ASIA-PACIFIC CRUDE Spot premiums for May-loading crude from Malaysia and Vietnam held steady versus the previous month despite a reduction in Kimanis and Champion crude export volumes, traders said. Five Kimanis cargoes will load in May, a drop from the previous month, they said. However, the lower supply is balanced out by lower demand as refiners Viva Energy, Hengyi and Taiyo are conducting maintenance in second quarter, the traders said. PV Oil awarded its May-loading Chim Sao crude cargo via a tender to PTT at a premium above $6 a barrel to dated Brent while Petronas has sold a May-loading Labuan cargo at a premium above $8 a barrel, they said.
RUSSIAN CRUDE Prices for May-loading ESPO Blend crude oil hold steady at the start of the new trading cycle as Chinese buyers wait to see how the market moves, three traders said. ESPO Blend crude oil cargoes loading in May traded at discount of $9-10 per barrel to Dubai benchmark on FOB (free on board) Kozmino basis, quite in line with April estimates, they said.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 10 cents to $1.27 a
barrel. Unipec will deliver a May-loading al-Shaheen crude cargo
to PetroChina following the deals. Ten cargoes have been
delivered on the window so far this month.
SELLER-BUYER PRICE
UNIPEC-TOTAL 76.15
PHILLIPS66-PETROCHINA 76.15
UNIPEC-TOTAL 76.15
GLENCORE-TOTAL 76.15
UNIPEC-TRAFIGURA 76.10
EQUINOR-UNIPEC 76.15
TOTAL-PHILLIPS66 76.14
TOTAL-PHILLIPS66 76.14
KOCH-TOTAL 76.10
UNIPEC-TRAFIGURA 76.10
UNIPEC-PETROCHINA 76.10
KOCH-TOTAL 76.10
KOCH-TOTAL 76.10
PHILLIPS66-PETROCHINA 76.10
VITOL-TOTAL 76.10
PETROCHINA-UNIPEC 76.11
TOTAL-KOCH 76.10
PETROCHINA-VITOL 76.10
KOCH-TOTAL 76.09
PETROCHINA-PHILLIPS66 76.10
UNIPEC-TOTAL 76.09
PETROCHINA-UNIPEC 76.09
KOCH-TOTAL 76.09
RELIANCE-GUNVOR 76.05
PETROCHINA-KOCH 76.10
TOTAL-UNIPEC 76.09
PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 76.10 74.53 DME OMAN DIFF TO DUBAI 1.28 1.12 CASH DUBAI 76.09 74.55
TENDERS
Indian Oil Corp (IOC) bought four west African crude cargoes
via a tender. It purchased Agbami and Nemba from Chevron and
Agbami and Usan from Equinor, traders said.
IOC skipped sweet crude purchases last month because it had
some surplus oil and good amounts of Russian ESPO and Sokol, one
of them said.
NEWS
U.S. crude oil stockpiles rose unexpectedly last week to
their highest in nearly two years, while gasoline and distillate
inventories fell, the Energy Information Administration said on
Wednesday. China is expected to account for around 40% of the increase
in global oil demand this year as its economy emerges from
strict lockdowns, but the increased use will not take prices
back to 2022 levels, consultancy Wood Mackenzie said on
Thursday. Asian gasoil stocks have risen sharply in recent weeks as
regional refiners are stuck exporting to markets east of the
Suez, with narrower opportunities to send barrels to Africa
flooded with Russian cargoes, traders and analysts said. For crude prices, oil product cracks and refining margins,
please click on the RICs below.
Brent Dubai DME Oman Brent/Dubai EFS PRODUCT CRACKS
Fuel oil crack Gasoil crack Naphtha crack Complex refining margins (Reporting by Florence Tan
)
Asia Europe Americas CRUDE OIL MARKET NEWS
Crude oil tenders in Asia Crude oil supply outages in Asia Refinery outages in Asia Global arbitrage news and flows W.African crude imports to Asia, monthly REFINERY MAINTENANCE DIARIES
Asia Middle East Europe NATIONAL CRUDE IMPORT DATA
Japan China India S.Korea Indonesia CRUDE OIL INVENTORY DATA
Japan US Europe CRUDE OIL PRODUCTION/OILFIELD NEWS
OPEC output survey New Africa fields New projects New Americas fields CRUDE OIL MARKET REPORTS
Middle East Asia-Pacific West Africa North Sea Asia outlook Europe outlook Global futures report Technicals report PRICES
For all Official Selling Prices For a POLL on oil prices NYMEX and ICE oil futures TOCOM crude oil futures Dubai, Oman swaps and spread Middle East physical crude diffs Australia physical crude, Tapis swaps Asia-Pacific physical crude All Asian crude oil differentials All Asian crude oil outright prices ))
