Middle East Crude-Benchmarks fall as oil market set for weekly loss

Reuters11-29

SINGAPORE, Nov 29 (Reuters) - Middle East crude benchmark spot premiums for Oman, Dubai and Murban all slid on Friday as oil prices were poised for a weekly loss.

Oil was heading for a weekly drop of more than 3%, pressured by easing concerns over supply risks from the Israel-Hezbollah conflict and the prospect of more ample supplies in 2025, even as OPEC+ is expected to extend output cuts. O/R

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 34 cents to $0.55 a barrel.

Vitol will declare a January-delivery Oman crude cargo to TotalEnergies following the deals.

For this month, Total bought 31 cargoes, or 15.5 million barrels.

SELLER-BUYER	PRICE ($/BBL)
VITOL-GLENCORE	72.25
VITOL-SHENGHONG	72.25
VITOL-HENGLI	72.25
VITOL-EQUINOR	72.25
VITOL-TOTAL	72.20
VITOL-HENGLI	72.25
VITOL-SHENGHONG	72.25
VITOL-EQUINOR	72.25
VITOL-TOTAL	72.30
VITOL-TOTAL	72.30
VITOL-TOTAL	72.30
VITOL-TOTAL	72.30
VITOL-GLENCORE	72.30
VITOL-HENGLI	72.30
VITOL-GLENCORE	72.30
VITOL-TOTAL	72.40
VITOL-GLENCORE	72.30
PTT-TOTAL	72.40
VITOL-HENGLI	72.40
VITOL-PETROCHINA	72.30
VITOL-HENGLI	72.30
VITOL-GLENCORE	72.30
VITOL-TOTAL	72.35
PTT-TOTAL	72.35
VITOL-PETROCHINA	72.30
VITOL-HENGLI	72.30
RELIANCE-EQUINOR	72.35
VITOL-TOTAL	72.35
PTT-TOTAL	72.35
VITOL-HENGLI	72.35
RELIANCE-TOTAL	72.35
PTT-EQUINOR	72.35
UNIPEC-TOTAL	72.40
RELIANCE-HENGLI	72.35
PTT-TOTAL	72.35
VITOL-PETROCHINA	72.32
VITOL-TOTAL	72.35
UNIPEC-EQUINOR	72.30
PTT-EQUINOR	72.35
UNIPEC-EQUINOR	72.40
RELIANCE-HENGLI	72.35
PTT-TOTAL	72.35
RELIANCE-HENGLI	72.35
VITOL-TOTAL	72.35
PTT-EQUINOR	72.35
RELIANCE-TOTAL	72.35
VITOL-EQUINOR	72.35
PTT-TOTAL	72.35
VITOL-PETROCHINA	72.35
RELIANCE-GLENCORE	72.35
VITOL-EQUINOR	72.35
PTT-PETROCHINA	72.35
VITOL-HENGLI	72.34
VITOL-EQUINOR	72.35
RELIANCE-EQUINOR	72.35
PTT-EQUINOR	72.35
VITOL-EQUINOR	72.35
UNIPEC-PETROCHINA	72.36
VITOL-HENGLI	72.34
RELIANCE-EQUINOR	72.35
VITOL-PETROCHINA	72.35

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	71.16	70.67
GME OMAN DIFF TO DUBAI	-0.64	-0.29
CASH DUBAI	72.35	71.85

NEWS

Ottawa must ensure the Trump administration understands how interrelated energy markets are in the United States and Canada, a Canadian government minister said on Thursday, commenting on President-elect Donald Trump's vow to impose a 25% tariff on imports from the country.

Ukraine's military said on Friday it had struck the Atlas oil depot in Russia's Rostov region overnight, causing a fire.

Mexican President Claudia Sheinbaum said on Thursday that the debt burden accumulated by state energy company Pemex with suppliers would be reviewed and various payment mechanisms are being studied and refined.

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;))

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

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Middle East Crude-Benchmarks fall as oil market set for weekly loss

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