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Markets

Asia-Pacific Crude-Remains steady on firm demand

Published Updated

SINGAPORE: The Asia Pacific crude oil market remained firm on Wednesday on still high profit margins for refining middle distillates and ahead of US sanctions on Iranian crude, trade sources said.

VIETNAM

* Vietnam's PV Oil has offered 300,000 barrels of Ruby crude for loading in late November, trade sources said.

It last sold Ruby for October-loading at a premium of about $1 to $1.50 a barrel to dated Brent, traders have said.

MALAYSIA

* At least three Kimanis crude oil cargoes for loading in November have sold, with two of them likely selling at above $5 a barrel premium to dated Brent, traders said.

Firm middle distillates margins are boosting premiums for the sweet grade, they added.

AUSTRALIA

* Japan's Inpex may have sold 350,000 barrels of Van Gogh crude oil for loading over Nov. 18 to 22, traders said, though price details were not immediately clear.

BRENT-DUBAI EFS

* Brent's premium to Dubai swaps  was at $3.66 per barrel for November, down 10 cents from the previous session.

Copyright Reuters, 2018
 

 

 

 

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