Middle East Crude-Benchmarks extend gains; Oman, Dubai premiums around $65/bbl
SINGAPORE, March 19 (Reuters) - 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 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
