XM does not provide services to residents of the United States of America.

Middle East Crude-Benchmarks ease; trade for Sept-loading cargoes underway



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Middle East Crude-Benchmarks ease; trade for Sept-loading cargoes underway</title></head><body>

SINGAPORE, July 16 (Reuters) -Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban eased for a second straight session on Tuesday, while trades for September-loading cargoes are underway.

Unipec has bought three cargoes of Upper Zakum crude at premiums of between $1.65 and $1.70 a barrel above Dubai quotes, traders said.

Cosmo Oil and Hengyi Petrochemical bought one cargo of Das crude each at premiums between 80 and 90 cents a barrel to Dubai quotes, they added.

Spot premiums for September-loading cargoes have risen from the previous month after the widening of Brent's premium to Dubai spread curbed arbitrage flows from the Atlantic Basin to Asia and buoyed demand for Middle East grades.

QatarEnergy is expected to award on Wednesday tenders to sell al-Shaheen, Marine and Land crude.


SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 8 cents to $1.72 a barrel.

ExxonMobile will deliver September-loading Upper Zakum crude cargo to Mitsui following the deals, the U.S. major's second delivery this month.

SELLER-BUYER

PRICE $/BBL

EXXONMOBIL-MITSUI

83.84

EXXONMOBIL-PETROCHINA

83.84

RELIANCE-MITSUI

83.84

EXXONMOBIL-GLENCORE

83.80

EXXONMOBIL-PETROCHINA

83.84

EXXONMOBIL-SHELL

83.85

EXXONMOBIL-MITSUI

83.84

EXXONMOBIL-PETROCHINA

83.84

EXXONMOBIL-PETROCHINA

83.84

EXXONMOBIL-MITSUI

83.84

EXXONMOBIL-PETROCHINA

83.84

RELIANCE-BP

83.80

PHILLIPS 66-PETROCHINA

83.84

EXXONMOBIL-MITSUI

83.84

PTT-PETROCHINA

83.84

EXXONMOBIL-GLENCORE

83.80

EXXONMOBIL-PETROCHINA

83.84

EXXONMOBIL-MITSUI

83.84

EXXONMOBIL-PETROCHINA

83.83

PTT-PETROCHINA

83.84

EXXONMOBIL-MITSUI

83.84

EXXONMOBIL-PETROCHINA

83.83

EXXONMOBIL-PETROCHINA

83.83

HENGLI-MITSUI

83.84

EXXONMOBIL-PETROCHINA

83.83

EXXONMOBIL-PETROCHINA

83.83

RELIANCE-MITSUI

83.84

HENGLI-PETROCHINA

83.84

RELIANCE-PETROCHINA

83.83

VITOL-SHELL

83.85

EXXONMOBIL-PETROCHINA

83.85

EXXONMOBIL-PETROCHINA

83.83

HENGLI-PETROCHINA

83.84

EXXONMOBIL-GLENCORE

83.85

EXXONMOBIL-MITSUI

83.84

EXXONMOBIL-SHELL

83.86


PRICES ($/BBL)


CURRENT

PREV SESSION

DME OMAN

83.81

84.58

DME OMAN DIFF TO DUBAI

1.69

1.70

CASH DUBAI

83.84

84.68


REFINERY

Indonesian state energy company Pertamina expects its Balikpapan refinery's CDU IV to resume operations later this month, an official at its refinery subholding PT Kilang Pertamina Internasional said on Tuesday.

Indian private oil refiner Nayara Energy is planning to shut a delayed coker and some other units at its refinery in Vadinar for maintenance for about three weeks from end-August or early September, three trading sources said.


NEWS

Yemen's Houthis targeted three vessels, including an oil tanker, in the Red and Mediterranean seas with ballistic missiles, drones and booby-trapped boats, they said on Monday.

Exxon Mobil Corp XOM.N plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday.

China's state-owned oil and gas firm CNOOC 0883.HK said on Monday it achieved an exploration breakthrough in Bohai Bay, with a discovery well tested to produce about 210 cubic meters of crude oil and nearly 1 million cubic meters of natural gas.


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

Brent

BRENTSGMc1

Dubai

DUBSGSWMc2

DME Oman

OQc1

Brent/Dubai EFS

DUB-EFS-1M


PRODUCT CRACKS

Fuel oil crack

FO180SGCKMc1

Gasoil crack

GOSGCKMc1

Naphtha crack

NAF-SIN-CRK

Complex refining margins

REF/MARGIN1



Reporting by Florence Tan; Editing by Varun H K

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
</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.