Kuwait Petroleum Corp (KPC) has agreed to sell its 2016 term barrels for gasoil and jet fuel at 8-11 per cent lower premiums, indicating a further weakening of the middle distillates market next year, traders said.
Saudi Aramco bought more than 1 million barrels of gasoil for July in the spot market despite new refining capacity, as hot summer weather boosts power demand for airconditioning, industry sources said.
Saudi Aramco is seeking 1.6 million barrels of gasoil for delivery in June, after earlier seeking similar volumes for May, traders said.
Saudi Aramco Products Trading Company (ATC), a wholly-owned subsidiary of
Saudi Aramco is in negotiation to buy 1.7 million barrels of gasoil for delivery in May, its largest spot requirement in recent months, to meet a potential rise in domestic demand for the power generation fuel in summer, industry sources said.
Abu Dhabi National Oil Co (Adnoc) issued a tender to buy up to nine cargoes, or 300,000 tonnes, of gasoil for delivery into Egypt in April, traders said.
The tender asks for up to six 33,000 tonne cargoes of 0.
Egypt's state-run oil company issued a tender to buy 8 cargoes of gasoil totalling nearly 300,000 tonnes for delivery in April, according to a tender document.
The tender calls for the delivery of 3 cargoes
Egyptian General Petroleum Corp (EGPC) bought up to 483,000 tonnes of gasoil for delivery in February, trade sources said.
Egypt's large monthly purchase is expected to support gasoil margins in Asia and th
Yemen's Aden Refinery Company is seeking 900,000 tonnes of gasoil and gasoline for delivery in February to April, continuing its purchases since Saudi Arabia suspended most of its financial aid to the country
Iran resumed gasoil imports this quarter after a gap of several months on rising consumption of heating oil during winter, but the arrivals are unlikely to continue as the demand is only seasonal, industry source