Middle East Crude-Benchmarks fall to three-week lows

Reuters2024-12-23

SINGAPORE, Dec 23 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban all dropped on Monday to a level of about a three-week low.

Taiwan's CPC bought three vessels or six million barrels of WTI Midland crude for March arrival, trade sources said on Monday.

Equnior, Chevron and ATC will each sell one vessel to CPC at a premium of low or middle $2 per barrel against February prices, they said.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 27 cents to $0.69 a barrel, the lowest since Nov.27.

Trafigura and P66 will both declare a February-loading Upper Zakum crude cargo to TotalEnergies following the deals.

SELLER-BUYER	PRICE ($/BBL)
TRAFIGURA-TOTAL	73.30
TRAFIGURA-TOTAL	73.30
TRAFIGURA-TOTAL	73.32
BP-TOTAL	73.33
MITSUI-TOTAL	73.31
TRAFIGURA-TOTAL	73.31
TRAFIGURA-TOTAL	73.32
PHILLIPS 66-TOTAL	73.32
VITOL-TOTAL	73.31
TRAFIGURA-TOTAL	73.32
EXXONMOBIL-TOTAL	73.31
MITSUI-TOTAL	73.31
EXXONMOBIL-TOTAL	73.31
EXXONMOBIL-TOTAL	73.31
BP-TOTAL	73.31
TRAFIGURA-TOTAL	73.30
BP-TOTAL	73.31
EXXONMOBIL-GLENCORE	73.29
TRAFIGURA-TOTAL	73.30
EXXONMOBIL-HENGLI	73.29
VITOL-TOTAL	73.31
TRAFIGURA-TOTAL	73.30
PHILLIPS 66-TOTAL	73.31
TRAFIGURA-TOTAL	73.30
BP-TOTAL	73.31
VITOL-TOTAL	73.31
TRAFIGURA-TOTAL	73.30
RELIANCE-TOTAL	73.31
PHILLIPS 66-TOTAL	73.31
VITOL-TOTAL	73.31
BP-TOTAL	73.32
TRAFIGURA-TOTAL	73.30
RELIANCE-TOTAL	73.31
VITOL-TOTAL	73.31
TRAFIGURA-TOTAL	73.30
VITOL-TOTAL	73.31
MITSUI-TOTAL	73.30
RELIANCE-TOTAL	73.31
EXXONMOBIL-TOTAL	73.30
VITOL-TOTAL	73.31
VITOL-TOTAL	73.31
TRAFIGURA-TOTAL	73.32
TRAFIGURA-TOTAL	73.31
TRAFIGURA-TOTAL	73.31
EQUINOR-TOTAL	73.31
TRAFIGURA-TOTAL	73.31
RELIANCE-TOTAL	73.32
EXXONMOBIL-TOTAL	73.31
TRAFIGURA-TOTAL	73.31
BP-TOTAL	73.31
PHILLIPS 66-TOTAL	73.32
TRAFIGURA-TOTAL	73.31
RELIANCE-TOTAL	73.32
VITOL-TOTAL	73.31
TRAFIGURA-TOTAL	73.31
UNIPEC-TOTAL	73.35
RELIANCE-TOTAL	73.32
VITOL-GLENCORE	73.34

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	73.26	72.63
GME OMAN DIFF TO DUBAI	0.63	0.95
CASH DUBAI	73.32	72.63

NEWS

U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.

Governments hunting for ways to aid Europe's struggling industries should take aim at the continent's high energy taxes, which are eroding competitiveness, the head of Europe's electricity lobby told Reuters.

China's CNOOC Limited 600938.SS said on Monday its Suizhong 36-2 oilfield 36-2 block development project has started production.

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      
                       
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 to three-week lows

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