Middle East Crude-Dubai eases; Total receives four cargoes

SINGAPORE, Feb 20 (Reuters) - Middle East crude benchmark Dubai eased in the first of six sessions on Friday despite purchases by TotalEnergies that led to the delivery of another four cargoes to the French major.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 7 cents to $1.02 a barrel.

TotalEnergies received two al-Shaheen crude cargoes from PTT and Shell and another two Upper Zakum crude cargoes from Reliance and PetroChina following the deals. The French major has bought 15 cargoes so far this month.

SELLER-BUYER	PRICE ($/BBL)
VITOL-MERCURIA	70.70
VITOL-TOTAL	70.70
PTT-TOTAL	70.70
RELIANCE-HENGLI	70.70
SHELL-TOTAL	70.70
VITOL-MERCURIA	70.70
PHILLIPS 66-TOTAL	70.70
SHELL-TOTAL	70.70
PHILLIPS 66-TOTAL	70.70
VITOL-MERCURIA	70.70
SHELL-TOTAL	70.70
PETROCHINA-TOTAL	70.70
TRAFIGURA-TOTAL	70.70
SHELL-MERCURIA	70.70
PTT-TOTAL	70.70
SHENGHONG-TOTAL	70.70
PETROCHINA-TOTAL	70.70
TRAFIGURA-TOTAL	70.70
PHILLIPS-MERCURIA	70.70
PETROCHINA-TOTAL	70.70
VITOL-TOTAL	70.70
TRAFIGURA-TOTAL	70.70
PETROCHINA-TOTAL	70.70
PHILLIPS-TOTAL	70.70
SHELL-MERCURIA	70.70
TRAFIGURA-TOTAL	70.70
VITOL-MERCURIA	70.70
BP-TOTAL	70.70
PETROCHINA-TOTAL	70.70
VITOL-TOTAL	70.70
BP-MERCURIA	70.70
SHELL-TOTAL	70.70
VITOL-TOTAL	70.70
BP-MERCURIA	70.70
PETROCHINA-TOTAL	70.70
RELIANCE-TOTAL	70.70
SHELL-TOTAL	70.70
BP-MERCURIA	70.70
PETROCHINA-TOTAL	70.70
VITOL-TOTAL	70.70
SHELL-TOTAL	70.70
BP-MERCURIA	70.70
SHELL-TOTAL	70.70
VITOL-TOTAL	70.70
BP-MERCURIA	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70
PHILLIPS 66-MERCURIA	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70
BP-MERCURIA	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70
BP-MERCURIA	70.70
TRAFIGURA-TOTAL	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70
SHELL-TOTAL	70.70

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	70.63	70.12
GME OMAN DIFF TO DUBAI	0.95	1.06
CASH DUBAI	70.70	70.15

NEWS

Crude oil exports from Saudi Araboa, the world's largest oil exporter fell to 6.988 million barrels per day, down from 7.378 million bpd in November and its lowest since September, data from the Joint Organizations Data Initiative showed on Thursday.

Russian state oil and gas revenue is seen almost halving in February to 410 billion roubles ($5.35 billion) from the same month in 2025 due to a stronger local currency and lower oil prices, Reuters calculations showed on Thursday.

Russia's flagship Urals oil blend is being sold from its Baltic ports at the deepest discounts for around three years compared to the global benchmark Brent crude, according to Reuters data.

Venezuela's refining network is operating at about 35% of its installed capacity of 1.29 million barrels per day, workers at the facilities said on Thursday, above the 20% to 25% of last year but still a low volume to secure enough fuel to meet rising domestic demand.

A management buyout of commodity trader Gunvor has valued the group at around $5 billion, according to two sources and a Reuters calculation based on deal's financing via a loan to staff.

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

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