Rongsheng is heard having requested to voluntarily cut 4 million barrels June, they said. Spot premium for light sour Murban crude was pegged at $1.42 a barrel on Wednesday, a two-weeks low. The weak Murban prices follow tepid demand and sluggish refining margins for diesel. For tenders, Taiwan's CPC is seeking sweet crude for August-delivery. The tender is due to close on Thursday and is valid till Friday.
OPEC
Abu Dhabi National Oil Company (ADNOC) sees no dip in demand
from Asian customers as cheap Russian oil flows into the
continent on the back of Western sanctions on Moscow, a senior
executive said on Wednesday.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps dropped 22 cents to $1.33 a
barrel.
Seller-Buyer Price
VITOL-PETROCHINA 75.90
VITOL-TOTAL 75.90
VITOL-TRAFIGURA 75.90
GLENCORE-PHILLIPS 66 75.90
GLENCORE-PHILLIPS 66 75.80
VITOL-TRAFIGURA 75.70
GLENCORE-PETROCHINA 75.65
VITOL-PETROCHINA 75.65
BP-TOTAL 75.65
EXXONMOBIL-TOTAL 75.65
VITOL-PETROCHINA 75.65
EXXONMOBIL-TOTAL 75.65
GLENCORE-PETROCHINA 75.69
RELIANCE-TOTAL 75.65
EXXONMOBIL-PETROCHINA 75.65
VITOL-TOTAL 75.65
GLENCORE-PETROCHINA 75.69
BP-SHELL 75.70
GLENCORE-SHELL 75.69
EXXONMOBIL-PETROCHINA 75.70
RELIANCE-TOTAL 75.69
BP-PETROCHINA 75.70
GLENCORE-SHELL 75.72
RELIANCE-TOTAL 75.69
BP-TRAFIGURA 75.68
EXXONMOBIL-PETROCHINA 75.75
GUNVOR-SHELL 75.72
PRICES ($/BBL) CURRENT PREV SESSION DME OMAN 75.63 75.74 DME OMAN DIFF TO DUBAI 1.21 1.49 CASH DUBAI 75.75 75.80
NEWS Pakistan is planning to blend newly purchased Russian crude with Arabian light crude in order to create a mixture that will be more easily processed by the nation's oil refineries, Pakistan's energy minister said on Tuesday. Wildfires in Canada's main oil-producing province Alberta eased on Tuesday thanks to cooler weather, but thousands of people remained under evacuation orders and officials warned temperatures were expected to rise in coming days. SLB has made several operational and structural changes to keep its Russian business in compliance with Western sanctions on oil equipment and technology transfers, as it aims to ride out efforts to curb Russia's use of energy to finance its war efforts.
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 Shailesh Kuber)
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