Middle East Crude-Benchmarks little changed; Qatar tenders eyed
SINGAPORE, Nov 14 (Reuters) -Middle East crude benchmarks Oman, Dubai and Murban were little changed on Thursday as traders waited for the results of QatarEnergy tenders.
The producer has offered five al-Shaheen crude cargoes for January loading, along with Marine and Land crude in its monthly tenders.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 2 cents to 56 cents a barrel.
SELLER-BUYER | PRICE ($/BBL) |
PHILLIPS 66-TOTAL | 71.45 |
EXXONMOBIL-TOTAL | 71.45 |
EXXONMOBIL-TOTAL | 71.45 |
TRAFIGURA-TOTAL | 71.45 |
PHILLIPS 66-TOTAL | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
EXXONMOBIL-GLENCORE | 71.44 |
RELIANCE-PETROCHINA | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
EXXONMOBIL-EQUINOR | 71.44 |
EXXONMOBIL-GLENCORE | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
PHILLIPS 66-EQUINOR | 71.44 |
PHILLIPS 66-PETROCHINA | 71.44 |
EXXONMOBIL-EQUINOR | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
EXXONMOBIL-GLENCORE | 71.44 |
TRAFIGURA-TOTAL | 71.44 |
EXXONMOBIL-EQUINOR | 71.44 |
PHILLIPS 66-PETROCHINA | 71.43 |
EXXONMOBIL-TOTAL | 71.44 |
TRAFIGURA-EQUINOR | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
EXXONMOBIL-TOTAL | 71.44 |
UNIPEC-TOTAL | 71.43 |
VITOL-TOTAL | 71.45 |
UNIPEC-TOTAL | 71.43 |
EXXONMOBIL-TOTAL | 71.44 |
UNIPEC-TOTAL | 71.43 |
TRAFIGURA-TOTAL | 71.43 |
MITSUI-TOTAL | 71.43 |
UNIPEC-TOTAL | 71.43 |
SHENGHONG-PETROCHINA | 71.43 |
PTT-TOTAL | 71.42 |
MITSUI-PETROCHINA | 71.43 |
TRAFIGURA-TOTAL | 71.41 |
RELIANCE-TOTAL | 71.42 |
TRAFIGURA-TOTAL | 71.41 |
RELIANCE-TOTAL | 71.42 |
UNIPEC-GLENCORE | 71.43 |
TRAFIGURA-PETROCHINA | 71.43 |
EXXONMOBIL-GLENCORE | 71.43 |
RELIANCE-TOTAL | 71.42 |
PHILLIPS 66-TOTAL | 71.41 |
MITSUI-GLENCORE | 71.42 |
BP-TOTAL | 71.41 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 71.42 | 71.17 |
GME OMAN DIFF TO DUBAI | 0.56 | 0.56 |
CASH DUBAI | 71.42 | 71.15 |
NEWS
The world's demand for oil will fall short of supply by more than 1 million barrels per day (bpd) in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said in its monthly oil market report on Thursday.
Net income at Japanese oil refiners fell in the first half of their fiscal year, but they maintained profitability and outperformed their South Korean rivals as strong domestic margins shielded them from a weak overseas market.
President-elect Donald Trump's pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela, but concerns about retaliation by China could temper any efforts, analysts said on Wednesday.
U.S. refiner margins for gasoline and diesel will be relatively unchanged next year, the U.S. Energy Information Administration said on Wednesday, signaling relief for fuel producers who saw profits slump sharply since 2022 on slowing demand growth.
French oil major TotalEnergies TTEF.PA has awarded engineering contracts worth at least $3 billion as part of its fast-track development of Suriname's first offshore project.
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 |
Reporting by Florence Tan; Editing by Shreya Biswas
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