SINGAPORE CASH DEALS Cash Dubai's premium to swaps fell 12 cents to $1.00 a barrel.
BP will deliver one cargo of May-loading Upper Zakum to Total, while Vitol will deliver one cargo of May-loading Oman to PetroChina.
This brings the total number of cargoes delivered on window
this month to 15, including 10 Upper Zakum cargoes, two cargoes
of al-Shaheen and three cargoes of Oman, with PetroChina and
Total as top buyers.
SELLER-BUYER PRICE
VITOL-PETROCHINA 75.00
VITOL-TOTAL 75.00
PHILLIPS 66-PETROCHINA 74.95
PHILLIPS 66-PETROCHINA 74.90
VITOL-TOTAL 74.85
VITOL-PETROCHINA 74.85
VITOL-TOTAL 74.80
PHILLIPS 66-PETROCHINA 74.80
BP-TOTAL 74.95
UNIPEC-PETROCHINA 74.80
VITOL-PETROCHINA 74.75
RELIANCE-PETROCHINA 74.80
VITOL-PETROCHINA 74.75
UNIPEC-PETROCHINA 74.75
RELIANCE-PETROCHINA 74.75
VITOL-PETROCHINA 74.75
PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 74.81 75.18 DME OMAN DIFF TO DUBAI 1.06 1.19 CASH DUBAI 74.75 75.11
NEWS Saudi Aramco signed an agreement with Chinese partners on Sunday for an oil refinery and petrochemical project in northeast China that is expected to start in 2026 to meet the country's growing demand for fuel and chemicals. Aramco's Jizan refinery is set to increase output of ultra-low sulphur diesel (ULSD) and reduce exports of vacuum gasoil (VGO) as it ramps up production in the second quarter, industry sources said. Chinese private refiner Zhejiang Petrochemical has agreed to sell 1 billion shares in its trading arm, Rongsheng Petrochemical , to Saudi Arabian Oil Company's Unit, Rongsheng said on Monday. Russian Urals oil exports from the Primorsk port, set at 1.5 million tonnes for April 1-14, are bracing for a 6% decline from the same period in March, according to two trading sources familiar with the loading plan.
Thailand's oil and gas retailer, PTT Oil and Retail Business Pcl, on Monday said it plans to invest $900 million this year to expand its local and overseas business.
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 Jeslyn Lerh; Editing by Sohini Goswami)
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