SINGAPORE: The Asia-Pacific crude market held steady on Tuesday as traders worked on a flurry of tenders from Vietnam and Thailand while waiting for loading programmes from Australia to gauge April supplies.
AUSTRALIA: Four North West Shelf (NWS) condensate cargoes will load in April, steady volume from the previous month, a source familiar with the matter said, citing a provisional loading programme.
Weak naphtha cracks may continue to weigh on NWS condensate this month, another source said, adding that the ultra light oil’s value may fall below a premium of $2 a barrel against dated Brent.
Mitsui may have one Enfield loading in April while Quadrant Energy may be marketing the only Pyrenees cargo in the same month.
Source: Brecorder.com
