A rise in Malaysian Kimanis crude supplies loading in June is also expected to further weigh on regional crude values.
VIETNAM - RUBY: Malaysia's Petronas, which jointly marketed the grade with Vietnam's state-marketer PV Oil, awarded the sell tender at lower premiums than last month. Japanese refiner Taiyo bought the 300,000-barrel June 3-10 cargo at a low-$1.00 per barrel premium to dated Brent, while the Vietnamese firm's trading arm PV Oil Singapore, purchased the June 21-28 cargo at a lower premium around $1 per barrel. A single 300,000-barrel May-loading Ruby crude cargo traded at around $2.20 per barrel above dated Brent last month.
VIETNAM - THANG LONG: PV Oil Singapore was also awarded the 250,000-barrel cargo due for June 7-11 loading. No cargoes of the grade were available for loading in May, while the most recent Thang Long deal saw an end-April cargo trade at a premium of around $1 per barrel to dated Brent.
VIETNAM - SONG DOC: PV Oil is offering 112,000 barrels of the grade for June 12-18 loading in a tender that closes on April 24. A May-loading Song Doc crude cargo traded at around $3.30 per barrel above dated Brent last month.
VIETNAM - CHIM SAO: PV Oil is offering two 300,000-barrel cargoes of the grade for loading between June 5-9 and June 18-22 via a tender that closes on April 18. May-loading Chim Sao cargoes were traded at around $3 per barrel above dated Brent last month.
MALAYSIA - KIMANIS: Ten 600,000-barrel cargoes of Malaysian Kimanis crude are due to load in June, one cargo more than in May.
MALAYSIA - MUDA CONDENSATE: Petronas is offering 250,000 barrels of the grade for June 11-20 loading in a tender that closes on April 20. No Muda condensate was offered for May-loading last month. Petronas last sold an April-loading Muda cargo at a premium around $1 above dated Brent in February. No Cakerawala condensate will be available for loading in June.
MALAYSIA - BUNGA ORKID: Petronas closed a tender to sell 300,000 barrels of Bunga Orkid crude for June 4-10 loading on Monday. Tender awards are due to emerge on April 18 when validity for bids expire.