Middle East Crude-Benchmarks weaken as prospect of Russia-Ukraine peace deal broadens

Reuters12-16
Middle East Crude-Benchmarks weaken as prospect of Russia-Ukraine peace deal broadens

SINGAPORE, Dec 16 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban fell on Tuesday, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions.

The U.S. offered to provide NATO-style security guarantees for Kyiv and European negotiators reported progress in talks on Monday to end Russia's war in Ukraine, an unprecedented step that sparked optimism that talks were drawing closer to negotiating an end to the conflict. However, a deal on territorial concessions remained elusive.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 20 cents to 35 cents a barrel.

SELLER-BUYER

PRICE ($/BBL)

BP-GLENCORE

60.00

BP-GLENCORE

60.00

UNIPEC-GLENCORE

60.00

CHEVRON-GLENCORE

60.00

RELIANCE-GLENCORE

60.00

EQUINOR-GLENCORE

60.00

TRAFIGURA-TOTAL

59.90

EQUINOR-GLENCORE

60.00

EXXONMOBIL-GLENCORE

59.99

SINOCHEM-GLENCORE

59.95

RELIANCE-GLENCORE

59.95

EQUINOR-GLENCORE

59.95

TRAFIGURA-GLENCORE

59.95

EQUINOR-GLENCORE

59.95

EXXONMOBIL-GLENCORE

59.95

TRAFIGURA-GLENCORE

59.95

EXXONMOBIL-GLENCORE

59.95

EXXONMOBIL-GLENCORE

59.95

EXXONMOBIL-GLENCORE

59.95

UNIPEC-GLENCORE

59.96

HENGLI-GLENCORE

59.95

EXXONMOBIL-GLENCORE

59.95

EQUINOR-GLENCORE

59.94

SINOCHEM-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

TRAFIGURA-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

TRAFIGURA-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

HENGLI-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

EXXONMOBIL-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EXXONMOBIL-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EXXONMOBIL-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EQUINOR-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

TRAFIGURA-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EXXONMOBIL-GLENCORE

59.94

UNIPEC-GLENCORE

59.94

EXXONMOBIL-GLENCORE

59.94

BP-TOTAL

59.90

PRICES ($/BBL)

CURRENT

PREV SESSION

GME OMAN

60.03

61.33

GME OMAN DIFF TO DUBAI

0.48

0.63

CASH DUBAI

59.90

61.25

NEWS

Venezuela's state-run oil company PDVSA has been subject to a cyberattack, it said on Monday, adding its operations were unaffected, even though four sources said systems remained down and oil cargo deliveries were suspended.

Shell's SHEL.L chief of mergers Greg Gut left the oil major after Chief Executive Wael Sawan and other top executives blocked an internal proposal to buy rival BP BP.L this year, the Financial Times said on Tuesday.

The U.S. Treasury has rejected an offer from a group led by U.S. bank Xtellus Partners for the foreign assets of Russian oil company Lukoil LKOH.MM, four people close to the matter told Reuters.

Russia and Pakistan are in talks on a potential oil-sector agreement, Pakistan’s Finance Minister Muhammad Aurangzeb told RIA news agency in remarks published on Tuesday.

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 Eileen Soreng)

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

RECENT CRUDE OIL TRADES:
Asia ACRU/T  Europe CRU/T Americas CRU/TU
      
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W.African crude imports to Asia,  monthly       O/WAFRICA1      
REFINERY MAINTENANCE DIARIES      
Asia REF/A   Middle East REF/ME   Europe REF/E      
                       
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Indonesia O/INDO1-CRU         
                       
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Japan O/JAPAN1  US EIA/S  Europe O/EUROIL1      
                    
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OPEC output survey OPEC/O          New Africa fields    AFR/NEW 
New projects       ENERGY/NEW      New Americas  fields AM/NEW
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Global futures report   O/R      Technicals report    O/I      
                            
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For all Official Selling  Prices       OSP/O      
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NYMEX and ICE oil  futures             OILOIL      
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Dubai, Oman swaps and  spread          ASIA/SWAP/CRUDE      
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All Asian crude oil  differentials     0#C-DIF-A
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