AGL 37.99 Increased By ▲ 0.42 (1.12%)
AIRLINK 132.90 Increased By ▲ 0.40 (0.3%)
BOP 5.62 Decreased By ▼ -0.02 (-0.35%)
CNERGY 3.77 No Change ▼ 0.00 (0%)
DCL 8.84 Decreased By ▼ -0.03 (-0.34%)
DFML 41.00 No Change ▼ 0.00 (0%)
DGKC 89.45 Decreased By ▼ -0.71 (-0.79%)
FCCL 35.40 Increased By ▲ 0.32 (0.91%)
FFBL 66.30 Decreased By ▼ -0.20 (-0.3%)
FFL 10.25 Increased By ▲ 0.10 (0.99%)
HUBC 108.30 Increased By ▲ 1.90 (1.79%)
HUMNL 13.85 Increased By ▲ 0.45 (3.36%)
KEL 4.82 Decreased By ▼ -0.04 (-0.82%)
KOSM 6.80 Decreased By ▼ -0.05 (-0.73%)
MLCF 41.55 Decreased By ▼ -0.25 (-0.6%)
NBP 58.25 Decreased By ▼ -0.33 (-0.56%)
OGDC 181.30 Increased By ▲ 0.05 (0.03%)
PAEL 25.70 No Change ▼ 0.00 (0%)
PIBTL 5.86 Increased By ▲ 0.03 (0.51%)
PPL 146.90 Decreased By ▼ -1.50 (-1.01%)
PRL 23.35 Increased By ▲ 0.13 (0.56%)
PTC 15.59 Increased By ▲ 0.35 (2.3%)
SEARL 68.37 Decreased By ▼ -0.42 (-0.61%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.85 Decreased By ▼ -0.15 (-0.42%)
TPLP 7.40 No Change ▼ 0.00 (0%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.94 Increased By ▲ 0.09 (0.18%)
UNITY 26.40 No Change ▼ 0.00 (0%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,770 Increased By 2.6 (0.03%)
BR30 29,494 Increased By 93.8 (0.32%)
KSE100 92,098 Increased By 160.3 (0.17%)
KSE30 28,737 Decreased By -7.1 (-0.02%)

SINGAPORE: Malaysia's Petronas sold a new grade in the Asia-Pacific crude market, traders said on Wednesday, while spot premiums for other Malaysian grades remained firm.

MALAYSIA: Petronas has sold the first ever cargo of Ophir Light crude for loading in December to a trading company, trade sources said.

The 200,000-barrel cargo will load over Dec. 8 to 14 and was sold via a tender, the sources said.

Petronas may soon offer a second cargo loading in December, one of the sources said.

With a production of about 6,000 barrels per day, the crude has an API gravity of 46 to 47 degrees and a sulphur content of about 0.07 percent.

The Ophir field, located offshore Terengganu, Malaysia, northeast of peninsular Malaysia, is developed by Ophir Production Sdn Bhd (OPSB) under a Risk Service Contract, according to Octanex's website. Octanex owns 50 percent of OPSB.

Separately, Petronas sold a December-loading cargo of Miri crude at $4-$4.50 a barrel above dated Brent, similar to premiums fetched for Kimanis. Petronas has also closed a tender to sell 300,000 barrels of Penara crude that will load on Dec. 14-20, although the results were not immediately known.

VIETNAM: PV Oil has sold Hai Thach crude supplies for loading in the first half of 2018 at a higher premium than the previous six months on firm demand for light oil in Asia, trade sources said.

The tender was awarded to Concord Energy at $2.84 a barrel above dated Brent, they said, versus a premium of $1.90-$2 for the second half of 2017.

Concord will lift 1 million to 1.6 million barrels of Hai Thach crude between January and June 2018.

AUSTRALIA: December-loading Cossack's premium held steady at $2-$2.50 a barrel to dated Brent from the previous month. BHP has likely sold the only cargo loading in December to BP.

BRENT-DUBAI EFS

Brent's premium to Dubai swaps was at $2.56 per barrel for January.

OSP: The official selling price of a basket of October-loading Malaysian crude oil grades has been set at $61.31 a barrel, the highest since July 2015, trade sources said.

The October price for flagship Labuan rose $1.96 per barrel from the previous month.

 

Copyright Reuters, 2017
 

 

Comments

Comments are closed.