SINGAPORE: The Asia-Pacific crude oil market remained firm on Thursday with Malaysia raising the crude price factor for October, industry sources said.
MALAYSIA
* Malaysian state oil firm Petronas has set the October price factor for Malaysian Crude Oil (MCO) at $4.35 a barrel, up 45 cents from the previous month, according to a company document reviewed by Reuters on Thursday.
VIETNAM
* Vietnam's PV Oil has offered 1 million-1.2 million barrels of Hai Thach crude for loading over January to June next year, industry sources said.
The tender closes on Oct. 16 and is valid until Nov. 1.
PV Oil sold 1 million-1.6 million barrels of the crude for loading over January to June this year to Concord Energy at a premium of about $2.80 a barrel to dated Brent, traders have said.
INDONESIA
* Indonesia's state-owned Pertamina bought a cargo of Australian condensate for delivery in December, two industry sources said.
The company bought 650,000 barrels of North West Shelf condensate for delivery in the first half of December on a cost and freight basis, one of the sources said.
This works out to about a premium of up to 50 cents a barrel to dated Brent on a free-on-board basis.
Pertamina last bought two cargoes of North West Shelf condensate for delivery in November, traders have said.
TAIWAN
* Taiwanese refiner CPC Corp is set to buy US crude oil through a term contract for the first time, two industry sources said.
Negotiations are ongoing and the tender, for US West Texas Intermediate (WTI) Midland, could be awarded later this week or early next week, one of the sources said.
"Prices for WTI crude are competitive, so (CPC) has decided to buy through term," the source added.
The contract period will likely be from February to June, the source said.
BRENT-DUBAI EFS
Brent's premium to Dubai swaps was at $2.88 per barrel for December.
Comments
Comments are closed for this article.