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Asia Pacific Sweet Crude Daily Market Analysis  / Asia-Pacific complex to see increased spot trading activity  / Vietnam’s Nghi Son Refinery receives first Congo crude cargo  / Japan’s INPEX receives notice of protected industrial action at Ichthys LNG

Asia Pacific Sweet Crude Daily Market Analysis / Asia-Pacific complex to see increased spot trading activity / Vietnam’s Nghi Son Refinery receives first Congo crude cargo / Japan’s INPEX receives notice of protected industrial action at Ichthys LNG

May 19, 2026

The Asia-Pacific regional market is expected to see a rise in spot trading activity over May 18-22 across the crude and condensate complex for July-loading barrels. In the regional condensate complex, trade sources noted that cash differentials for Julyloading condensate barrels could potentially see some pressure as some regional buyers undergo turnarounds, coupled with the softening of naphtha cracks. The second-month gasoline and naphtha swap cracks against Dubai crude swaps averaged $24.69/b and 24 cents/b, respectively, as of the May 15 Asian close, compared to averages of $22.33/b and $6.91/b in April. In the medium sweet crude complex, markets are keeping an eye on the tender results from PV Oil for fresh pricing directional cues as the company was seen offering 250,000 barrels of Thang Long crude scheduled for July...

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