Malaysia’s Kimanis crude supplies to drop in Dec

SINGAPORE: Malaysia’s exports of Kimanis crude oil are expected to drop to 10 cargoes in December, from 11 in the previous month, industry sources said on Wednesday.

Robust demand for crude in Asia and pending United States sanctions on Iranian crude are expected to support premiums

Malaysia’s Petronas will be allocated four cargoes,while Royal Dutch Shell will have three cargoes to market, one of the sources said.

PetroBrunei, ConocoPhillips and Murphy Oil will each have a cargo, the source added.

Seller Grade Volume (KB)

Shell Kimanis 600 Dec 2-6

Petronas Kimanis 600 Dec 5-9

PetroBrunei Kimanis 600 Dec 8-12

Shell Kimanis 600 Dec 14-18

ConocoPhillips Kimanis 600 Dec 17-21

Petronas Kimanis 600 Dec 20-24

Murphy Oil Kimanis 600 Dec 23-27

Shell Kimanis 600 Dec 26-30

Petronas Kimanis 600 Dec 29-Jan 2
– Reuters

Source: TheStar