Middle East Crude

　In trade for July-loading Qatari condensates, Qatar Energy (QE) sold 500,000barrels of L.S.C. via a tender closed on Tuesday. SK Energy seemed to have won the tender at premiums in the mid $4.00's to Dubai quotes. Meanwhile, QE additionally sold one or two cargoes of July-loading L.S.C. and the buyers were apparently US Exxon Mobile and Korea's S-Oil Corporation.

African/European/Russian/American Crude

　In the trade of Russian grades, a few end-users in India regularly purchased Sakhalin Sokol in recent months. The latest traded level for Sokol was said to be at premiums of $1.50 to $2.00 to Dubai quotes on a CFR West India basis for July arrival. For other trade for Russian grades, end-users in India continued to buy Russian Urals. The traded levels for Urals for July arrival in India were at discounts of around $4.00 to Dated Brent on a CFR basis. The price levels were stable in recent months.

Asia Pacific Crude

　In trade for July-loading condensate, US Chevron apparently consider selling Wheatstone. Chevron held one cargo for mid-July loading. Meanwhile, there were few active buyers in the market at present although refinery margins for naphtha slightly picked up. One trader in Singapore pointed out that many end-users were not keen on purchasing Australian condensates such as Wheatstone since crack spreads for petrochemical products were deteriorating. Under such circumstances, tradable levels might remain at discounts in the $9's to the $10's to Dated Brent.