Middle East Crude-Murban slips; Oman, Dubai steady

ReutersAug 13, 2025 9:24 AM

SINGAPORE, Aug 13 (Reuters) - Middle East crude benchmark spot premium of Murban slipped on Wednesday, while that of Oman and Dubai little moved after three consecutive declines previously.

Oil prices fell on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday's meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

The International Energy Agency on Wednesday raised its forecast for oil supply growth this year following OPEC+'s decision but lowered its demand forecast due to lacklustre demand across the major economies.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 2 cents to $2.25 a barrel.

SELLER-BUYER	PRICE ($/BBL)
PHILLIPS 66-PETROCHINA	67.40
GLENCORE-TRAFIGURA	67.40
PHILLIPS 66-PETROCHINA	67.40
PHILLIPS 66-TRAFIGURA	67.40
EXXONMOBIL-PETROCHINA	67.40
GUNVOR-TRAFIGURA	67.40
RELIANCE-PETROCHINA	67.40
EXXONMOBIL-PETROCHINA	67.40
PHILLIPS 66-TRAFIGURA	67.40
EXXONMOBIL-TRAFIGURA	67.40
EXXONMOBIL-PETROCHINA	67.39
EXXONMOBIL-PETROCHINA	67.39
GLENCORE-PETROCHINA	67.40
UNIPEC-TRAFIGURA	67.39
EXXONMOBIL-TRAFIGURA	67.39
UNIPEC-PETROCHINA	67.40
EXXONMOBIL-TRAFIGURA	67.39
BP-PETROCHINA	67.40
EXXONMOBIL-TRAFIGURA	67.39
GLENCORE-PETROCHINA	67.40
EXXONMOBIL-PETROCHINA	67.39
HENGLI-PETROCHINA	67.40
UNIPEC-PETROCHINA	67.40
EXXONMOBIL-TRAFIGURA	67.39
RELIANCE-PETROCHINA	67.40
GLENCORE-PETROCHINA	67.40
UNIPEC-PETROCHINA	67.40
EXXONMOBIL-VITOL	67.39
GUNVOR-TRAFIGURA	67.38
EXXONMOBIL-VITOL	67.39
EXXONMOBIL-PETROCHINA	67.39
RELIANCE-TRAFIGURA	67.40
BP-TRAFIGURA	67.38

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	67.36	68.46
GME OMAN DIFF TO DUBAI	2.23	2.23
CASH DUBAI	67.38	68.50

NEWS

The International Energy Agency on Wednesday raised its forecast for oil supply growth this year following a decision by the OPEC+ producer group to hike production and lowered its demand forecast due to lacklustre demand across the major economies.

A Chevron-chartered CVX.N tanker docked at Venezuelan state company PDVSA's Jose terminal on Tuesday, positioning it to be the first to export crude to the United States under a new license Chevron received in July, LSEG tracking data showed.

U.S. crude production will hit a record 13.41 million barrels per day in 2025 due to increases in well productivity, though lower oil prices will prompt a fall in output in 2026, the Energy Information Administration forecasted on Tuesday in a monthly report.

Russia's seaborne oil product exports in July were down 6.6% from June at 8.67 million metric tons amid planned domestic refinery maintenance and strong domestic demand, data from industry sources and Reuters calculations showed.

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

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

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