RTRS:Asia-Pacific Crude-Samsung snaps up half of Nov NWS condensate
SINGAPORE, Sept 7 (Reuters) - Condensate rose in Asia on
Friday as South Korean petrochemical producer Samsung Total
bought two of the four North West Shelf (NWS) condensate cargoes
for November loading at narrower discounts on stronger naphtha
cracks.
* TRADES
- Samsung Total bought the NWS condensate cargoes from
Chevron and BHP at about $6 a barrel below dated Brent, up from
discounts of $7-$7.50 a barrel for October. Chevron's cargo will
load on Nov. 4-8 while that for BHP will load on Nov. 20-24.
* TENDERS
- Russia's top oil producer Rosneft sold a cargo of ESPO
crude for October loading at the highest premium since July as
strong middle distillates margins increased demand for the
grade, traders said.
Rosneft sold the 730,000-barrel cargo for loading on Oct.
27-30 to Japanese refiner JX Nippon Oil & Energy Group at a
premium of about $4.40 a barrel to Dubai quotes, they said. The
deal could not be independently verified.
* REFINERY
- Delta Air Lines unit Monroe Energy LLC is restarting the
185,000 barrel-per-day Trainer, Pennsylvania refinery it bought
last spring, and will be producing jet fuel at full capacity by
the end of this month, the one-year anniversary of the
refinery's closure by ConocoPhillips.
* MARKET NEWS
- Supply of the North Sea crude oil that underpins the
benchmark Brent contract is set to rise from a record low in
October, export schedules showed on Thursday, weakening a source
of support for prices.
Brent is based on the prices of four North Sea crude oils:
Brent, Forties, Oseberg and Ekofisk. They are set to pump
871,000 barrels per day (bpd) in October, up from September's
record low of 720,000 bpd, according to Reuters calculations
based on loading programmes.
CRUDE Price Prev Change
OCT Brent 113.85 114.23 -0.38
OCT Brent/Dubai EFS DUB-EFS-1M 3.00 3.05 -0.05
PRODUCT CRACKS
OCT fuel oil crack -5.50 -5.74 +0.23
OCT gasoil crack 18.75 18.83 -0.08
OCT naphtha crack -5.52 -5.56 +0.05
COMPLEX REFINERY MARGINS
Today 8.29
Last 5 days 8.79
Last 365 days 7.36