ADNOC ALLOCATION
The Abu Dhabi National Oil Company (ADNOC) has informed at
least three buyers in Asia that it will supply full contractual
volumes of crude in July, steady from the previous month, trade
sources said on Friday.
But ADNOC has informed the term buyers that it will load 5%
less crude in May, the minimum operational tolerance, the
sources said, reflecting an additional cut announced last month
by the Organization of the Petroleum Exporting Countries and
their allies, a group known as OPEC+.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 6 cents to $1.61 a
barrel.
Seller-Buyer Price
GLENCORE-PETROCHINA 73.25
GLENCORE-TOTAL 73.25
GLENCORE-PHILLIPS 66 73.25
GLENCORE-TRAFIGURA 73.25
GLENCORE-PETROCHINA 73.27
GLENCORE-PETROCHINA 73.26
BP-SHELL 73.27
RELIANCE-PETROCHINA 73.26
VITOL-TRAFIGURA 73.25
GLENCORE-SHELL 73.25
GLENCORE-TRAFIGURA 73.25
RELIANCE-TOTAL 73.24
EXXONMOBIL-PHILLIPS 66 73.24
GLENCORE-SHELL 73.25
RELIANCE-TOTAL 73.24
EXXONMOBIL-SHELL 73.25
RELIANCE-TOTAL 73.24
VITOL-SHELL 73.25
VITOL-SHELL 73.26
PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 73.24 72.66 DME OMAN DIFF TO DUBAI 1.59 1.27 CASH DUBAI 73.26 72.94
ASIAN REFINERIES SK Innovation Co Ltd , owner of South Korea's top refiner SK Energy, said it planned to carry out routine maintenance scheduled for its No.5 crude distillation unit (CDU) and No. 1 residue fluid catalytic cracker (RFCC) in Ulsan in the second quarter.
NEWS Russia is expected to increase seaborne oil exports from its western ports this month to a four-year high to meet Asian demand for low-priced oil, two sources familiar with the loading plans from the ports said. Iraq has extended an agreement with Jordan for another year to supply it with 10,000 barrels per day (bpd) of crude oil under preferential terms, the Iraqi oil ministry said on Thursday. Russia's federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period and declined by 5.9% from March, the finance ministry said on Thursday, as a result of higher subsidies to oil refineries.
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 Sonia Cheema)
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