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

Middle East Crude-Benchmarks premiums rise further



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Middle East Crude-Benchmarks premiums rise further</title></head><body>

SINGAPORE, Sept 3 (Reuters) -Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban rose on Tuesday, cementing a strong start to September, rising to over $2 a barrel to Dubai quotes.

The premiums are about $1 a barrel higher than last month's average, Reuters data showed.


SAUDI OSP

Top oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday.

The October official selling price (OSP) for flagship Arab Light crude is expected to fall between 50 and 70 cents a barrel, three of five refining sources said in a Reuters survey, to track a similar trend for Dubai price spreads last month.


SINGAPORE CASH DEALS

Cash Dubai's premium to swaps was at $2.06 a barrel, up from an $2.03 on Monday and an average of 90 cents a barrel last month.


SELLER-BUYER

PRICE ($/BBL)

EXXONMOBIL-VITOL

76.65

EXXONMOBIL-MITSUI

76.64

EXXONMOBIL-MITSUI

76.64

EXXONMOBIL-MITSUI

76.64

EXXONMOBIL-MITSUI

76.64

EXXONMOBIL-VITOL

76.64

EXXONMOBIL-MITSUI

76.64

EXXONMOBIL-VITOL

76.64

PETROCHINA-VITOL

76.64

EXXONMOBIL-MITSUI

76.64

PETROCHINA-VITOL

76.64

EXXONMOBIL-MITSUI

76.64



PRICES ($/BBL)


CURRENT

PREV SESSION

GME OMAN

76.63

76.41

GME OMAN DIFF TO DUBAI

2.05

1.95

CASH DUBAI

76.64

76.49


NEWS

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

Japan will spend about 989 billion yen ($6.73 billion) from its reserve fund to cover energy subsidies designed to ease the burden on households, Finance Minister Shunichi Suzuki said.

Yemen's Iran-backed Houthi rebels attacked two crude oil tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea, the U.S. military said, calling the assaults "reckless acts of terrorism".


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 Sudarshan Varadhan; Editing by Alan Barona

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.