Middle East Crude-Benchmark premiums slide

Reuters2024-11-18
Middle East Crude-Benchmark premiums slide

SINGAPORE, Nov 18 (Reuters) - Middle East crude benchmark premiums for Oman, Dubai and Murban all trended lower on Monday.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 5 cents to $0.52 a barrel.

Trafigura will deliver a January-loading al-Shaheen crude cargo to Equinor following the deals.

SELLER-BUYER

PRICE ($/BBL)

TRAFIGURA-TOTAL

70.55

VITOL-GLENCORE

70.55

TRAFIGURA-HENGLI

70.55

PTT-PETROCHINA

70.55

PHILLIPS 66-EQUINOR

70.55

VITOL-TOTAL

70.55

VITOL-TOTAL

70.55

EXXONMOBIL-HENGLI

70.55

UNIPEC-TOTAL

70.52

VITOL-EQUINOR

70.55

UNIPEC-PETROCHINA

70.52

UNIPEC-TOTAL

70.52

UNIPEC-TOTAL

70.52

PHILLIPS 66-PETROCHINA

70.52

PTT-TOTAL

70.50

UNIPEC-TOTAL

70.52

TRAFIGURA-PETROCHINA

70.51

UNIPEC-GLENCORE

70.52

EXXONMOBIL-TOTAL

70.52

TRAFIGURA-PETROCHINA

70.51

PTT-TOTAL

70.51

UNIPEC-GLENCORE

70.52

SHENGHONG-PETROCHINA

70.51

TRAFIGURA-GLENCORE

70.51

TRAFIGURA-TOTAL

70.50

PTT-TOTAL

70.51

EXXONMOBIL-TOTAL

70.51

MITSUI-PETROCHINA

70.50

RELIANCE-TOTAL

70.51

SHENGHONG-GLENCORE

70.51

UNIPEC-TOTAL

70.51

EXXONMOBIL-GLENCORE

70.51

TRAFIGURA-EQUINOR

70.51

RELIANCE-TOTAL

70.51

PTT-TOTAL

70.50

PHILLIPS 66-PETROCHINA

70.50

UNIPEC-GLENCORE

70.51

EXXONMOBIL-TOTAL

70.51

SHENGHONG-GLENCORE

70.51

TRAFIGURA-GLENCORE

70.51

PRICES ($/BBL)

CURRENT

PREV SESSION

GME OMAN

70.50

70.72

GME OMAN DIFF TO DUBAI

0.52

0.56

CASH DUBAI

70.50

70.73

REFINERY

At least three Russian refineries had to halt processing or cut runs due to heavy losses amid export curbs, rising crude prices and high borrowing costs, according to five industry sources.

NEWS

President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy.

The founder of collapsed Singaporean oil trading firm Hin Leong Trading Pte Ltd was sentenced to 17-1/2 years in prison on Monday for cheating global bank HSBC HSBA.L and abetting forgery, local media reported.

China's refined fuel exports fell to an 18-month low in October, customs data showed on Monday, as weak export margins continued to weigh on shipments.

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 Tasim Zahid)

((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      
                       
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India     O/INDIA2   S.Korea O/KOREA1      
Indonesia O/INDO1-CRU         
                       
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Japan O/JAPAN1  US EIA/S  Europe O/EUROIL1      
                    
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OPEC output survey OPEC/O          New Africa fields    AFR/NEW 
New projects       ENERGY/NEW      New Americas  fields AM/NEW
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Global futures report   O/R      Technicals report    O/I      
                            
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For all Official Selling  Prices       OSP/O      
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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      
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All Asian crude oil  differentials     0#C-DIF-A
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