Middle East Crude-Benchmarks extend gains; Oman, Dubai premiums around $65/bbl

- Middle East crude benchmarks extended their rally on Thursday, with Oman and Dubai premiums hitting around $65 per barrel after Iran struck Middle East energy facilities.

Oil prices also jumped on Thursday, with benchmark Brent rising to its highest in over a week to more than $115 a barrel, after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war. O/R

TENDER

India's HPCL bought two million barrels of West African crude for May arrival, traders said. The tender was awarded to Totsa, the trading arm under TotalEnergies.


SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose $2.95 to $65.42 a barrel.

Unipec will deliver two cargoes and BP will deliver one cargo of May-loading Oman crude to TotalEnergies following the deals.

Shell will deliver one May-loading Murban crude cargo to TotalEnergies following the deals.

SELLER-BUYER

PRICE ($/BBL)

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

UNIPEC-TOTAL

163.60

BP-TOTAL

166.70

BP-TOTAL

166.85

UNIPEC-MITSUI

166.96

SHELL-TOTAL

166.95

SHELL-TOTAL

166.95

SHELL-TOTAL

166.90

SHELL-TOTAL

166.95

SHELL-TOTAL

166.95

UNIPEC-TOTAL

166.90

SHELL-TOTAL

166.95

UNIPEC-TOTAL

166.95

SHELL-TOTAL

166.95

SHELL-TOTAL

166.95

UNIPEC-TOTAL

166.95

BP-TOTAL

166.95

VITOL-TOTAL

166.95

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

VITOL-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

VITOL-TOTAL

166.90

UNIPEC-TOTAL

166.90

VITOL-TOTAL

166.90

SHENGHONG-TOTAL

166.90

UNIPEC-TOTAL

166.90

VITOL-TOTAL

166.90

GUNVOR-TOTAL

166.90

UNIPEC-TOTAL

166.90

UNIPEC-TOTAL

166.90

SHELL-TOTAL

166.90

UNIPEC-TOTAL

166.90

BP-TOTAL

166.90

UNIPEC-TOTAL

166.90

BP-TOTAL

166.90

GUNVOR-TOTAL

166.90

UNIPEC-TOTAL

166.90

GUNVOR-TOTAL

166.89

GUNVOR-TOTAL

166.89

VITOL-TOTAL

166.89

UNIPEC-TOTAL

166.80

BP-TOTAL

166.89

UNIPEC-TOTAL

166.80

SHELL-TOTAL

166.89

UNIPEC-TOTAL

166.80

SHELL-TOTAL

166.80

UNIPEC-TOTAL

166.80

GUNVOR-TOTAL

166.80

BP-TOTAL

166.80

UNIPEC-TOTAL

166.80

VITOL-TOTAL

166.80

GUNVOR-TOTAL

166.80

UNIPEC-TOTAL

166.80

VITOL-TOTAL

166.80

UNIPEC-TOTAL

166.80

SHELL-TOTAL

166.80

UNIPEC-TOTAL

166.80

SHELL-TOTAL

166.80

UNIPEC-TOTAL

166.80

SHELL-TOTAL

166.80

SHELL-TOTAL

166.80

UNIPEC-TOTAL

166.80

SHELL-TOTAL

166.80

GUNVOR-TOTAL

166.80

SHELL-TOTAL

166.80

UNIPEC-TOTAL

166.80

SHELL-TOTAL

166.80

UNIPEC-TOTAL

166.80


PRICES ($/BBL)


CURRENT

PREV SESSION

GME OMAN

166.96

153.12

GME OMAN DIFF TO DUBAI

65.58

60.04

CASH DUBAI

166.80

155.55


NEWS

Asia is expected to import a record volume of fuel oil from Russia in March after the U.S. eased sanctions, shipping data showed as of Thursday, ahead of expected tighter supplies from next month caused by the U.S.-Israeli war on Iran.

ExxonMobil, BP and Vitol are shipping a record volume of oil products to Australia from the United States in March, shipping data from trading sources shows, filling a gap left by the loss of regular supplies from Asia as the Iran conflict disrupts supplies.

U.S. President Donald Trump said an angry Israel had "violently lashed out" and attacked Iran's major gas field, a significant escalation in the U.S.-Israeli war, but said Israel would not make further such attacks unless Iran retaliated.

The discount for U.S. crude futures versus Brent on Wednesday hit the widest in 11 years, as attacks on Middle Eastern oil infrastructure drove the global benchmark higher while rising supply in the U.S. set the stage for a jump in oil exports.


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         
                       
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Japan O/JAPAN1  US EIA/S  Europe O/EUROIL1      
                    
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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