SINGAPORE, March 22 (Reuters) - Middle Eastern crude
benchmarks Oman and Murban dipped on Wednesday due to pressure
in the West of Suez market from the banking crisis and an
unexpected inventory build in the United States.
The spot premium of Murban, a light sour crude, fell to
$2.45 a barrel over the Dubai quotes, its lowest level in two
months.
The spread between Brent- and Dubai-pegged crude widened to
$1.55 a barrel on Wednesday from $1.4 a barrel - the narrowest
level in more than two years - on Monday.
But the lessened spread has failed to spur interest from
Asian refiners, which are instead buying up discounted Russian
oil, leaving an overhang in African supply.
RUSSIAN OIL
Russian Deputy Prime Minister Alexander Novak said on
Tuesday that Russia will continue a 500,000 barrels per day oil
production cut until the end of June.
Prices for May-loading ESPO Blend crude oil hold steady at
the start of the new trading cycle as Chinese buyers wait to see
how the market moves, three traders said on Wednesday.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 3 cents to $1.14 a
barrel.
Unipec, Vitol and BP will each deliver one May-loading Upper
Zakum cargo to PetroChina following the trade. Exxonmobil will
also deliver a May-loading Upper Zakum cargo to Total.
Seller-Buyer Price
VITOL-PHILLIPS 66 74.55
VITOL-PETROCHINA 74.50
KOCH-TOTAL 74.50
VITOL-PHILLIPS 66 74.55
KOCH-PETROCHINA 74.50
EXXONMOBIL-TOTAL 74.50
PHILLIPS 66-PETROCHINA 74.50
VITOL-PHILLIPS 66 74.55
EXXONMOBIL-TOTAL 74.50
PHILLIPS 66-PETROCHINA 74.50
VITOL-KOCH 74.45
PHILLIPS 66-PETROCHINA 74.50
BP-PETROCHINA 74.60
KOCH-PETROCHINA 74.60
EXXONMOBIL-TOTAL 74.50
UNIPEC-PETROCHINA 74.55
VITOL-PETROCHINA 74.60
UNIPEC-PETROCHINA 74.55
EXXONMOBIL-TOTAL 74.50
UNIPEC-PETROCHINA 74.55
RELIANCE-PETROCHINA 74.60
UNIPEC-PETROCHINA 74.55
EXXONMOBIL-TOTAL 74.50
VITOL-PETROCHINA 74.55
BP-PETROCHINA 74.55
BP-TOTAL 74.50
UNIPEC-PETROCHINA 74.55
BP-TOTAL 74.50
VITOL-PETROCHINA 74.55
KOCH-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
EXXONMOBIL-TOTAL 74.50
BP-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
KOCH-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
RELIANCE-PETROCHINA 74.55
KOCH-TOTAL 74.55
UNIPEC-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
RELIANCE-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
VITOL-TRAFIGURA 74.55
UNIPEC-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
UNIPEC-TRAFIGURA 74.55
VITOL-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
VITOL-TOTAL 74.55
UNIPEC-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
PHILLIPS 66-PETROCHINA 74.55
UNIPEC-TRAFIGURA 74.55
VITOL-PETROCHINA 74.55
UNIPEC-PETROCHINA 74.55
PHILLIPS 66-PETROCHINA 74.55
UNIPEC-KOCH 74.55
BP-TOTAL 74.54
UNIPEC-PETROCHINA 74.55
VITOL-PETROCHINA 74.55
PRICES ($/BBL)
CURRENT PREV SESSION
DME OMAN 74.53 73.90
DME OMAN DIFF TO DUBAI 1.12 1.31
CASH DUBAI 74.55 73.70
NEWS
The biggest oil traders and energy hedge funds speaking at
the FT Commodities Global Summit struck a bullish tone despite
banking jitters, and see a jump in oil prices by the year end.
Global energy traders Trafigura and Vitol still help to
export limited supplies of Russian refined products within the
rules of international sanctions, but they are considering
whether to resume more trade in Russia's oil, their CEOs said on
Tuesday.
European refiners produced 10.13 million barrels per day
(bpd) of oil products in February, 1% below output levels in
January, but 6% higher from a year earlier, boosted by a big
rise in middle distillates output, Euroilstock data showed on
Tuesday.
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 Varun H K)
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 ))
