Middle East Crude-Oman, Dubai edge higher; Murban slips
SINGAPORE, Nov 8 (Reuters) -Middle East crude benchmarks premiums for Oman and Dubai rose marginally on Thursday, while that for Murban slipped.
Oil prices ticked up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Donald Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger dollar and lower crude imports in top importer China.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 1 cent to $0.71 a barrel.
Unipec will deliver a January Upper Zakum crude cargo to PetroChina following the deals.
SELLER-BUYER | PRICE ($/BBL) |
UNIPEC-EQUINOR | 74.01 |
TRAFIGURA-EQUINOR | 74.04 |
UNIPEC-EQUINOR | 74.01 |
UNIPEC-EQUINOR | 74.01 |
TRAFIGURA-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
TRAFIGURA-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
TRAFIGURA-PETROCHINA | 74.01 |
UNIPEC-EQUINOR | 74.01 |
TRAFIGURA-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
SHENGHONG-EQUINOR | 74.00 |
UNIPEC-EQUINOR | 74.01 |
PTT-PETROCHINA | 74.01 |
EXXONMOBIL-PETROCHINA | 74.01 |
PHILLIPS 66-PETROCHINA | 74.00 |
RELIANCE-TOTAL | 74.00 |
UNIPEC-PETROCHINA | 74.01 |
PTT-EQUINOR | 74.01 |
SHENGHONG-EQUINOR | 74.00 |
EXXONMOBIL-PETROCHINA | 74.01 |
RELIANCE-PETROCHINA | 74.00 |
UNIPEC-PETROCHINA | 74.01 |
MITSUI-TOTAL | 74.00 |
EXXONMOBIL-PETROCHINA | 74.01 |
SHENGHONG-EQUINOR | 74.00 |
PHILLIPS 66-PETROCHINA | 74.00 |
PTT-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
VITOL-PETROCHINA | 74.01 |
EXXONMOBIL-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
PTT-PETROCHINA | 74.01 |
MITSUI-PETROCHINA | 74.01 |
EXXONMOBIL-PETROCHINA | 74.01 |
VITOL-PETROCHINA | 74.01 |
TRAFIGURA-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
PHILLIPS 66-TOTAL | 74.00 |
RELIANCE-PETROCHINA | 74.01 |
EXXONMOBIL-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
EXXONMOBIL-EQUINOR | 74.00 |
TRAFIGURA-PETROCHINA | 74.01 |
RELIANCE-PETROCHINA | 74.01 |
MITSUI-PETROCHINA | 74.01 |
PHILLIPS 66-TOTAL | 74.00 |
VITOL-PETROCHINA | 74.01 |
UNIPEC-PETROCHINA | 74.01 |
EXXONMOBIL-EQUINOR | 74.00 |
EXXONMOBIL-PETROCHINA | 74.01 |
RELIANCE-PETROCHINA | 74.01 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 73.98 | 73.26 |
GME OMAN DIFF TO DUBAI | 0.68 | 0.66 |
CASH DUBAI | 74.01 | 73.30 |
NEWS
China's crude oil imports fell 9% in October, data showed on Thursday, a sixth consecutive monthly year-on-year decline, as a plant closure at a state oil refinery adds to weaker demand from independent refiners.
Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024, while geopolitical risks create uncertainty around supply, Russell Hardy, CEO of Vitol, the world's largest independent oil trader, said on Thursday.
China will continue to have an important role in global oil demand because of its focus on petrochemicals even as fuel consumption in its road transportation sector peaks amid energy transition, Vitol's global head of research said on Thursday.
U.S. shale producer Marathon Oil MRO.N beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher production and resilient demand for oil.
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 and Florence Tan in Singapore; Editing by Rashmi Aich
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