SINGAPORE: Activity on the Asia-Pacific crude market remains thin as offers for July-loading cargoes have yet to emerge and traders await the results of various regional crude tenders.
Some July offers are expected to emerge in the coming days as the Australian North West Shelf (NWS) condensate loading programme is due for release on May 5.
THAILAND: State refiner PTT is still in the midst of discussing offers made for the IRPC sweet crude tender that closed on May 3. It received around 60 offers, although details on the cargoes were not immediately known.
INDONESIA: State-controlled Pertamina is also in the midst of finalising the awards for its July-December term crude import tender. It has short-listed offers for West African crude from two companies, an oil major and a national oil company, and is expected to award the tender soon, a source with knowledge of the matter said.
BRENT-DUBAI EFS: Brent's premium to Dubai swaps was at $0.74 per barrel, up 1 cent for July.
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