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Asia Pacific Sweet Crude Daily Market Analysis / Sep-loading Ichthys Field, Wheatstone condensate moves / Sep arrival Alba condensate moves / Initial trade details surface for Sep-loading Kimanis crude / The Asia-Pacific regional market on July 17 saw further movements across the crude and / condensate complex as the trading week inched to a close. In the regional condensate / Australian Ichthys Field condensate cargo scheduled to load over Sept. 21-25 to a trading / moved its Equatorial Guinea Alba condensate scheduled for September arrival, while / Australia’s Woodside Energy was also heard to have sold its early September-loading / Wheatstone condensate cargo, according to several trade sources. In the medium-sweet / crude complex, initial trade details surfaced as Brunei Energy was heard to have sold its / The second-month gasoil and jet fuel swap cracks averaged $48.41/b and $48.89/b, / June. Meanwhile, Caspian crude exporters are showing growing interest in Black Sea export / to Germany’s PCK Schwedt refinery via Druzhba were also suspended in May, prompting / Kazakhstan to redirect volumes to Ust-Luga and CPC. India’s move to raise export taxes on / opportunities amid renewed concerns about crude and product flows from the Middle East, / analysts and market sources said July 17. However, they said that the revision — normally / from Rupees 7.50/liter. By contrast, the export duty on gasoline was lowered to Rupees / Asia Light Sweet Crude Daily Rationale & Exclusions / ESPO FOB Kozmino Mo01 Spore vs Dubai Mo01 <AASEU00> assessment rationale: The ESPO

Asia Pacific Sweet Crude Daily Market Analysis / Sep-loading Ichthys Field, Wheatstone condensate moves / Sep arrival Alba condensate moves / Initial trade details surface for Sep-loading Kimanis crude / The Asia-Pacific regional market on July 17 saw further movements across the crude and / condensate complex as the trading week inched to a close. In the regional condensate / Australian Ichthys Field condensate cargo scheduled to load over Sept. 21-25 to a trading / moved its Equatorial Guinea Alba condensate scheduled for September arrival, while / Australia’s Woodside Energy was also heard to have sold its early September-loading / Wheatstone condensate cargo, according to several trade sources. In the medium-sweet / crude complex, initial trade details surfaced as Brunei Energy was heard to have sold its / The second-month gasoil and jet fuel swap cracks averaged $48.41/b and $48.89/b, / June. Meanwhile, Caspian crude exporters are showing growing interest in Black Sea export / to Germany’s PCK Schwedt refinery via Druzhba were also suspended in May, prompting / Kazakhstan to redirect volumes to Ust-Luga and CPC. India’s move to raise export taxes on / opportunities amid renewed concerns about crude and product flows from the Middle East, / analysts and market sources said July 17. However, they said that the revision — normally / from Rupees 7.50/liter. By contrast, the export duty on gasoline was lowered to Rupees / Asia Light Sweet Crude Daily Rationale & Exclusions / ESPO FOB Kozmino Mo01 Spore vs Dubai Mo01 <AASEU00> assessment rationale: The ESPO

Jul 20, 2026

complex, initial trade details surfaced as France’s TotalEnergies was heard to have sold its house, with initial trade levels heard at premiums in the $3s/b against the Dated Brent crude assessment, FOB, several trade sources said. Additionally, ConocoPhillips was heard to have Kimanis crude scheduled to load over Sept. 16-20 to an Australian refiner, with initial trade levels heard above $3/b against Malaysian crude oil official selling prices, trade sources said. respectively, at the July 17 Asian close, compared with averages of $42.57/b and $42.86/b in routes as regional producers assess options beyond established pipeline systems, according to market participants and speakers at the Batumi 2026 Industry Summit in Batumi, Georgia. “The Middle Corridor is fundamentally a routediversification story,” Salome Danelia, strategic commercial manager at Hegelmann Multimodal, said during a...

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