SINGAPORE, Jan 27 (Reuters) - Middle East crude benchmark Murban fell for a fourth consecutive session on Tuesday to the lowest level in over two weeks, while Oman and Dubai moved little.
Brent's premium to Dubai was firm on Thursday at $1.97 per barrel.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps fell 1 cent to -26 cents a barrel.
SELLER-BUYER | PRICE ($/BBL) |
VITOL-MERCURIA | 62.86 |
TOTAL-MERCURIA | 62.86 |
VITOL-MERCURIA | 62.86 |
TOTAL-MERCURIA | 62.86 |
TOTAL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
TOTAL-MERCURIA | 62.89 |
MITSUI-MERCURIA | 62.89 |
TRAFIGURA-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
TOTAL-MERCURIA | 62.88 |
VITOL-MERCURIA | 62.89 |
TOTAL-MERCURIA | 62.88 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
VITOL-MERCURIA | 62.89 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 62.85 | 63.55 |
GME OMAN DIFF TO DUBAI | -0.29 | -0.28 |
CASH DUBAI | 62.88 | 63.56 |
NEWS
A proposed reform of Venezuela's oil law is enough to encourage companies working in the country to expand and for some new entrants to begin investing, but deeper reforms would be necessary to attract the $100 billion the U.S. says is required to revamp the nation's energy sector, foreign and local executives and lawyers said.
OPEC+ is expected to keep its pause on oil output increases for March at a meeting on Sunday, three OPEC+ delegates told Reuters, with prices rising due to a drop in Kazakhstan's oil production.
The head of Abu Dhabi National Oil Company (ADNOC) said global oil demand will remain above 100 million barrels per day through 2040, while demand for both liquefied natural gas $(LNG)$ and electricity will grow by 50% or more.
Indian oil refiners are only being offered small volumes of Venezuelan crude as most supply is heading to the United States, four refining executives said on Tuesday, slowing the return of the South American supply to the world's third-largest importer.
State-owned PetroChina has told its traders not to buy or trade Venezuelan crude since Washington took control of the OPEC producer's oil exports this month, two trading executives familiar with the situation said.
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 Sahal Muhammed)
((siyi.liu@thomsonreuters.com;))
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