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RTRS:Asia-Pacific Crude-Nov ESPO slips on higher supply
 
SINGAPORE, Oct 5 (Reuters) - Russian ESPO crude slipped in
Asia on Friday as a rise in November export volume and a limited
pool of buyers weighed on the grade.

* TENDERS
- Russia's Rosneft sold two cargoes of November ESPO crude
lower than the $4-$5 a barrel premiums fetched for earlier deals
by other producers.
Russia is exporting three more cargoes of ESPO crude from
the Pacific port of Kozmino in November after the expansion of
the Asian pipeline. A limited pool of buyers in Asia, mainly
Japan and China, have completed their purchases.
Rosneft sold a 100,000-tonne cargo each to Japanese refiner
JX Nippon Oil & Energy Group and European trader Trafigura at
premiums between $3.80 and $3.90 a barrel to Dubai quotes, they
said. The cargoes will load on Nov. 16-20 and 20-23.
The deals could not be independently verified.
Japan bought most of the November cargoes with JX purchasing
at least four, including one from Tenergy and two from
Surgutneftgaz, as its refineries return from maintenance,
traders said.
- India's second largest state-run refiner, Bharat Petroleum
Corp Ltd (BPCL), bought 1 million barrels of sweet
crude in a tender, bringing its total spot volume for November
loading to 3 million barrels, traders said.
The refiner bought 1 million barrels of Nigerian Agbami from
Chevron to load on November 21-30, they said. The price was not
available.

* MARKET NEWS
- North Sea Brent crude oil loadings will fall to around
120,000 barrels per day (bpd) in November from 135,000 bpd
originally scheduled for October, trade sources said.

- Mounting delays to tanker loadings of Forties are skewing
the price of the British crude used in pricing global oil
exports at a time when regulators are scrutinising the market.

- Seaborne oil exports from OPEC, excluding Angola and
Ecuador, will fall by 370,000 barrels per day (bpd) in the four
weeks to Oct 20, an analyst who estimates future shipments said.


CRUDE Price Prev Change
NOV Brent 112.16 108.84 +3.32
NOV Brent/Dubai EFS DUB-EFS-1M 3.77 3.40 +0.37

PRODUCT CRACKS
NOV fuel oil crack -7.24 -6.38 -0.85
NOV gasoil crack 19.52 19.68 -0.16
NOV naphtha crack -7.05 -7.62 +0.57

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