Markets

Asia-Pacific Crude-Aug Chim Sao supply improves

Published June 10, 2016 Updated June 10, 2016 12:49pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

SINGAPORE: Vietnamese supply slightly improved in the Asia-Pacific crude market on Friday, as PV Oil offered two Aug Chim Sao cargoes for loading in August, compared with one in the previous month.

August Ruby supplies were unchanged at 500,000 barrels.

India's demand for West African crude remained strong for August as refiner IOC bought a total of 7 million barrels of crude.

Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), rose 11 cents to $3.71 a barrel for August.

Read Comments