Chemical Updates

Asia Pacific Sweet Crude Daily Market Analysis / Initial trade details surfaced for Ichthys Field condensate / BSP offers Champion crude for Oct loading

Aug 18, 2026

The Asia-Pacific regional complex saw initial trade details surfacing along with tender issuance for medium sweet crude Aug. 17. In the regional condensate complex, initial trade details surfaced as Japan’s Inpex was heard to have sold its Australia’s Ichthys Field condensate cargo scheduled to load over Sept. 30-Oct. 4 to South Korea’s Hanwha, with initial trade levels heard at premiums ranging in the $5s/b to $7s/b against Dated Brent, FOB. In the light sweet crude complex, initial trade details had also surfaced as Australia’s Santos was heard to have sold its Papua New Guinea Kutubu light sweet crude cargo scheduled to load Oct. 23-27, with initial trade levels heard at premium of around $5/b against Dated Brent, FOB. Meanwhile, initial trade details surfaced as Indonesia’s Pertamina was heard to have...

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