Pertamina offered a May-loading cargo of Banyu Urip, traders said. The Indonesian grade is seldom sold in the spot market and the offer was prompt, they added.

PRICES: Brent crude's premium to Dubai quotes rose to $4.30 a barrel, its widest since January 2016, on strength in the European market, Reuters data showed.

A wide spread spurs Asian demand for Middle East and Russian crude priced off Dubai while dampening consumption of Brent-linked grades from the Atlantic Basin.

RUSSIA: Sakhalin Energy has sold five cargoes of Sakhalin Blend crude loading between late June and July at premiums slightly higher than the previous month on strong demand for grades priced off Dubai quotes, sources said.

A cargo loading on June 24-30 was sold via tender at a premium close to $4 a barrel to Dubai, while another three cargoes loading in July sold at a premium of $4-$4.50, they said.

A fifth cargo loading mid-July sold at a premium of $5-$5.50 as its quality was heavier than usual, one of the sources said.

Loading dates for the four July cargoes are July 5-11, 11-17, 17-23 and 23-29.

The cargoes were sold to end-users in Japan, South Korea and China, the trade sources said.

For ESPO, Gazprom has sold a cargo loading in early June at $3.20-$3.30 a barrel, traders said. The price is at the low end of premiums in trades last month, a sign of continuing weak Chinese demand.

QATAR: Qatar Petroleum has sold two cargoes of condensate loading in June at lower premiums than the previous month, two trade sources said.

QP sold one cargo of deodorised field condensate (DFC) to Hyundai Oilbank at $4.60-$4.70 a barrel above Dubai quotes, down from about $5 in the previous month, they said.

It also sold a low-sulphur condensate (LSC) cargo to Hanwha Total at $3.75-$3.80 a barrel above Dubai quotes, they said.

That is down from May sales at a premium of $4-$4.50.