SINGAPORE - Middle East crude benchmarks Oman and Dubai eased for a fifth consecutive session on Monday as trade on the Platts window waned.
Qatar Energy has sold one March-loading low-sulphur condensate (LSC) cargo to Unipec at a premium of about $4 a barrel to Dubai quotes via a tender, traders said.
ASIA-PACIFIC CRUDE
Spot premiums for Asia-Pacific grades rose to their highest levels in months amid tight supplies.
PV Oil has sold a March-loading Ruby crude cargo to PTT at a premium of $4.70-$4.80 a barrel to dated Brent, traders said. Petronas sold a Labuan crude cargo loading at the end of March at a premium of $6.50-$7 a barrel, they added.
REFINERY
Japan's biggest oil refiner, Eneos Holdings Inc, expects to keep its refinery run rate at between 70% and 80% for a while as fuel demand remains on a recovery trend, its chairman said on Monday.
Africa's richest man Aliko Dangote expects his oil refinery project in Lagos, Nigeria, to begin production by the end of the third quarter and reach full capacity by early 2023, ThisDay newspaper reported on Monday.
NEWS
The United Arab Emirates intercepted and destroyed two Houthi ballistic missiles targeting the Gulf country on Monday with no casualties, its defence ministry said, following a deadly attack a week earlier.
Iraq has already scheduled some oil shipments for loading in March due to projections of strong demand, Ali Nizar, deputy head of Iraq's State Organization for Marketing of Oil (SOMO), told reporters on Sunday.
Energy group Eni is looking to list its Norwegian oil and gas joint venture Vaar Energi as part of its plan to fund its own shift away from fossil fuels into cleaner businesses, the Italian company said on Monday.
South Korea's LG Chem Ltd and rival Lotte Chemical are expected to shut their respective naphtha crackers, both in the Korean city of Yeosu, for scheduled maintenance this year, industry sources said.
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(Reporting by Florence Tan; Editing by Shailesh Kuber) ((Florence.Tan@thomsonreuters.com; Reuters Messaging: florence.tan.thomsonreuters.com@reuters.net))
