Asia-Pacific Crude-Pertamina seeks Aug-Dec crude; Thai spot tender awaited

29 May, 2017

THAILAND

IRPC TENDER: Thai state-controlled PTT has yet to issue the monthly sweet crude import tender on behalf of Rayong-based refiner IRPC. A rise in regional premiums this month could prompt the refiner to turn towards arbitrage cargoes held in floating storage, a source familiar with Thai tender thinking said.

INDONESIA

AUGUST-DELIVERY SPOT TENDER: Pertamina is seeking up to two 600,000-barrel cargoes of either Nile Blend or Rabi Export Blend crude for delivery Aug. 8-10 and Aug. 23-25 to its Balongan refinery.

SEPT-DEC TERM TENDER: The Indonesian oil company is also seeking between one and three 600,000-barrel cargoes of Nile Blend or Rabi Export Blend crude a month for the September to December period. The tenders close on May 31 and bids are valid to June 5.

BRENT-DUBAI EFS

Brent's premium to Dubai swaps was at $0.80 a barrel, up 1 cent for July.

 

Copyright Reuters, 2017
 

 

 

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