There is no damage to the Kerkuk-Ceyhan pipeline carrying oil from Iraq to Turkey, or to the Baku-Tbilisi-Ceyhan pipeline, and oil flows are continuing on both after a major earthquake hit Turkey, an energy official told Reuters on Monday. However, operations at the Ceyhan oil terminal in southern Turkey were suspended, the Tribeca shipping agency said, adding that an emergency meeting was being held on the issue. SINGAPORE CASH DEALS Cash Dubai's premium to swaps rose 15 cents to $1.92 a barrel. Seller-Buyer Price VITOL-MERCURIA 78.30 PHILLIPS 66-TRAFIGURA 78.30 TOTAL-PETROCHINA 78.30 KOCH-MERCURIA 78.30 TOTAL-TRAFIGURA 78.30 TOTAL-MERCURIA 78.30 KOCH-PETROCHINA 78.30 TOTAL-SHELL 78.20 VITOL-TRAFIGURA 78.30 PHILLIPS 66-PETROCHINA 78.30 BP-PETROCHINA 78.35 KOCH-MERCURIA 78.25 RELIANCE-MERCURIA 78.30 VITOL-PETROCHINA 78.35 BP-MERCURIA 78.35 HENGLI-MERCURIA 78.20
PRICES ($/BBL)
CURRENT PREV SESSION
DME OMAN 78.31 79.61
DME OMAN DIFF TO DUBAI 1.88 1.63
CASH DUBAI 78.35 79.75
NEWS
Russia was willing to meet India's oil needs at "market
price", the CEO of top Russian oil major Rosneft told Reuters on
Monday.
OPEC Secretary General Haitham Al Ghais said on Monday the
collective decision to cut output in October was the right move
and added that credit should be given to the OPEC+ alliance for
its constructive role in supporting global market stability.
Equinor said on Monday it had halted oil
production at its Johan Sverdrup Phase 1, the North Sea's
largest producing field, due to a technical fault in a cooling
system.
Indian refiners have begun paying for most of their Russian
oil purchased via Dubai-based traders in United Arab Emirates
dirhams instead of U.S. dollars, four sources with knowledge of
the matter said.
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