RTRS:Asia-Pacific Crude-ESPO premium rises to 2-month high
SINGAPORE, May 30 (Reuters) - Russian ESPO crude premium in
July edged up to touch a two-month high on Wednesday on robust
demand in Asia.
* TENDERS
- Russia's Rosneft is likely to have sold its only ESPO
crude for July at about $4.50 a barrel above dated Brent,
slightly higher than the $4-$4.40 premiums fetched in Surgut's
tender earlier this week.
Top Japanese refiner JX Nippon Oil & Energy Corp or an oil
major may have bought the cargo, traders said.
Asian refiners appear to have placed more aggressive bids to
prevent the cargoes from heading to the U.S. West Coast, one of
the traders said.
- India's Bharat Petroleum Corp Ltd has bought 1 million
barrels of Libyan Sarir crude from Japanese trader Marubeni in a
tender, trade sources said.
The refiner is likely to have bought the cargo for loading
on July 21-31 at a discount of 20 cents a barrel to dated Brent,
one of the sources said.
* MARKET NEWS
- Indonesia's state-owned oil firm Pertamina must purchase
crude and fuel oil directly from primary sources, President
Susilo Bambang Yudhoyono said.
- Japan's crude imports from Iran fell 65.5 percent in April
from a year earlier, ahead of deeper declines that may come from
July due to the difficulty in doing business with the Islamic
Republic as Western sanctions bite.
- JX plans to refine 5.23 million kilolitres of crude oil in
June for domestic consumption, up 16 percent from a year
earlier, a company executive said.
CRUDE Price Prev Change
JULY Brent 105.60 107.71 -2.11
JULY Brent/Dubai EFS DUB-EFS-1M 3.27 3.42 -0.15
PRODUCT CRACKS Price Prev Change
JUNE fuel oil crack -3.36 -3.97 0.61
JUNE gasoil crack 14.18 14.61 -0.43
JULY naphtha crack -11.02 -11.27 0.25
COMPLEX REFINERY MARGINS
Today 7.16
Last 5 days 6.73
Last 365 days 7.53