SINGAPORE, Aug 21 (Reuters) - The Asia Pacific crude oil market remained steady on Tuesday with marketers in Vietnam and Malaysia selling their grades at similar prices to the previous month, trade sources said.
VIETNAM
* Vietnam's PV Oil has sold two cargoes of Chim Sao crude for loading over Oct. 4 to 8 and Oct. 18 to 22 at a premium of $2.70 to $3.20 a barrel to dated Brent, traders said, though this could not immediately be confirmed.
PV Oil last sold Chim Sao at a premium close to $3 a barrel to Repsol (MC:REP) and Unipec, traders have said.
* PV Oil also likely sold 300,000 barrels of Te Giac Trang to Binh Son Refining which operates the domestic Dung Quat refinery, traders said. Price details were not immediately available.
MALAYSIA
* PetroBrunei sold 600,000 barrels of Kimanis crude for Oct. 15 to 19 loading to an end-user at a slight discount to the official selling price, traders said.
ConocoPhillips (NYSE:COP) recently sold an October-loading Kimanis cargo at a premium of about $4 a barrel to dated Brent, higher than the previous month.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $1.82 a barrel for October, down 10 cents from the previous session.
NEWS
* China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington. The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation's Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies of crude. The Indian government has asked its biggest state-owned firm, Oil and Natural Gas, to list its overseas unit ONGC Videsh, according to a letter seen by Reuters. U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities. U.S. supplies of diesel and heating oil are expected to be tight in coming months, market participants said, likely raising prices ahead of peak hurricane season and as farmers begin their fall harvests and North American homeowners prepare for winter. Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector. crude prices, oil product cracks and refining margins, please click on the RICs below.
Brent
BRENTSGMc1
Dubai
DUBSGSWMc2
Brent/Dubai EFS
DUB-EFS-1M
PRODUCT CRACKS
Fuel oil crack
FO180SGCKMc1
Gasoil crack
GOSGCKMc1
Naphtha crack
NAFOBSGCKMc1
Complex refining margins REF/MARGIN1