Middle East Crude-Benchmarks rise; Oman, Murban reach one-week highs

ReutersOct 8, 2025 10:13 AM

SINGAPORE, Oct 8 (Reuters) - Middle East crude benchmarks increased on Wednesday, with spot premiums of Oman and Murban reaching their highest in about one week, supported by a less-than-expected output hike by OPEC+.

Markets plunged this month due to fears of an accelerated hike for November, but sentiment improved after the Organization of the Petroleum Exporting Countries plus Russia and smaller producers said they would raise production from November by 137,000 barrels per day (bpd), matching October's figure.

Oil prices posted similar gains on Wednesday.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose 15 cents to 88 cents a barrel.

PetroChina will deliver a December-loading Dubai crude cargo to Mitsui following the deals.

SELLER-BUYER	PRICE ($/BBL)
RELIANCE-MITSUI	65.94
HENGLI-MITSUI	65.94
SHENGHONG-MITSUI	65.94
MERCURIA-MITSUI	65.90
MERCURIA-MITSUI	65.90
PETROCHINA-MITSUI	65.90
MERCURIA-MITSUI	65.90
RELIANCE-MITSUI	65.90
PETROCHINA-MITSUI	65.87
PETROCHINA-MITSUI	65.86
MERCURIA-MITSUI	65.86
MERCURIA-GUNVOR	65.85
HENGLI-MITSUI	65.86
PETROCHINA-PHILLIPS 66	65.85
TRAFIGURA-GUNVOR	65.85
PETROCHINA-MITSUI	65.86
MERCURIA-CHEVRON	65.80
MERCURIA-MITSUI	65.86
TRAFIGURA-MITSUI	65.85
PETROCHINA-MITSUI	65.86
MERCURIA-MITSUI	65.86
PETROCHINA-MITSUI	65.86

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	66.21	66.01
GME OMAN DIFF TO DUBAI	1.23	1.04
CASH DUBAI	65.86	65.70

NEWS

Traders offering Russian oil have begun asking Indian state refiners to pay in Chinese yuan, taking recent signs of improving relations between New Delhi and Beijing as a chance to simplify deals with Indian buyers, trade sources said.

Taiwan's state-owned oil and gas major CPC Corp has shut one of its crude units and derivative units at its Talin refinery for a planned overhaul until the second half of November, three people familiar with the matter said.

Iraq and Exxon Mobil XOM.N will sign an agreement on Wednesday to manage, develop and operate the Majnoon oil field in southern Iraq, three Iraqi official sources with knowledge of the matter told Reuters.

U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, even as the agency warned that a glut of oil will weigh on prices in the months ahead.

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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.