SINGAPORE, June 21 (Reuters) - Vietnamese crude premiums fell...

SINGAPORE, June 21 (Reuters) - Vietnamese crude premiums fell further on Thursday with Chim Sao sold at lower levels as large arbitrage inflows and refinery maintenance in Australia and Malaysia reduced crude produced in the region, traders said.

VIETNAM: PV Oil sold three Chim Sao cargoes loading in August to BP and Unipec at $1.50-$2.50 a barrel above dated Brent, they said. The grade last traded at premiums of $2.50-$2.90 a barrel.

MALAYSIA: Kimanis crude spot premiums rose for cargoes loading in August versus the previous month as exports are set to fall, traders said. ConocoPhillips sold an August-loading Kimanis crude cargo via a tender at a premium of $3.70-$3.80 a barrel to dated Brent, traders said, versus $3.60 in the previous month. The deal could not be verified. More Malaysian and Indonesian grades have been offered in tenders to close by the end of this week.

RUSSIA: Spot premiums for Russian Sakhalin Blend crude are at their lowest this year after the margins for producing naphtha hit a two-month trough, trade sources said.

Sakhalin Energy has sold five cargoes loading in September to October at $2.80-$3.20 a barrel above Dubai quotes, they said, down from $3.70-$3.80 last month.

Cargoes loading between Sept. 5 and Sept. 11 and Sept. 20-26 were sold to term buyers from Japan and South Korea, while cargoes loading on Sept. 12-18, Sept. 27-Oct. 3, Oct. 3-9 were sold on a spot basis to buyers from South Korea and China.

Separately, ONGC has sold a Sokol cargo loading on Aug. 18-24 to SK Energy at $4.70 a barrel above Dubai quotes. This was likely the highest premium fetched for this grade this month.

BRENT-DUBAI EFS *Brent's premium to Dubai swaps DUB-EFS-1M was at $3.50 per barrel, down 43 cents for August.

TENDERS

 COUNTRY/COMPANY	 GRADE		  VOL	   CLOSE  (VALID)	 LOADING DATE 
 **MALAYSIA/PETRONA  Bentara	  150KB	 June 22 (June 25)  Aug 15-19 
 S																

 VIETNAM/PETRONAS	Bunga Orkid  300KB	 June 22 (June 25)  Aug 9-15 
 **INDONESIA/EXXON   Banyu Urip   300 or	June 22 (June 22)  Aug 23-25 

									600KB						 
 MALAYSIA/PETRONAS   Muda		 300KB	 June 21 (June 22)  Aug 13-19 
					 condensate								   
 MALAYSIA/PETROLEUM  Kimanis	  600KB	 June 21			Aug 17-21 
 BRUNEI														   

 VIETNAM/PV OIL	  Chim Sao	 3*300KB   June 14 (June 21)  Aug 1-5, 
																 10-14, 20-24 
 MALAYSIA/CONOCOPHI  Kimanis	  600KB	 June 20			Aug 10-14 
 LLIPS															

 BAHRAIN/BAPCO	   Banoco AM	500KB	 June 14 (June 18)  Aug  
 TENDERS AWARD																  

 COUNTRY/COMPANY	 GRADE		  VOL	   COUNTERPARTY/PRIC  LOADING DATE 
											  E				   
 *RUSSIA/SAKHALIN	Sakhalin	 5*500KB   China, South	   Sept 5-11, 
 ENERGY			  Blend					Korea, Japan	   12-18, 20-26, 
											  Dubai +$2.8-$3.2   Sept 27-Oct 3, 
																 Oct 3-9 
 *RUSSIA/ONGC		Sokol		700KB	 SK Energy Dubai	Aug 18-24 
											  +$4.7			   
	NEWS 

Iran signalled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production.

Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.

OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon. But while OPEC can sell more oil to China as a result of import tariffs on U.S. crude, in the long term the trade dispute could hit economic growth and oil demand, OPEC officials and oil executives said.

Australia's largest supermarket operator Woolworths Group Ltd cancelled a A$1.8 billion ($1.3 billion) sale of its petrol stations to BP Plc BP.L on Thursday, after it was blocked by Australia's antitrust regulator.

Venezuelan PDVSA's oil exports fell 32 percent in the first half of June compared with May, according to internal trade reports from the state-run company, as deepening output declines and seizures of some Caribbean assets disrupted crude and fuel shipments.

Nexen Energy, a unit of China's CNOOC Ltd, said on Wednesday that it would move ahead with the construction of its C$400 million ($300.5 million) Long Lake Southwest expansion project in northern Alberta.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

	Brent					 BRENTSGMc1  
	Dubai					 DUBSGSWMc2  
	Brent/Dubai EFS		   DUB-EFS-1M  
	 
	PRODUCT CRACKS 

	Fuel oil crack			FO180SGCKMc1  
	Gasoil crack			  GOSGCKMc1  
	Naphtha crack			 NAFOBSGCKMc1   
	Complex refining margins  REF/MARGIN1 

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