Middle East Crude-Benchmark premiums tick up

Reuters12-19

SINGAPORE, Dec 19 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban all rose on Thursday.

Oil prices wobbled on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth, reduce fuel demand and strengthen the dollar.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose 3 cents to $0.97 a barrel.

Exxon, PetroChina and Equinor will all deliver a February-loading Upper Zakum crude cargo to Total following the deals.

Trafigura and Vito will both deliver a February-loading Oman crude cargo to Total following the deals.

SELLER-BUYER	PRICE ($/BBL)
VITOL-TOTAL	72.85
EXXONMOBIL-HENGLI	72.80
EXXONMOBIL-TOTAL	72.85
PETROCHINA-TOTAL	72.85
PHILLIPS 66-TOTAL	72.85
TRAFIGURA-TOTAL	72.85
EXXONMOBIL-HENGLI	72.80
VITOL-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-GLENCORE	72.79
VITOL-MERCURIA	72.79
VITOL-HENGLI	72.80
VITOL-GLENCORE	72.79
EQUINOR-TOTAL	72.80
VITOL-MITSUI	72.75
EQUINOR-TOTAL	72.85
TRAFIGURA-TOTAL	72.85
PETROCHINA-TOTAL	72.85
PETROCHINA-MERCURIA	72.79
RELIANCE-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-TOTAL	72.85
TRAFIGURA-TOTAL	72.85
VITOL-GLENCORE	72.79
EXXONMOBIL-TOTAL	72.85
PETROCHINA-TOTAL	72.86
UNIPEC-TOTAL	72.86
TRAFIGURA-TOTAL	72.85
EXXONMOBIL-TOTAL	72.85
PETROCHINA-TOTAL	72.86
UNIPEC-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-TOTAL	72.84
EXXONMOBIL-TOTAL	72.85
BP-TOTAL	72.85
PETROCHINA-TOTAL	72.85
VITOL-TOTAL	72.85
VITOL-TOTAL	72.85
PETROCHINA-TOTAL	72.85
RELIANCE-TOTAL	72.85
RELIANCE-TOTAL	72.85
PETROCHINA-TOTAL	72.85
VITOL-TOTAL	72.85
EXXONMOBIL-TOTAL	72.85
PETROCHINA-TOTAL	72.85
VITOL-TOTAL	72.85
RELIANCE-TOTAL	72.85
PETROCHINA-TOTAL	72.85
VITOL-TOTAL	72.85
UNIPEC-TOTAL	72.84
RELIANCE-TOTAL	72.85
PETROCHINA-TOTAL	72.85
VITOL-TOTAL	72.85
UNIPEC-TOTAL	72.85
PETROCHINA-TOTAL	72.85
VITOL-MITSUI	72.85
PETROCHINA-TOTAL	72.85
UNIPEC-TOTAL	72.85
PETROCHINA-MITSUI	72.85
PETROCHINA-TOTAL	72.85
VITOL-MITSUI	72.85
EXXONMOBIL-GLENCORE	72.84
EXXONMOBIL-TOTAL	72.84
UNIPEC-TOTAL	72.85
TRAFIGURA-TOTAL	72.88
EXXONMOBIL-MITSUI	72.85
VITOL-TOTAL	72.85
PETROCHINA-TOTAL	72.85
UNIPEC-MITSUI	72.85
PHILLIPS 66-TOTAL	72.90
PETROCHINA-TOTAL	72.86
VITOL-TOTAL	72.85
UNIPEC-MITSUI	72.85
EXXONMOBIL-TOTAL	72.85
EXXONMOBIL-TOTAL	72.86
UNIPEC-TOTAL	72.85
RELIANCE-HENGLI	72.84
VITOL-MITSUI	72.85
PETROCHINA-TOTAL	72.86
UNIPEC-TOTAL	72.86
RELIANCE-TOTAL	72.85
VITOL-TOTAL	72.85
PETROCHINA-TOTAL	72.86
UNIPEC-TOTAL	72.86
UNIPEC-TOTAL	72.86
VITOL-TOTAL	72.85
PETROCHINA-MERCURIA	72.86
UNIPEC-TOTAL	72.86

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	72.83	73.57
GME OMAN DIFF TO DUBAI	0.94	0.91
CASH DUBAI	72.86	73.60

REFINERY

Sinopec's 600028.SS Zhenhai refinery has completed its expansion of oil refining capacity to 40 million metric tons, or about 800,000 barrels per day (bpd).

NEWS

China's oil consumption is set to peak by 2027, state refining giant Sinopec said on Thursday, as diesel and gasoline demand weaken in the world's biggest oil importer, a slowdown that has rattled global oil markets this year.

U.S. crude and distillate inventories fell in the week ending Dec. 13 as exports surged, while gasoline stockpiles rose, the Energy Information Administration $(EIA)$ said on Wednesday.

Oil operators in North Dakota, the third-largest producing state in the U.S., are still bringing some facilities back online after wildfires swept through key oil-producing counties in October, the state's Industrial Commission said on Wednesday.

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 Varun H K)

((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-Benchmark premiums tick up

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