SINGAPORE: Medium grades in the Asia-Pacific crude market held firm on Tuesday, supported by a narrow Brent-Dubai price spread.
ConocoPhillips sold its Kimanis cargo loading on Jan. 28 to Feb. 1 at a premium above $5 a barrel to dated Brent, traders said, adding that Glencore may have bought the cargo.
The deal could not be independently verified.
The trader also earlier bought a Kimanis cargo from Petroleum Brunei at a premium of 31 cents a barrel to its official selling price (OSP), traders said.
Glencore also previously bought one of the two Vietnamese Chim Sao crude cargoes in PV Oil's tender.
PV Oil has sold the only spot Su Tu Den cargo loading in January to Shell, traders said. The premium for the cargo was not immediately available.
Separately, Petronas has offered 100,000 barrels of Bentara crude in a tender.
Brent's premium to Dubai swaps was at $1.36 per barrel, down 1 cent for January.
REFINERY
Total's 253,000 barrel-per-day Gonfreville refinery in Normandy has started the process of suspending production due to an ongoing strike in the oil sector, France's CGGT trade union said on Monday.
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