OPEC
OPEC oil output fell in April due to a halt in some of
Iraq's exports and delays to Nigerian shipments, a Reuters
survey found on Tuesday, adding to the impact of strong
adherence by top producers to a supply cut deal by the wider
OPEC+ alliance.
The Organization of the Petroleum Exporting Countries pumped
28.62 million barrels per day (bpd) last month, the survey
found, down 190,000 bpd from March. Output is down more than 1
million bpd from September.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps dropped 11 cents to $1.49 a
barrel.
Seller-Buyer Price
BP-SHELL 73.70
VITOL-TRAFIGURA 73.70
BP-SHELL 73.70
VITOL-SHELL 73.70
VITOL-TRAFIGURA 73.65
VITOL-SHELL 73.65
VITOL-TOTAL 73.60
BP-TRAFIGURA 73.60
BP-SHELL 73.60
EXXONMOBIL-PETROCHINA 73.60
RELIANCE-TOTAL 73.59
EXXONMOBIL-PETROCHINA 73.60
RELIANCE-TOTAL 73.59
RELIANCE-TOTAL 73.63
BP-SHELL 73.62
PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 73.57 78.55 DME OMAN DIFF TO DUBAI 1.43 1.55 CASH DUBAI 73.63 78.60
NEWS India slightly decreased its Urals oil buying in April compared to record imports in March, while China increased its share of the Urals market, Refinitiv Eikon data showed and traders said. U.S. crude oil stockpiles likely fell for a third straight week, while gasoline and distillate inventories were also seen down last week, an extended Reuters poll showed on Tuesday. A second oil tanker in a week was seized by Iran on Wednesday in Gulf waters, the U.S. Navy said, the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.
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 Shweta Agarwal)
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