Middle East Crude-Dubai, Murban premiums rebounds as supply concern lingers
SINGAPORE, April 28 (Reuters) - Middle East crude benchmark premiums of Dubai and Murban rebounded on Tuesday as the Iran war persisted and the supply outlook lingered.
U.S. President Donald Trump is unhappy with the latest Iranian proposal to end the war, a U.S. official said on Monday, as Iranian sources disclosed that it avoided addressing the nuclear program until hostilities cease and Gulf shipping disputes are resolved.
Trump's displeasure with the offer leaves the conflict deadlocked, with Iran shutting shipping flows through the Strait of Hormuz, a conduit for about 20% of global oil and gas supplies, and the U.S. retaining its blockade of Iranian ports.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose $2.13 to $11.30 a barrel.
SELLER-BUYER | PRICE ($/BBL) |
MITSUI-TOTAL | 107.20 |
SHELL-TOTAL | 107.30 |
UNIPEC-BP | 108.40 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 103.41 | 102.37 |
GME OMAN DIFF TO DUBAI | 6.31 | 6.74 |
CASH DUBAI | 108.40 | 104.80 |
NEWS
Kazakhstan will redirect 260,000 metric tons of oil previously scheduled for transfer to Germany via the Druzhba pipeline in May, the country's energy ministry said on Tuesday.
JPMorgan and two Kuwaiti lenders are joining HSBC in a $6 billion financing syndicate for prospective buyers of a stake in Kuwait Petroleum Corporation's crude oil pipeline network, three people with knowledge of the matter told Reuters.
Six tankers loaded with Iranian oil have been forced back to Iran by the U.S. blockade in recent days, ship-tracking data shows, underscoring the impact the Iran war is having on traffic through the Strait of Hormuz, a major global oil export route.
Top U.S. independent refiners are expected to report stronger first-quarter results than a year ago, helped by supply disruptions tied to the war in the Middle East that drove fuel margins to multi-year highs.
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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