CHINA Russia maintained its position as China's top oil supplier in March, Chinese government data showed on Friday, as buyers continued to snap up sanctioned ESPO and Urals shipments at steep discounts. Arrivals from Russia totalled a record of 9.61 million tonnes in March, or 2.26 million barrels per day (bpd), up 50% from 1.50 million bpd in the corresponding 2022 period, according to data from the General Administration of Customs. SINGAPORE CASH DEALS
Cash Dubai's premium to swaps gained 19 cents to $1.65 a barrel.
Reliance will deliver a June-loading Upper Zakum to Vitol following the trade. PetroChina will deliver one June-loading Upper Zakum each to Vitol and Glencore. Seller Buyer Reliance-Vitol 80.65 PetroChina-Vitol 80.70 Exxonmobil-Vitol 80.75 PetroChina-Glencore 80.75 Exxonmobil-Vitol 80.75 PRICES ($/BBL) CURRENT PREV SESSION DME OMAN NA 81.83 DME OMAN DIFF TO DUBAI NA 1.59 CASH DUBAI 80.75 81.70
NEWS Several Asian petrochemical producers plan to switch a portion of their feedstock from naphtha to cheaper liquefied petroleum gas (LPG) late in the second quarter as the price gap between the two fuels has widened, refinery and trade sources said. Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country's petroleum minister said, with one cargo to dock at the port of Karachi in May. Italian oil company Eni is drilling its Raia-1 well located in Block A5-A of the Angoche Basin offshore Mozambique, a spokesperson said on Thursday.
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 Sohini Goswami)
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 ))
