SINGAPORE, May 19 (Reuters) - Middle East crude benchmark spot premiums Oman, Murban and Dubai nudged down on Monday after a weekly decline and are now at their lowest in about two weeks under OPEC+ output hike.
Oil slipped on Monday, weighed by Moody's downgrade of the U.S. sovereign credit rating and official data that showed slowing growth in China's industrial output and retail sales.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps fell 11 cents to $1.04 a barrel.
Vitol will deliver a July-loading Murban crude cargo to PetroChina following the deals.
SELLER-BUYER | PRICE ($/BBL) |
NPI-PETROCHINA | 64.30 |
VITOL-PETROCHINA | 64.30 |
TOTAL-PETROCHINA | 64.30 |
NPI-PETROCHINA | 64.30 |
VITOL-PETROCHINA | 64.30 |
TOTAL-PETROCHINA | 64.30 |
NPI-PETROCHINA | 64.30 |
VITOL-PETROCHINA | 64.30 |
VITOL-PETROCHINA | 64.30 |
VITOL-PETROCHINA | 64.30 |
NPI-TRAFIGURA | 64.30 |
EXXONMOBIL-MITSUI | 64.30 |
TOTAL-PETROCHINA | 64.30 |
VITOL-TRAFIGURA | 64.30 |
NPI-PETROCHINA | 64.30 |
PTT-TRAFIGURA | 64.20 |
VITOL-MITSUI | 64.30 |
EXXONMOBIL-PETROCHINA | 64.30 |
VITOL-TRAFIGURA | 64.30 |
TOTAL-PETROCHINA | 64.30 |
VITOL-PETROCHINA | 64.30 |
EXXONMOBIL-MITSUI | 64.30 |
VITOL-PETROCHINA | 64.30 |
VITOL-TRAFIGURA | 64.30 |
VITOL-PETROCHINA | 64.30 |
EXXONMOBIL-MITSUI | 64.30 |
PTT-TRAFIGURA | 64.30 |
GUNVOR-PETROCHINA | 64.30 |
VITOL-MITSUI | 64.30 |
EXXONMOBIL-TRAFIGURA | 64.30 |
NPI-MITSUI | 64.26 |
VITOL-PETROCHINA | 64.26 |
NPI-PETROCHINA | 64.26 |
TOTAL-MITSUI | 64.26 |
VITOL-PETROCHINA | 64.26 |
PHILLIPS 66-PETROCHINA | 64.29 |
NPI-PETROCHINA | 64.26 |
VITOL-PETROCHINA | 64.26 |
TOTAL-PTT | 64.26 |
GUNVOR-PETROCHINA | 64.30 |
VITOL-MITSUI | 64.26 |
PTT-PETROCHINA | 64.30 |
EXXONMOBIL-PETROCHINA | 64.26 |
VITOL-PETROCHINA | 64.26 |
RELIANCE-PETROCHINA | 64.30 |
VITOL-MITSUI | 64.26 |
NPI-TRAFIGURA | 64.25 |
TOTAL-PETROCHINA | 64.29 |
EXXONMOBIL-PETROCHINA | 64.26 |
GUNVOR-PETROCHINA | 64.30 |
VITOL-PETROCHINA | 64.26 |
VITOL-PETROCHINA | 64.26 |
TOTAL-PETROCHINA | 64.29 |
RELIANCE-PETROCHINA | 64.30 |
PHILLIPS 66-PETROCHINA | 64.31 |
EXXONMOBIL-MITSUI | 64.26 |
VITOL-PETROCHINA | 64.26 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 64.35 | 63.84 |
GME OMAN DIFF TO DUBAI | 1.13 | 1.2 |
CASH DUBAI | 64.26 | 63.79 |
NEWS
China's crude oil throughput fell in April from a year earlier, official data showed on Monday, due to maintenance at state-owned refineries and as independent plants curbed output amid poor margins.
Goldman Sachs said on Sunday it is retaining a cautious outlook on oil prices, as pressure from likely elevated Iranian supply and higher OECD commercial inventories will offset support from stronger global GDP growth.
Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding it had alerted NATO allies to the incident.
Several petrochemical producers in Asia plan to reconfigure their crackers to process more ethane to reduce costs and capitalise on rising U.S. supplies as they face thin margins and global oversupply, company executives said.
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 Leroy Leo)
((siyi.liu@thomsonreuters.com))
RECENT CRUDE OIL TRADES: Asia ACRU/T Europe CRU/T Americas CRU/TU CRUDE OIL MARKET NEWS Crude oil tenders in Asia CRU/TENDA Crude oil supply outages in Asia CRU/OUT-ASIA-O Refinery outages in Asia REF/OUT-ASIA-O Global arbitrage news and flows O/CRUDEARB W.African crude imports to Asia, monthly O/WAFRICA1 REFINERY MAINTENANCE DIARIES Asia REF/A Middle East REF/ME Europe REF/E NATIONAL CRUDE IMPORT DATA Japan METI/JP1 China O/CHINA1 India O/INDIA2 S.Korea O/KOREA1 Indonesia O/INDO1-CRU CRUDE OIL INVENTORY DATA Japan O/JAPAN1 US EIA/S Europe O/EUROIL1 CRUDE OIL PRODUCTION/OILFIELD NEWS OPEC output survey OPEC/O New Africa fields AFR/NEW New projects ENERGY/NEW New Americas fields AM/NEW CRUDE OIL MARKET REPORTS Middle East CRU/MAsia-Pacific CRU/AP West Africa CRU/WAF North Sea CRU/E Asia outlook ASIA/CRU Europe outlook EUR/CRU Global futures report O/R Technicals report O/I PRICES For all Official Selling Prices OSP/O For a POLL on oil prices O/POLL NYMEX and ICE oil futures OILOIL TOCOM crude oil futures 0#JCO: Dubai, Oman swaps and spread ASIA/SWAP/CRUDE Middle East physical crude diffs CRUDE/ASIA2 Australia physical crude, Tapis swaps CRUDE/ASIA1 Asia-Pacific physical crude CRUDE/ASIA3 All Asian crude oil differentials 0#C-DIF-A All Asian crude oil outright prices 0#C-A
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.