Chemicals Updates

Asia Pacific Sweet Crude Daily Market Analysis / Pertamina seeks various crude, condensate grades / June-loading Kutubu crude trades / S Korea ramps up naphtha, condensate procurement

May 20, 2026

The Asia-Pacific regional market remained active, driven by tender issuance and initial trade details across the complex. Indonesia’s Pertamina sought various crude and condensate grades for July arrival via a tender that closed April 21, with validity until April 23, according to trade sources. The company previously purchased Brazilian Mero, along with Gabon’s Rabi Light and Cameroon’s Kole crude, via a tender that closed April 15, trade sources said. Trade levels could not be confirmed. Prior to that, the refiner purchased several Libyan and Nigerian crude cargoes scheduled for May-June arrival via a tender that closed April 8, according to trade sources. Further details could not be confirmed. Initial trade details surfaced, with Australia’s Santos reported to have sold a cargo of Papua New Guinea’s Kutubu light sweet crude, scheduled...

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