OSP Dubai has set its official differential to Oman futures for July at a discount of $0.10 per barrel, the Dubai Department of Petroleum Affairs said on Wednesday. The differential will be applied to the average of daily settlements for the front-month July Oman contract at the end of May to set Dubai's official selling price (OSP) for July-loading crude. SINGAPORE CASH DEALS
Cash Dubai's premium to swaps dropped 44 cents to $1.06 a barrel. Phillips 66 will deliver a June-loading Murban crude to Vitol following the deals. Seller-Buyer Price PHILLIPS 66-VITOL 79.95 TOTAL-PETROCHINA 80.15 TOTAL-VITOL 80.20 TOTAL-VITOL 80.20 TOTAL-VITOL 80.24 TOTAL-VITOL 80.24 PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 80.69 82.74 DME OMAN DIFF TO DUBAI 1.51 1.49 CASH DUBAI 80.24 82.75
NEWS Texas crude is set to assume a key role in the world's most important benchmark - Brent - as oil-index publisher S&P Global Platts adds U.S. WTI Midland crude to its dated Brent oil price assessment for June deliveries. U.S. crude oil and gasoline inventories fell last week, while distillate inventories rose, according to market sources citing American Petroleum Institute figures on Tuesday. Oil and gas producer Wintershall Dea is on track to meet its full-year production target of 325,000 to 350,000 barrels of oil equivalent per day (boe/d), backed by a stable performance in the first quarter of 2023, it said on Wednesday. The Canada Energy Regulator said it was notified on Tuesday of a serious injury at a work site on the government-owned Trans Mountain oil pipeline expansion project near Chilliwack, British Columbia.
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