SINGAPORE: Middle East crude benchmarks edged higher on Friday in flurry of trades while Upper Zakum and Qatar Marine remained in discounts.
UAE: Petro-Diamond has sold a May-loading Upper Zakum cargo at 20 cents a barrel below its OSP, traders said.
QATAR: Qatar Petroleum has sold two cargoes of condensate loading in May via a tender at similar premiums from the previous month, traders said.
The producer sold one deodorised field condensate (DFC) cargo to Hyundai Chemical at about $5 a barrel above Dubai quotes. It also sold a low-sulphur condensate (LSC) cargo to a
South Korean end user, likely Hanwha Total Petrochemicals, at about $4.50 a barrel above Dubai quotes, they said.
Qatari condensate premiums remained supported by an expected drop in Iranian exports, traders said. The deals could not be independently verified.
RUSSIA: Spot premiums for Russian grades were mixed with Sokol holding steady while ESPO fell on lower China demand.
ONGC has sold a 700,000-barrel cargo of Russian Sokol crude to load on May 9-15 to Shell at $4.32 a barrel above Dubai quotes, a steady premium from the previous month.
ONGC will close on March 20 a tender to sell another Sokol cargo loading on May 22-28.
Surgutneftegaz has sold two ESPO crude cargoes loading on April 30-May 5 and May 3-8 at premiums between $3.20 and $3.30 a barrel to Dubai quotes, they said.
Mercuria may have bought one of the cargoes, they said, while the other cargo likely went to Vitol.
More ESPO cargoes will trade next week with Rosneft offering a cargo to load on May 4-10 and Gazprom marketing its May 3-13 cargo, one of the sources said.
Sakhalin Energy has offered a cargo of Sakhalin Blend crude to load on May 29-June 4 via a tender, trade sources said.
The tender will close on March 21 and will remain valid until a day later.
The producer will sell another four cargoes loading on June 4-10, 10-16, 16-22 and 22-28 after awarding the tender, they said.
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