RUSSIAN OIL Russian Urals oil broke through the $60 per barrel price cap on Wednesday, boosted by strength in international benchmark Brent after OPEC+ announced an output cut, three sources involved in Russian oil trade said and Reuters calculations showed. SINGAPORE CASH DEALS
Cash Dubai's premium to swaps gained 7 cents to $1.75 a
barrel.
PETROCHINA-VITOL 84.50
PHILLIPS 66-VITOL 84.45
PHILLIPS 66-VITOL 84.45
PRICES ($/BBL) CURRENT PREV SESSION DME OMAN NA 84.91 DME OMAN DIFF TO DUBAI NA 1.69 CASH DUBAI 84.45 84.90
NEWS Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed. Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. U.S. crude oil stockpiles fell more than expected last week due to strong export and refining demand, the Energy Information Administration said on Wednesday, Indian refiners' crude oil processing remained near record levels in February, provisional government data showed on Wednesday, catering to rising demand in the world's third biggest oil importer and consumer.
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