Middle East

PTT Public Co. purchased Abu Dhabi Murban and Qatar Marine in its Mar 20 to Apr 10 arrival sour crude buy tender for IRPC closed on Tuesday. The details including prices were unknown at this stage.

Africa/Europe/Russia/America

Sakhalin Energy sold one 730,000bbl cargo for Apr 6-12 loading in its sell tender closed on Thursday. The identity of the buyer was unknown but the price was heard at a premium of slightly narrower than $5.00 to Dubai quotes. The price was at the same level as the previous March-loading awarded price in a tender in the middle of December.

Asia Pacific

Prices for Labuan from Malaysia loading March increased to a premium of $6.95-7.05 to Dated Brent quotes, boosted by strong gasoil crack spreads in Asia and tight supply of Malaysian and Vietnamese crude loading March. Further, for Labuan, the only spot cargo was seen to be from Malaysian state-owned Petronas and buyers that needed Labuan apparently raised their bids. Petronas was said to have sold a Labuan cargo on Wednesday at a premium of about $7 to Dated Brent quotes. The buyer was reportedly China's Hengyi Petrochemical.