SINGAPORE: Asian gasoil premiums slipped on Friday, though falls were capped by spot demand from Vietnam, industry sources said.
Spot demand from Vietnam continued with the country's top importer, Petrolimex, seeking 70,000 tonnes of gasoil for delivery in April, traders said.
The company's requirements for gasoil through tender could have increased following a cut in import tax on fuels from ASEAN that took effect from Jan. 1, traders said.
Vietnam's diesel imports used to be primarily from China and Taiwan, they added.
Petrolimex is also yet to conclude a term deal to import diesel and gasoline for this year, they said.
In Australia, Chevron was seeking 10 ppm sulphur diesel for delivery over April to September in a tender that closed on Feb. 27, a Singapore-based trader said.
It was seeking two to six cargoes of the fuel every quarter, the trader added.
It is unclear if the tender has been awarded.
Indonesia's Pertamina is seeking a jet fuel cargo for March delivery. It is unclear if the refiner had awarded a previous tender for a jet cargo to be delivered in mid-March.
In the Gulf, Abu Dhabi National Oil Company (ADNOC) could likely have sold a second diesel cargo for loading in March from its newly expanded Ruwais refinery to Petrobras, traders said, though this could not be confirmed.
Petrobras could also likely have bought the first diesel cargo from the refinery and could be shipping it to Brazil, they added.
Strong demand growth in Brazil, coupled with refinery issues, are boosting imports of oil products into the country, JBC Energy analysts wrote in a note published on Friday.
"This year, we expect total net imports to increase by 50,000 barrels per day, year-on-year, with higher fuel oil import requirements and lower exports across the board combining," they added.
In Qatar, Tasweeq offered a jet fuel cargo for April, which added to the supply in the region, traders said.
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