Overall Singapore refining margins to Dubai crude, which is seen as the de facto Asian benchmark, rose above $7 per barrel on June 15, the first since late April.

VIETNAM

CHIM SAO: A PV Oil tender offering two 300,000-barrel cargoes of the Vietnamese grade for August loading is likely to get awarded at a low-$3.00 per barrel premium to dated Brent, a source with direct knowledge of the tender said on Thursday. Official tender awards are only due to be announced on June 16, when the validity of bids expires. The August-loading premium is significantly higher than month-ago levels when the Vietnamese state-marketer sold both its July-loading cargoes at premiums around $2.30-$2.40 per barrel to the benchmark.

MALAYSIA

CAKERAWALA CONDENSATE: Petronas is offering 330,000-barrels of Cakerawala condensate for August 10-19 loading in a tender that closes on June 19. August Cakerawala supplies are steady from July, when a cargo of the grade was sold at a high-$2.00 per barrel premium to dated Brent last month.

MUDA CONDENSATE: Petronas is also offering 300,000-barrels of Muda condensate for August 24-30 loading in a separate tender that closes on June 19. In comparison, a 250,000-barrel cargo of the grade for loading in July was sold at a high-$1.00 per barrel premium to dated Brent last month.