Middle East Crude

In trade for November-loading Al Shaheen, seventeen cargoes were scheduled to be loaded in total, including three cargoes handled by Qatar Energy (QE). Aramco Trading would receive four cargoes including a Nov 2-3 loading cargo from QE while China National Offshore Oil Corp (CNOOC) would take two cargoes including a Nov 12-13 loading cargo from QE. In trade for November-loading Qatari condensates, QE floated a D.F.C. sell tender. Through the tender that would be closed on September 17 with validity until September 18, QE was trying to sell one cargo. Meanwhile, QE skipped issuing a November-loading L.S.C. sell tender. This was because QE planned to conduct partial maintenance at its oil field from October to first-half December and thus the company held limited room to sell spot cargoes of condensates.

African/European/Russian/American Crude

In the trade of Sudanese grades, India's Oil and Gas Corp (ONGC) issued a sell tender for October-loading Nile Blend. It offered one 600,000bbl cargo for Oct 18-20 loading. The tender will close on September 16, with validity until September 18. In the trade of Brazilian grades bound for Asia, Reliance in India appeared to have procured Peregrino regularly. The seller was said to be Norway's Equinor.

Asia Pacific Crude

In trade for November-loading Australian grades, a supply program of Ichthys condensate would be released this week and only one cargo was expected to be available. This was because its production facilities were reducing operation rates. INPEX, an operator of the Ichthys LGN project (with production capacity of 8.90 mil mt/year), had halted operations at the No.2 liquefaction train on August 20. INPEX had not restarted the operations at the No.2 liquefaction train yet. In addition, INPEX scheduled inspections for the No. 1 train and would lower operation rates of the No.1 train soon. In trade for October-loading Australian grades, Australia's Woodside had awarded a Vincent sell tender at premiums of slightly above $13 to Dated Brent. The winner was European Gunvor. The company bought the cargo for Oct 13-17 loading in order to blend it with fuel oil.