Middle East Crude-Dubai, Murban inch up; OPEC+ output plan awaits

Kitco Media
By Reuters
Published:
Updated:
Reuters
SINGAPORE, Jan 31 (Reuters) - Middle East crude benchmark Dubai and Murban edged higher in the last trading session in January, as the market awaits production plans from major oil producers. An OPEC+ panel is likely to recommend keeping the oil producer group's current output policy unchanged when it meets this week, five OPEC+ delegates told Reuters on Monday. Ministers from OPEC+ countries - members of the Organization of the Petroleum Exporting Countries (OPEC) and others including Russia - are due to hold a virtual meeting at 1100 GMT on Feb. 1. OSP The official selling price (OSP) for Oman crude oil will rise by $3.49 to $80.92 a barrel in March, according to Reuters calculations based on data from the Dubai Mercantile Exchange (DME). SINGAPORE CASH DEALS


Cash Dubai's premium to swaps rose 13 cents to $1.13 a barrel. Vitol will deliver two March-loading Upper Zakum to Mercuria following the trade.
Seller-Buyer Price VITOL-TRAFIGURA 80.95 VITOL-MERCURIA 80.75 VITOL-PETROCHINA 80.75 VITOL-TRAFIGURA 80.75 VITOL-MERCURIA 80.75 VITOL-PETROCHINA 80.75 VITOL-TRAFIGURA 80.80 VITOL-MERCURIA 80.75 VITOL-TRAFIGURA 80.80 VITOL-PETROCHINA 80.80 VITOL-SHELL 80.80 VITOL-MERCURIA 80.80 VITOL-TRAFIGURA 80.80 RELIANCE-PETROCHINA 80.80 RELIANCE-TRAFIGURA 80.85 VITOL-SHELL 80.80 VITOL-MERCURIA 80.80 VITOL-TRAFIGURA 80.80 VITOL-PETROCHINA 80.85 VITOL-MERCURIA 80.80 RELIANCE-SHELL 80.80 VITOL-PETROCHINA 80.85 RELIANCE-TRAFIGURA 80.85 VITOL-PETROCHINA 80.85 EXXONMOBIL-TRAFIGURA 80.85 RELIANCE-MERCURIA 80.85 VITOL-PETROCHINA 80.85 EXXONMOBIL-TRAFIGURA 80.85 VITOL-MERCURIA 80.85 EXXONMOBIL-SHELL 80.85 EXXONMOBIL-TRAFIGURA 80.85 VITOL-PETROCHINA 80.85 RELIANCE-MERCURIA 80.85 VITOL-SHELL 80.85 EXXONMOBIL-TRAFIGURA 80.85 VITOL-PETROCHINA 80.85 RELIANCE-SHELL 80.85 EXXONMOBIL-TRAFIGURA 80.85 VITOL-MERCURIA 80.85 EXXONMOBIL-PETROCHINA 80.85 VITOL-TRAFIGURA 80.85 RELIANCE-SHELL 80.88 VITOL-MERCURIA 80.85 EXXONMOBIL-TRAFIGURA 80.85 VITOL-PETROCHINA 80.85 VITOL-SHELL 80.88 RELIANCE-TRAFIGURA 80.85 EXXONMOBIL-MERCURIA 80.85 VITOL-SHELL 80.88 EXXONMOBIL-PETROCHINA 80.85 VITOL-SHELL 80.88 VITOL-TRAFIGURA 80.89 RELIANCE-BP 80.85 VITOL-SHELL 80.88 VITOL-MERCURIA 80.85 EXXONMOBIL-TRAFIGURA 80.88 RELIANCE-PETROCHINA 80.85 VITOL-MERCURIA 80.70 VITOL-SHELL 80.88 VITOL-PETROCHINA 80.60 RELIANCE-TRAFIGURA 80.88 UNIPEC-PETROCHINA 80.90 RELIANCE-PETROCHINA 80.85 EXXONMOBIL-SHELL 80.88 PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 79.91 82.50 DME OMAN DIFF TO DUBAI 0.14 0.85 CASH DUBAI 80.90 82.65 NEWS


Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due to depleting foreign exchange reserves, traders and industry sources said. The Russian government on Monday banned domestic oil exporters and customs bodies from adhering to Western-imposed price caps on Russian crude. Asian markets are showing no let up in their demand for Russian oil, absorbing a big rise in seaborne exports of Urals crude this month and helping Moscow cope even as most Western buyers stay away, according to traders' and Refinitiv Eikon data. For crude prices, oil product cracks and refining margins, please click on the RICs below. Brent Dubai DME Oman Brent/Dubai EFS PRODUCT CRACKS
Fuel oil crack Gasoil crack Naphtha crack Complex refining margins (Reporting by Muyu Xu; Editing by Krishna Chandra Eluri)


Asia Europe Americas CRUDE OIL MARKET NEWS
Crude oil tenders in Asia Crude oil supply outages in Asia Refinery outages in Asia Global arbitrage news and flows W.African crude imports to Asia, monthly REFINERY MAINTENANCE DIARIES
Asia Middle East Europe NATIONAL CRUDE IMPORT DATA
Japan China India S.Korea Indonesia CRUDE OIL INVENTORY DATA
Japan US Europe CRUDE OIL PRODUCTION/OILFIELD NEWS
OPEC output survey New Africa fields New projects New Americas fields CRUDE OIL MARKET REPORTS
Middle East Asia-Pacific West Africa North Sea Asia outlook Europe outlook Global futures report Technicals report PRICES
For all Official Selling Prices For a POLL on oil prices NYMEX and ICE oil futures TOCOM crude oil futures Dubai, Oman swaps and spread Middle East physical crude diffs Australia physical crude, Tapis swaps Asia-Pacific physical crude All Asian crude oil differentials All Asian crude oil outright prices ))
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