Middle East Crude-Benchmarks steady amid Venezuelan oil export disruptions

Reuters12-22 18:00
Middle East Crude-Benchmarks steady amid Venezuelan oil export disruptions

SINGAPORE, Dec 22 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban held steady on Monday, after weekly gains and with Venezuelan oil export disruptions.

On Saturday, the U.S. Coast Guard intercepted a second oil tanker in international waters off the Venezuelan coast, days after President Donald Trump announced a "blockade" of all sanctioned oil tankers entering and leaving Venezuela.

The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told Reuters on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.

Oil prices rose on Monday, with the fresh supply uncertainty.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 1 cent to 51 cents a barrel.

Trafigura, Equinor and Exxonmobil will each deliver a February Upper Zakum crude cargo to Glencore following the deals.

Shell will deliver a February-loading al-Shaheen crude cargo to Glencore following the deals.

SELLER-BUYER

PRICE ($/BBL)

HENGLI-TOTAL

61.25

HENGLI-GLENCORE

61.20

HENGLI-GLENCORE

61.20

HENGLI-TOTAL

61.15

VITOL-GLENCORE

61.20

HENGLI-GLENCORE

61.20

VITOL-GLENCORE

61.20

HENGLI-GLENCORE

61.20

TRAFIGURA-GLENCORE

61.20

EQUINOR-GLENCORE

61.20

BP-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

HENGLI-GLENCORE

61.20

VITOL-SINOCHEM

61.15

EXXONMOBIL-GLENCORE

61.20

BP-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

VITOL-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

VITOL-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

SHELL-GLENCORE

61.20

VITOL-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

VITOL-GLENCORE

61.20

TRAFIGURA-TOTAL

61.25

EXXONMOBIL-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

VITOL-GLENCORE

61.20

HENGLI-PHILLIPS

61.15

HENGLI-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

SHELL-SINOCHEM

61.15

BP-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

HENGLI-TOTAL

61.15

EXXONMOBIL-GLENCORE

61.20

EXXONMOBIL-GLENCORE

61.20

PRICES ($/BBL)

CURRENT

PREV SESSION

GME OMAN

61.47

60.16

GME OMAN DIFF TO DUBAI

0.78

0.65

CASH DUBAI

61.20

60.01

NEWS

Chinese oil major CNOOC Ltd 600938.SS said on Monday that an offshore oil project in the South China Sea had commenced production.

Indonesia announced a round of oil and gas block tenders on Monday, offering eight new blocks to contractors, an energy ministry document showed, amid efforts to increase energy reserves.

China's November imports of fuel oil rose 15% from a month earlier, customs data showed on Saturday.

China's foreign ministry on Monday said the United States' seizure of another country's ships was a serious violation of international law, after the U.S. intercepted a China-bound oil tanker off the Venezuelan coast.

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 Leroy Leo)

((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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment