SINGAPORE, Feb 4 (Reuters) - Middle East crude benchmark Oman dipped on Wednesday after a two-day rally, while Dubai and Murban held steady.
Oil prices extended gains on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats that approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran. O/R
Market was also supported by better demand outlook from India as the country is expected to diversify its energy sources after the U.S. said New Delhi would halt Russian oil purchases.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps fell 2 cents to 72 cents a barrel.
Shell will deliver an April-loading Upper Zakum crude cargo to TotalEnergies following the deals.
SELLER-BUYER | PRICE ($/BBL) |
TRAFIGURA-TOTAL | 66.75 |
PETROCHINA-TOTAL | 66.77 |
RELIANCE-TOTAL | 66.77 |
SHENGHONG-TOTAL | 66.77 |
SHELL-MERCURIA | 66.75 |
TRAFIGURA-TOTAL | 66.77 |
PHILLIPS-TOTAL | 66.77 |
PETROCHINA-TOTAL | 66.77 |
PHILLIPS-TOTAL | 66.77 |
TRAFIGURA-TOTAL | 66.77 |
PHILLIPS-TOTAL | 66.77 |
TRAFIGURA-TOTAL | 66.77 |
PHILLIPS-TOTAL | 66.77 |
SHELL-TOTAL | 66.77 |
SHELL-TOTAL | 66.76 |
TRAFIGURA-TOTAL | 66.76 |
SHELL-TOTAL | 66.76 |
SHELL-HENGLI | 66.75 |
SHELL-EQUINOR | 66.75 |
TRAFIGURA-MERCURIA | 66.76 |
SHELL-TOTAL | 66.76 |
SHENGHONG-MERCURIA | 66.77 |
SHELL-TOTAL | 66.76 |
SHELL-MERCURIA | 66.78 |
SHELL-MERCURIA | 66.78 |
SHELL-TOTAL | 66.78 |
SHELL-TOTAL | 66.76 |
TRAFIGURA-MERCURIA | 66.78 |
SHELL-TOTAL | 66.78 |
TRAFIGURA-TOTAL | 66.79 |
PETROCHINA-TOTAL | 66.78 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 66.75 | 66.15 |
GME OMAN DIFF TO DUBAI | 0.69 | 0.80 |
CASH DUBAI | 66.78 | 65.09 |
NEWS
Kazakhstan's Kaztransoil said on Wednesday it had supplied 1.017 million metric tons of oil, including 863,000 tons of Russian oil, to China in January.
China's Shandong Nanshan Group plans to build an oil refinery on Indonesia's Bintan island, where the privately controlled firm operates a large alumina plant, according to three Chinese sources and an Indonesian official.
A group of Iranian gunboats approached a U.S.-flagged tanker in the Strait of Hormuz north of Oman, maritime sources and a security consultancy said on Tuesday.
The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as Washington seeks to encourage expanded output in the OPEC nation since capturing its president, three sources close to the matter told Reuters.
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 Shilpi Majumdar)
((siyi.liu@thomsonreuters.com;))
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