India's Essar Oil has offered 25,000 tons of naphtha for July 29 to Aug. 2 loading from the port of Vadinar in Gujarat, as per Reuters. Recently the company sold 18,000 tons for the H1-July to Total at premium of about US$14/ton to Middle East quotes on a free-on-board (FOB) basis. Essar Oil usually sells a full medium-range vessel size cargo of 30,000-35,000 tons a month, but stronger demand for gasoline could have prompted the significant reduction in its parcel size for first-half July loading.
Bharat Petroleum Corp Ltd (BPCL) has also 35,000 tons of naphtha for Aug. 10-12 loading from Mumbai.
04-Jul-12 
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