Asian Crude Market: IOC Tenders & Libya

Asia Pacific Sweet Crude Daily Market Analysis / Indonesian refiner seeks various crude, condensate grades / IOC seeks various crude grades for May-June arrival

Jun 02, 2026

The Asia-Pacific regional market saw multiple tender issuances across the crude and condensate complex. In the regional condensate complex, an Indonesian refiner was seen seeking various crude and condensate grades for May- June arrival via a tender that closed March 25, with validity until March 27. Meanwhile, India’s IOC was seen seeking various sweet crudegrades for May-June arrival to Vadinar via a tender. The refiner had also issued another concurrent tender that sought sweet and sour crudes for delivery to Paradip over May 6-15. Both tenders closed 10:00 am India time (0430 GMT) on March 25, with same-day validity until 6:00 pm India time. IOC was last heard to have not awarded its tender, which closed March 23, in which the refiner was seen seeking various sweet crude grades scheduled...

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