PAPUA NEW GUINEA: Trafigura bought one cargo of January-loading Kutubu crude at a premium of about $3 a barrel, steady from last month.

AUSTRALIA: BHP has sold the only Pyrenees cargo loading in January, probably to China at about $2 a barrel above dated Brent. The grade was traded last month at a premium of $2-$2.50.

RUSSIA: Russia's Surgutneftegaz sold two ESPO cargoes loading in late December to early January at premiums similar to top end of last month's price range, trade sources said.

The cargoes were sold to Vitol and JX at $3.50-$3.55 a barrel above Dubai quotes for loading Dec. 31-Jan. 5 and Jan. 3-8.

Rosneft has signed an oil supply deal with CEFC China Energy Company, Russia's largest oil producer said in a regulatory filing on Monday, confirming a Reuters report last week.

The Russian company said it would supply up to 60.8 million tonnes of oil over the five years from January 1, 2018.

The price of the oil deliveries will be based on a formula pegged to prices on the global market.

CEFC expects to receive 8-10 million tonnes of ESPO crude from Russia's Far East next year, a source with direct knowledge of the matter told Reuters last week.

Another source close to CEFC said the company would receive two cargoes a month of Russian crude in the first quarter.