SINGAPORE: Malaysia kicked off May trading by offering two crude cargoes for the month through tenders, trade sources said.
MALAYSIA
Malaysia's Petronas has offered 250,000 barrels of Angsi crude for loading in May through a spot tender issued on Wednesday, industry sources said.
The refiner usually sells a maximum of two cargoes of the crude grade a year as production from the Angsi field in the South China Sea off Malaysia is small, one of the sources said.
The crude has an API gravity of over 40 degrees and is similar to Malaysia's Tapis crude which is a light sweet grade, the source added.
Separately, Petronas has also issued a tender offering 350,000 barrels of Bertam crude for loading in May.
Both tenders close on March 16 and are valid until March 19.
BRENT-DUBAI EFS
Brent's premium to Dubai swaps <DUB-EFS-1M> was at $3.27 per barrel, down 5 cents for May.
NEWS
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