ASIAN REFINERIES Saudi Aramco offered more vacuum gasoil (VGO) supplies to be exported from its Jizan refinery in May, according to traders and shipping data, in a sign that the refinery is yet to ramp up to full output. The Jizan refinery, Aramco's newest facility, had been expected to ramp up output for 10-ppm gasoil and cut VGO exports this quarter when it hits full capacity. SINGAPORE CASH DEALS
Cash Dubai's premium to swaps dropped 14 cents to $1.77 a barrel.
Seller-Buyer
Price
PETROCHINA-PHILLIPS 66
83.60
RELIANCE-VITOL
83.55
PETROCHINA-VITOL
83.55
RELIANCE-GUNVOR
83.45
RELIANCE-VITOL
83.55
PETROCHINA-VITOL
83.55
PETROCHINA-GLENCORE
83.50
PETROCHINA-GLENCORE
83.50
PETROCHINA-VITOL
83.55
PETROCHINA-GLENCORE
83.50
PETROCHINA-VITOL
83.55
PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 83.61 84.67 DME OMAN DIFF TO DUBAI 1.83 1.93 CASH DUBAI 84.65 83.55
NEWS The clear winner in the race to replace Russian oil at Europe's refineries is Norway's Johan Sverdrup crude, according to Refinitiv Eikon data and traders. Exxon Mobil Corp in Nigeria declared force majeure on oil liftings from different terminals in the country following industrial action by the company's in-house workers union, the company said on Monday in a statement. India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. China's diesel exports shipments surged to 1.44 million tonnes, up 113.8% in March, from 0.67 million tonnes a year ago, data from the General Administration of Customs showed on Tuesday.
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