SINGAPORE, March 25 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban rose on Tuesday after U.S. President Donald Trump's order threatening tariffs on countries buying oil or gas from Caracas created fresh uncertainty.
Trump's order, which caught traders and refiners in China by surprise, states that the U.S. may impose 25% tariffs on goods from any country importing Venezuelan oil, at the discretion of the secretary of state, starting on April 2.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 25 cents to $1.48 a barrel.
P66 declares a cargo of May Upper Zakum crude to Vitol following
PetroChina will deliver two May-loading Oman crude cargoes and two May-loading Murban crude cargoes to Vitol following the deals.
Reliance will deliver two May-loading Upper Zakum crude cargoes to Vitol, and one May-loading Upper Zakum crude to ADNOC following the deals.
SELLER-BUYER | PRICE ($/BBL) |
PHILLIPS 66-VITOL | 74.65 |
RELIANCE-VITOL | 74.65 |
PHILLIPS 66-VITOL | 74.65 |
RELIANCE-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
RELIANCE-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-ADNOC | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-ADNOC | 74.66 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-VITOL | 74.67 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.64 |
PETROCHINA-VITOL | 74.65 |
RELIANCE-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-VITOL | 74.67 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-VITOL | 74.67 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
BP-VITOL | 74.69 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
RELIANCE-VITOL | 74.68 |
PETROCHINA-VITOL | 74.65 |
RELIANCE-ADNOC | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PETROCHINA-VITOL | 74.65 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 74.44 | 73.51 |
GME OMAN DIFF TO DUBAI | 1.27 | 1.24 |
CASH DUBAI | 74.65 | 73.50 |
REFINERY
Japan's largest oil refiner, Eneos, said on Tuesday that it will gradually halt production of lubricants and some petroleum products at its Yokohama plant near Tokyo by March 2028, but will consider relocating lubricants output to other facilities.
NEWS
Shell SHEL.L on Tuesday pledged to return more cash to shareholders, mainly via buybacks, trimmed its investment budget through 2028 and raised the prospect of selling and closing some of its chemicals assets.
West Africa-focused oil and gas explorer Tullow Oil TLW.L swung back to profit last year, it said on Tuesday, largely helped by a reduction in impairments and asset revaluation gains.
European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of executives said at the Financial Times Commodities Global Summit in Lausanne on Monday.
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 Shailesh Kuber)
((siyi.liu@thomsonreuters.com;))
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