Chemicals Updates

Asia Pacific Sweet Crude Daily Market Analysis / Trade details surface for end-June Kutubu crude / June-loading Vincent crude offered / IOC seeks various crude grades for June-July arrival

May 20, 2026

The Asia-Pacific complex experienced an increase in market activity April 23, led by several tender issuances and further trade clarity across crude barrels. In the light sweet crude complex, Australia’s Santos sold an end-June-loading Papua New Guinea’s Kutubu light sweet crude cargo, with initial trade levels heard at premiums in the high single digits over Dated Brent crude assessments, FOB. In the Australian heavy sweet crude complex, Woodside Energy offered a Vincent crude cargo scheduled to load in mid-June via a tender that closed April 23, according to trade sources. However, the results could not be confirmed. In the previous trading cycle, Mitsui sold Aprilloading barrels of the crude grade to a fuel oil blender at a premium of about $10/b over Dated Brent crude assessments, FOB. The second-month low...

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