CORRECTED-Middle East Crude-Benchmarks rebound after hitting five-month lows

Corrects Dubai figures in paragraph 4 to "rose 83 cents to 37 cents a barrel" (not rose 13 cents to minus 33 cents a barrel); rewrites headline and paragraph 1 to reflect the revised figures

- Middle East crude benchmarks Dubai, Murban and Oman differentials recovered on Thursday to positive territory, after falling to discounts for the first time in at least five months in the prior session.

Traders are also awaiting more details of the interim U.S.-Iran peace deal to assess the supply outlook.

Oil prices steadied on Wednesday near a three‑month low, as investors weighed the impact of a U.S.-Iran peace deal and the International Energy Agency's warning of a looming supply overhang next year against firmer near-term demand to replenish depleted inventories. O/R


SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose 83 cents to 37 cents a barrel.


SELLER-BUYER

PRICE ($/BBL)

PHILLIPS-BP

73.70



PRICES ($/BBL)


CURRENT

PREV SESSION

GME OMAN

73.52

72.99

GME OMAN DIFF TO DUBAI

0.19

-0.67

CASH DUBAI

73.70

73.20


NEWS

The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency said in its monthly oil market report on Wednesday.

The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the war, a senior U.S. official said on Tuesday.

Taiwan's state energy firm CPC said on Wednesday it is monitoring developments in the Middle East and will be ready to import a wider variety of crude oil and liquefied natural gas in the coming months if the Strait of Hormuz reopens.

TotalEnergies' TTEF.PA SATORP oil refinery in Saudi Arabia, which was hit by three drones in April, is still running only at 70% capacity and will not be fully repaired until early 2027, the company's Chief Executive Patrick Pouyanne said on Wednesday.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

Brent

BRENTSGMc1

Dubai

DUBSGSWMc2

GME Oman

OQc1

Brent/Dubai EFS

DUB-EFS-1M


PRODUCT CRACKS

Fuel oil crack

FO180SGCKMc1

Gasoil crack

GO10SGCKMc1

Naphtha crack

NAF-SIN-CRK

Gasoline crack

GL92-SIN-CRK

Complex refining margins

REF/MARGIN1


RECENT CRUDE OIL TRADES:
Asia ACRU/T  Europe CRU/T Americas CRU/TU
      
CRUDE OIL MARKET NEWS      
Crude oil tenders in Asia                       CRU/TENDA
Crude oil supply outages in Asia                CRU/OUT-ASIA-O      
Refinery outages in Asia                        REF/OUT-ASIA-O      
Global arbitrage news and flows                 O/CRUDEARB      
W.African crude imports to Asia,  monthly       O/WAFRICA1      
REFINERY MAINTENANCE DIARIES      
Asia REF/A   Middle East REF/ME   Europe REF/E      
                       
NATIONAL CRUDE IMPORT DATA      
Japan     METI/JP1   China   O/CHINA1      
India     O/INDIA2   S.Korea O/KOREA1      
Indonesia O/INDO1-CRU         
                       
CRUDE OIL INVENTORY DATA      
Japan O/JAPAN1  US EIA/S  Europe O/EUROIL1      
                    
CRUDE OIL PRODUCTION/OILFIELD NEWS      
OPEC output survey OPEC/O          New Africa fields    AFR/NEW 
New projects       ENERGY/NEW      New Americas  fields AM/NEW
CRUDE OIL MARKET REPORTS      
Middle East             CRU/MAsia-Pacific         CRU/AP      
West Africa             CRU/WAF  North Sea            CRU/E      
Asia outlook            ASIA/CRU Europe outlook       EUR/CRU      
Global futures report   O/R      Technicals report    O/I      
                            
PRICES      
For all Official Selling  Prices       OSP/O      
For a POLL on oil  prices              O/POLL      
NYMEX and ICE oil  futures             OILOIL      
TOCOM crude oil  futures               0#JCO:      
Dubai, Oman swaps and  spread          ASIA/SWAP/CRUDE      
Middle East physical crude diffs       CRUDE/ASIA2      
Australia physical crude, Tapis swaps  CRUDE/ASIA1      
Asia-Pacific physical crude            CRUDE/ASIA3      
All Asian crude oil  differentials     0#C-DIF-A
All Asian crude oil outright  prices   0#C-A