SINGAPORE, March 30 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban premiums declined on Monday, paring some gains from the sharp rally in previous weeks boosted by the U.S.-Iran conflict.
The spot premium on Dubai crude oil, which has soared since war began in Iran, fell by more than half late last week after sellers piled on offers. Dubai also dipped on Monday with more offers.
The market also tends to be more volatile at the end of each month.
Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel, widening the U.S.-Israel war against Iran. O/R
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps fell $1.43 to $22.38 a barrel.
Unipec will deliver two and Shell will deliver one cargo of May-loading Oman crude cargo to TotalEnergies following the deals.
Shell will deliver one May-loading Murban crude cargo to TotalEnergies following the deals.
SELLER-BUYER | PRICE ($/BBL) |
SHELL-TOTAL | 122.10 |
SHELL-TOTAL | 122.20 |
SHELL-TOTAL | 122.20 |
UNIPEC-MITSUI | 122.20 |
SHELL-TOTAL | 122.10 |
SHELL-TOTAL | 122.20 |
SHELL-TOTAL | 122.10 |
UNIPEC-TOTAL | 122.30 |
SHELL-TOTAL | 122.40 |
SHELL-TOTAL | 122.40 |
SHELL-MITSUI | 122.41 |
SHELL-TOTAL | 122.40 |
UNIPEC-TOTAL | 122.40 |
SHELL-TOTAL | 122.20 |
SHELL-TOTAL | 122.40 |
SHELL-TOTAL | 122.40 |
SHELL-TOTAL | 122.40 |
SHELL-TOTAL | 122.20 |
SHELL-TOTAL | 122.40 |
SHELL-TOTAL | 122.40 |
SHELL-TOTAL | 122.40 |
VITOL-TOTAL | 122.20 |
SHELL-TOTAL | 122.40 |
VITOL-TOTAL | 122.40 |
SHELL-TOTAL | 122.40 |
SHELL-TOTAL | 122.46 |
SHELL-TOTAL | 122.50 |
SHELL-TOTAL | 122.46 |
SHELL-TOTAL | 122.50 |
VITOL-TOTAL | 122.50 |
SHELL-TOTAL | 122.52 |
SHELL-TOTAL | 122.52 |
SHELL-TOTAL | 122.52 |
VITOL-TOTAL | 122.52 |
UNIPEC-TOTAL | 122.60 |
UNIPEC-TOTAL | 122.60 |
UNIPEC-TOTAL | 122.60 |
VITOL-TOTAL | 122.59 |
VITOL-TOTAL | 122.69 |
UNIPEC-TOTAL | 122.70 |
UNIPEC-TOTAL | 122.80 |
VITOL-TOTAL | 122.90 |
UNIPEC-TOTAL | 122.90 |
UNIPEC-TOTAL | 123.00 |
UNIPEC-TOTAL | 123.25 |
SHELL-TOTAL | 123.30 |
UNIPEC-TOTAL | 123.35 |
SHELL-TOTAL | 123.35 |
UNIPEC-TOTAL | 123.45 |
BP-SHENGHONG | 123.80 |
UNIPEC-TOTAL | 123.55 |
UNIPEC-TOTAL | 123.65 |
UNIPEC-TOTAL | 123.75 |
UNIPEC-TOTAL | 123.85 |
UNIPEC-TOTAL | 123.95 |
VITOL-SHENGHONG | 124.00 |
VITOL-TOTAL | 124.00 |
UNIPEC-TOTAL | 124.05 |
UNIPEC-BP | 124.25 |
VITOL-TOTAL | 124.70 |
UNIPEC-BP | 124.95 |
SHELL-TOTAL | 124.94 |
SHELL-TOTAL | 124.94 |
SHELL-TOTAL | 124.94 |
SHELL-TOTAL | 124.94 |
SHELL-TOTAL | 124.94 |
TRAFIGURA-TOTAL | 124.94 |
TRAFIGURA-TOTAL | 124.94 |
SHELL-TOTAL | 124.94 |
TRAFIGURA-TOTAL | 124.94 |
TRAFIGURA-TOTAL | 124.94 |
VITOL-SHENGHONG | 125.15 |
TRAFIGURA-TOTAL | 124.94 |
UNIPEC-TOTAL | 125.00 |
SHELL-TOTAL | 124.94 |
VITOL-SHENGHONG | 125.15 |
TRAFIGURA-TOTAL | 124.94 |
VITOL-TOTAL | 124.94 |
UNIPEC-TOTAL | 125.00 |
UNIPEC-TOTAL | 125.04 |
VITOL-SHENGHONG | 125.15 |
UNIPEC-TOTAL | 125.04 |
TRAFIGURA-TOTAL | 125.03 |
SHELL-TOTAL | 125.03 |
SHELL-TOTAL | 125.03 |
TRAFIGURA-TOTAL | 125.03 |
TRAFIGURA-TOTAL | 125.03 |
VITOL-TOTAL | 125.03 |
VITOL-TOTAL | 125.03 |
UNIPEC-TOTAL | 125.04 |
UNIPEC-TOTAL | 125.04 |
VITOL-SHENGHONG | 125.15 |
UNIPEC-TOTAL | 125.13 |
UNIPEC-TOTAL | 125.15 |
VITOL-TOTAL | 125.19 |
UNIPEC-TOTAL | 125.20 |
UNIPEC-TOTAL | 125.29 |
UNIPEC-TOTAL | 125.29 |
SHELL-TOTAL | 125.29 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 104.84 | 119.52 |
GME OMAN DIFF TO DUBAI | 1.93 | 21.18 |
CASH DUBAI | 125.29 | 122.15 |
NEWS
U.S. President Donald Trump signaled he was reversing course on blocking oil shipments to Cuba on Sunday, saying he had "no problem" with any country sending in crude as a Russian tanker neared a Cuban port with a badly needed shipment.
Fuel prices in oil-producing Nigeria have reached record-high levels, industry figures show, as maximum output from the giant Dangote Petroleum Refinery has failed to shield the country from the energy market impact of war in the Middle East.
Vietnam's Binh Son Refining and Petrochemical BSR.HM said on Monday that it is in talks with Russian partners to buy crude oil.
PetroChina 601857.SS, 0857.HK, Asia's largest oil and gas producer, said on Sunday 2025 annual net profit dropped 4.5% from a record in 2024, as lower oil prices weighed on earnings.
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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