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

Middle East Crude -Benchmarks end the week below $80 a barrel



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Middle East Crude -Benchmarks end the week below $80 a barrel</title></head><body>

NEW DELHI, Aug 2 (Reuters) -Middle East crude benchmarks Dubai, Murban and Oman finished lower on Friday, with the Dubai grade falling more than $1 to $79.24 a barrel.

Chinese mega refiner Rongsheng Petrochemical has bought four Canadian TMX crude cargoes for November delivery, steady from the previous month's volumes, traders said. The four cargoes of Access Western Blend (AWB) to be exported from Canada's Trans Mountain pipeline were priced at discounts wider than $6 a barrel to ICE Brent on a delivered basis, they added.


RUSSIAN OIL

China's newest mega refiner Shandong Yulong Petrochemical has stepped up purchases of Russian crude oil cargoes for September arrival ahead of a planned test of its new plant, two trading sources said.

The company has bought at least three shipments of Russia's ESPO blend and one cargo of Sokol crude since last week, all for September delivery, several trading sources said.


SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 8 cents to 91 cents a barrel.


SELLER-BUYER

PRICE ($/BBL)

TRAFIGURA-VITOL

79.25

TRAFIGURA-GUNVOR

79.25

MITSUI-GUNVOR

79.25

UNIPEC-VITOL

79.25

RELIANCE-GUNVOR

79.25

MITSUI-GUNVOR

79.25

UNIPEC-VITOL

79.25

RELIANCE-VITOL

79.25

MITSUI-GUNVOR

79.25

TRAFIGURA-GUNVOR

79.25

UNIPEC-VITOL

79.25

IDEMITSU-GUNVOR

79.25

TRAFIGURA-VITOL

79.25

RELIANCE-VITOL

79.25

UNIPEC-GUNVOR

79.25

MITSUI-GUNVOR

79.24

UNIPEC-VITOL

79.24

MITSUI-GUNVOR

79.24

UNIPEC-VITOL

79.24

MITSUI-GLENCORE

79.24

UNIPEC-GUNVOR

79.24



PRICES ($/BBL)


CURRENT

PREV SESSION

DME OMAN

79.20

80.61

DME OMAN DIFF TO DUBAI

0.87

1.05

CASH DUBAI

79.24

80.55


NEWS

- A meeting of OPEC+ ministers has kept oil output policy unchanged, including a plan to start unwinding one layer of output cuts from October, and repeated that the increase could be paused or reversed if needed.

- Japan's biggest refiner, Eneos Corp, conducted an unplanned shutdown of the 145,000 barrel per day crude distillation unit at its Sendai refinery in northern Japan on Aug. 1, a company spokesperson said on Friday. REF/OUT



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 Mohi Narayan and Florence Tan
Editing by David Goodman

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.