Asia-Pacific Crude-Malaysian to load 10 Kimanis cargoes in Dec

SINGAPORE: The Asia-Pacific crude oil market remained firm on Wednesday with Malaysia expected to load slightly lower volumes of Kimanis cargoes in December, industry sources said.

MALAYSIA

Malaysia’s Petronas has offered 350,000 barrels of Bunga Kekwa for loading over Dec. 5 to 11 in a tender that closes on Oct. 19 and valid until Oct. 22.

Malaysia’s exports of Kimanis crude oil are expected to drop to 10 cargoes in December, from 11 in the previous month, industry sources said on Wednesday

Petronas will be allocated four cargoes, while Royal Dutch Shell will have three cargoes to market, one of the sources said.

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