SINGAPORE, April 16 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban edged up for a third consecutive session, as a sharp drop in oil prices buoyed demand from Asia.
A rising supply outlook and bleak demand expectation exacerbated by U.S.-China tariffs war have sent global oil prices plunging in recent weeks.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 15 cents to $1.90 a barrel.
PetroChina will deliver a June-loading Murban crude cargo to TotalEnergies following the deals.
SELLER-BUYER | PRICE ($/BBL) |
PETROCHINA-VITOL | 66.05 |
PETROCHINA-VITOL | 66.15 |
HENGLI-VITOL | 66.20 |
PHILLIPS 66-VITOL | 66.25 |
PETROCHINA-VITOL | 66.28 |
PETROCHINA-VITOL | 66.28 |
UNIPEC-VITOL | 66.30 |
BP-VITOL | 66.40 |
PETROCHINA-GUNVOR | 66.45 |
RELIANCE-GUNVOR | 66.66 |
PETROCHINA-VITOL | 66.80 |
RELIANCE-VITOL | 66.81 |
PETROCHINA-VITOL | 66.80 |
PETROCHINA-VITOL | 66.80 |
PETROCHINA-VITOL | 66.80 |
PETROCHINA-TOTAL | 66.80 |
PETROCHINA-VITOL | 66.80 |
PETROCHINA-VITOL | 66.80 |
PETROCHINA-VITOL | 66.80 |
PETROCHINA-VITOL | 66.65 |
PETROCHINA-GUNVOR | 66.50 |
PETROCHINA-VITOL | 66.65 |
PETROCHINA-VITOL | 66.65 |
RELIANCE-VITOL | 66.65 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 66.72 | 66.57 |
GME OMAN DIFF TO DUBAI | 1.97 | 1.77 |
CASH DUBAI | 66.65 | 66.55 |
NEWS
The Organization of the Petroleum Exporting Countries (OPEC) has received updated oil output compensation plans from eight countries that have exceeded voluntary production quotas within the OPEC+ group, it said on Wednesday.
A consortium led by U.S. oil major Exxon Mobil XOM.N is about to begin installing its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.
Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy minister Bahlil Lahadalia told local media on Tuesday.
For crude prices, oil product cracks and refining margins, please click on the RICs below.
Brent | BRENTSGMc1 |
Dubai | DUBSGSWMc2 |
GME Oman | OQc1 |
Brent/Dubai EFS | DUB-EFS-1M |
PRODUCT CRACKS | |
Fuel oil crack | FO180SGCKMc1 |
Gasoil crack | GO10SGCKMc1 |
Naphtha crack | NAF-SIN-CRK |
Gasoline crack | GL92-SIN-CRK |
Complex refining margins | REF/MARGIN1 |
(Reporting by Siyi Liu in Singapore; Editing by Shilpi Majumdar)
((siyi.liu@thomsonreuters.com))
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