Chemicals Updates

Asia Pacific Sweet Crude Daily Market Analysis / End Aug-early Sep Ichthys Field condensate offered / Oct-arrival US WTI Midland crude traded

Jul 17, 2026

The Asia-Pacific regional complex July 15 saw a spike in arbitrage crude trading activity overnight, along with initial condensate movements. In the regional condensate complex, Japan’s Inpex was heard to have offered its Australia’s Ichthys Field condensate cargo scheduled to load over end-August to early September, several trade sources said, though further details could not be confirmed. In the delivered crude complex, Asian refiners were heard to have purchased about 9 million barrels of WTI Midland scheduled for October arrival, amid fresh arbitrage opportunities overnight. South Korea’s SK Energy was heard to have purchased 1 VLCC-sized cargo of October-arrival barrels, while GS Caltex was heard to have purchased 3 million barrels of US WTI Midland crude, with initial trade levels heard at about premiums ranging $12s-$15/b against Dubai, DES South...

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