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Middle East Crude-Benchmarks rebound; tender results eyed

Reuters · 11/16/2022 05:40
Middle East Crude-Benchmarks rebound; tender results eyed


- Middle East crude benchmarks Oman, Dubai and Murban edged higher on Wednesday, but market sentiment remains bearish amid persistent demand concerns.

The market still awaited results of Qatar Energy's tenders to sell January-loading cargoes.

Vietnam's PV Oil issued a tender to sell late January-loading Su Tu Den crude.


SINGAPORE CASH DEALS

Cash Dubai's premium to swaps gained 18 cents to $2.46 a barrel.

Seller-Buyer

Price

Reliance-Vitol

88.00

Unipec-Glencore

88.00

Unipec-PetroChina

88.00

Unipec-Vitol

88.00

Exxonmobil-Gunvor

88.04

Unipec-Glencore

88.00

Unipec-PetroChina

88.00

Exxonmobil-Gunvor

88.04

Phillips 66-Vitol

88.00

Unipec-Glencore

88.00

Exxonmobil-Gunvor

88.04

Phillips 66-Vitol

88.00

Exxonmobil-Gunvor

88.04

Exxonmobil-Gunvor

88.04

Unipec-Glencore

88.00


PRICES ($/BBL)


CURRENT

PREV SESSION

DME OMAN

88.03

86.74

DME OMAN DIFF TO DUBAI

2.49

2.22

CASH DUBAI

88.00

86.80


NEWS

Iraq wants a review of the production quota allocated to it by oil producer group OPEC, state agency INA reported on Tuesday, citing Prime Minister Mohammed Shia al-Sudani.

The Druzhba oil pipeline can likely be restarted within a short time as the pipeline itself had been damaged, Hungarian Foreign Minister Peter Szijjarto said in a video on his Facebook page on Wednesday.

U.S. crude oil stockpiles fell in the latest week, while fuel stockpiles rose, according to market sources citing American Petroleum Institute figures on Tuesday.


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 Muyu Xu; Editing by Shounak Dasgupta)

((muyu.xu@thomsonreuters.com; +65 9829 1075))

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 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