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RTRS:Asia-Pacific Crude-Nov Sokol rises to 4-month high
 
SINGAPORE, Sept 13 (Reuters) - Russian light sweet Sokol
crude premium rose on Thursday to its highest in four months,
reflecting strong demand for distillates-rich grades ahead of
winter.

* TENDERS
- Russia's top oil producer Rosneft sold two 95,000-tonne
cargoes of Sokol crude to South Korean refiners SK Energy and GS
Caltex at premiums of between $7.40 and $7.60 a barrel to Dubai
quotes, they said. The cargoes will load on Nov. 7-16 and 16-25.
The deals could not be independently verified.

* OSP
- Malaysia's Petronas has reduced the Tapis crude price
alpha factor for September liftings to $3.05 per barrel, the
lowest in 17 months as refinery outages and abundant arbitrage
supply have depressed spot premiums.
The September Tapis alpha is down $1.95 from the previous
month.
The alpha factor is used to calculate the official selling
price (OSP) of Malaysia's main export crude.
Petronas also announced the differentials for Labuan, Miri
Light, Dulang, Bintulu and Kikeh to dated Brent as it starts new
price formulas for these grades from September to better reflect
higher values for distillates-rich crude.

* MARKET NEWS
- South Sudan could produce at least 300,000 barrels per day
of oil when it resumes full production, but that may take until
mid-2013 because of damage caused during its border dispute with
Sudan, an oil official said.

CRUDE Price Prev Change
OCT Brent 115.81 116.13 -0.32
OCT Brent/Dubai EFS DUB-EFS-1M 3.15 3.35 -0.20

PRODUCT CRACKS
OCT fuel oil crack -5.87 -5.82 -0.05
OCT gasoil crack 18.84 18.92 -0.08
OCT naphtha crack -7.25 -6.24 -1.01

COMPLEX REFINERY MARGINS
Today 8.81
Last 5 days 8.62
Last 365 days 7.36

Source