Middle East Crude-Oman and Dubai slides, Murban up

Reuters11-26
Middle East Crude-Oman and Dubai slides, Murban up

SINGAPORE, Nov 26 (Reuters) - Middle East crude benchmark spot premiums for Oman and Dubai slid on Tuesday, while that for Murban rose.

Dubai has set its official selling price for February 2025 crude oil at the average of GME Oman marker prices in December 2024, its Department of Petroleum Affairs said on Tuesday.

Taiwan's Formosa Petchem bought a rare Brazilian crude oil cargo via tender, trade sources said on Tuesday.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 6 cents to $0.77 a barrel.

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

ExxonMobil will deliver a January-loading Upper Zakum crude cargo to TotalEnergies following the deals.

Reliance will deliver a January-loading Upper Zakum crude cargo to PetroChina following the deals.

SELLER-BUYER

PRICE ($/BBL)

EXXONMOBIL-TOTAL

72.50

EXXONMOBIL-TOTAL

72.50

EXXONMOBIL-TOTAL

72.50

TRAFIGURA-TOTAL

72.54

EXXONMOBIL-TOTAL

72.50

TRAFIGURA-TOTAL

72.54

EXXONMOBIL-TOTAL

72.50

TRAFIGURA-TOTAL

72.54

EXXONMOBIL-TOTAL

72.50

TRAFIGURA-TOTAL

72.54

EXXONMOBIL-PHILLIPS 66

72.50

TRAFIGURA-TOTAL

72.54

EXXONMOBIL-TOTAL

72.50

TRAFIGURA-TOTAL

72.54

EXXONMOBIL-TOTAL

72.50

EXXONMOBIL-TOTAL

72.50

EXXONMOBIL-PHILLIPS 66

72.50

EXXONMOBIL-TOTAL

72.50

RELIANCE-PETROCHINA

72.45

EXXONMOBIL-TOTAL

72.50

VITOL-TOTAL

72.50

VITOL-TOTAL

72.50

RELIANCE-TOTAL

72.50

VITOL-TOTAL

72.50

UNIPEC-TOTAL

72.50

UNIPEC-TOTAL

72.50

RELIANCE-PETROCHINA

72.50

TRAFIGURA-PHILLIPS 66

72.52

EXXONMOBIL-TOTAL

72.50

UNIPEC-TOTAL

72.50

TRAFIGURA-PHILLIPS 66

72.51

TRAFIGURA-TOTAL

72.50

EXXONMOBIL-PHILLIPS 66

72.52

UNIPEC-PETROCHINA

72.50

UNIPEC-EQUINOR

72.50

UNIPEC-TOTAL

72.50

UNIPEC-TOTAL

72.49

UNIPEC-TOTAL

72.50

EXXONMOBIL-PHILLIPS 66

72.52

UNIPEC-PETROCHINA

72.50

UNIPEC-EQUINOR

72.50

UNIPEC-TOTAL

72.50

EXXONMOBIL-PHILLIPS 66

72.52

PRICES ($/BBL)

CURRENT

PREV SESSION

GME OMAN

72.45

73.45

GME OMAN DIFF TO DUBAI

0.72

0.83

CASH DUBAI

72.50

73.54

NEWS

China's state energy group CNPC aims to produce 1.7 million metric tons of shale oil, or 12.4 million barrels, next year at a pilot project in northwest Xinjiang region, state news agency Xinhua reported on Tuesday.

The supply of oil and gas will be plentiful, with oil markets being "comfortable" this year and next unless a major geopolitical escalation happens, the head of the International Energy Agency $(IEA)$ Fatih Birol told a conference in Norway on Tuesday.

OPEC+ may consider leaving its current oil output cuts in place from Jan. 1 at its next meeting on Sunday, Azerbaijan's Energy Minister Parviz Shahbazov told Reuters, as the group had already postponed hikes amid demand worries.

Court advisers have billed nearly $30 million for a stalled auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, raising the ire of creditors that have waited years to get compensation.

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 Shreya Biswas)

((siyi.liu@thomsonreuters.com;))

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Asia ACRU/T  Europe CRU/T Americas CRU/TU
      
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Asia REF/A   Middle East REF/ME   Europe REF/E      
                       
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OPEC output survey OPEC/O          New Africa fields    AFR/NEW 
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For all Official Selling  Prices       OSP/O      
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TOCOM crude oil  futures               0#JCO:      
Dubai, Oman swaps and  spread          ASIA/SWAP/CRUDE      
Middle East physical crude diffs       CRUDE/ASIA2      
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