OPEC Secretary General Haitham Al Ghais said on Sunday that
the group expects oil demand to exceed pre-pandemic levels this
year, reaching almost 102 million barrels a day.
Meanwhile, Russia plans to cut oil production by 500,000
barrels per day, or around 5% of output , in March,
which would ease some supply overhang pressure in the market.
MALAYSIAN OIL
Malaysia's Kimanis crude oil exports in April will rise by
one cargo from the previous month to a total of seven cargoes,
industry sources said on Monday.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps inched down by 1 cent to $2.45
a barrel.
Seller-Buyer Price
VITOL-MERCURIA 84.35
TOTAL-MERCURIA 84.30
PHILLIPS 66-TRAFIGURA 84.30
VITOL-PETROCHINA 84.35
TOTAL-PETROCHINA 84.30
TOTAL-MERCURIA 84.30
VITOL-PETROCHINA 84.35
VITOL-PETROCHINA 84.35
RELIANCE-TRAFIGURA 84.35
HENGLI-MERCURIA 84.35
VITOL-TRAFIGURA 84.35
RELIANCE-PETROCHINA 84.35
MITSUI-MERCURIA 84.35
PHILLIPS 66-TRAFIGURA 84.35
UNIPEC-MERCURIA 84.40
KOCH-MERCURIA 84.40
VITOL-MERCURIA 84.40
RELIANCE-MERCURIA 84.40
VITOL-TRAFIGURA 84.39
VITOL-TRAFIGURA 84.39
UNIPEC-MERCURIA 84.40
TOTAL-PETROCHINA 84.39
BP-MERCURIA 84.40
VITOL-PETROCHINA 84.40
KOCH-MERCURIA 84.40
RELIANCE-MERCURIA 84.40
PRICES ($/BBL)
CURRENT PREV SESSION
DME OMAN 84.47 83.64
DME OMAN DIFF TO DUBAI 2.52 2.55
CASH DUBAI 84.40 83.55
NEWS
Turkey's Ceyhan port could resume loading oil from the
Baku-Tbilisi-Ceyhan (BTC) pipeline in one or two days using
"manual" procedures, a Turkish official and a shipping source
said on Saturday.
Russia's State Duma introduced a bill late on Saturday
setting discounts for Russian oil exports, according to the
lower house of parliament's website.
U.S. gasoline demand rose 1.7% in the latest week to 8.45
million barrels per day, rising every day over the week-ago
period, according to data on Sunday from GasBuddy.com.
Marine fuel sales in Singapore climbed to a two-year high in
January, lifted by stronger vessel arrivals at the world's top
bunkering since the start of 2023.
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