Middle East Crude-Dubai, Murban premiums rise to around record highs

- Middle East crude benchmark Dubai premium rose on Monday to near the record high hit last week, while Murban premium also jumped to an all-time high, amid supply disruptions from the U.S.-Iran war.

Oil prices rose on Monday after Iran's Revolutionary Guards said they would target Israel's power plants and those supplying U.S. bases in the Middle East in retaliation against any attack on Iran's electricity sector.

Saudi Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month in April, two sources with knowledge of the matter said on Monday, after the Middle East war disrupted trade via the Strait of Hormuz.


SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose $2.91 to $64.37 a barrel.

Unipec will deliver two, and Vitol will deliver one May-loading Oman crude cargo to TotalEnergies following the deals.

SELLER-BUYER

PRICE ($/BBL)

UNIPEC-TOTAL

169.20

UNIPEC-TOTAL

169.20

UNIPEC-TOTAL

169.30

UNIPEC-TOTAL

169.30

UNIPEC-TOTAL

169.35

UNIPEC-TOTAL

169.40

UNIPEC-TOTAL

169.45

UNIPEC-TOTAL

169.45

UNIPEC-TOTAL

169.45

UNIPEC-TOTAL

169.50

UNIPEC-TOTAL

169.55

UNIPEC-TOTAL

169.55

UNIPEC-TOTAL

169.60

UNIPEC-TOTAL

169.60

UNIPEC-TOTAL

169.65

UNIPEC-TOTAL

169.65

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.75

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.75

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.75

UNIPEC-TOTAL

169.70

UNIPEC-TOTAL

169.75

UNIPEC-TOTAL

169.75

UNIPEC-TOTAL

169.75

PHILLIPS 66-TOTAL

169.75

SHENGHONG-TOTAL

169.75

PHILLIPS 66-TOTAL

169.75

VITOL-TOTAL

169.75

VITOL-TOTAL

169.75

PHILLIPS 66-TOTAL

169.75

VITOL-TOTAL

169.75

GUNVOR-TOTAL

169.75

VITOL-TOTAL

169.75

UNIPEC-TOTAL

169.75

VITOL-TOTAL

169.75

UNIPEC-TOTAL

169.75

VITOL-TOTAL

169.75

SHELL-TOTAL

169.75

VITOL-TOTAL

169.75

SHELL-TOTAL

170.65

MITSUI-TOTAL

169.75

VITOL-TOTAL

169.75

UNIPEC-TOTAL

169.75

VITOL-TOTAL

169.75

PHILLIPS 66-TOTAL

169.75

VITOL-TOTAL

169.75

VITOL-TOTAL

169.75

VITOL-TOTAL

169.75

VITOL-TOTAL

169.75

MITSUI-TOTAL

169.75

PHILLIPS 66-TOTAL

169.75

VITOL-TOTAL

169.78

UNIPEC-TOTAL

169.75

VITOL-TOTAL

169.78

UNIPEC-TOTAL

169.75

VITOL-TOTAL

169.78

SHELL-TOTAL

169.75

UNIPEC-TOTAL

169.75

SHELL-TOTAL

169.75

SHELL-TOTAL

169.75


PRICES ($/BBL)


CURRENT

PREV SESSION

GME OMAN

160.20

157.94

GME OMAN DIFF TO DUBAI

54.82

60.55

CASH DUBAI

169.75

158.85


NEWS

Russia's Primorsk and Ust-Luga ports on the Baltic Sea suspended oil and fuel loadings on March 22 following drone attacks, two sources said on Monday.

Indian refiners plan to resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions to alleviate an energy crunch caused by the U.S.-Israeli war on Iran, traders said on Saturday.

Saudi Aramco Chief Executive Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source told Reuters.

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.

China's state-run refiner Sinopec 600028.SS does not intend to buy Iranian oil but is pushing for permission to tap state reserves, a senior executive said on Monday, days after the U.S. waived sanctions for buyers of some Iranian crude.


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


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