Middle East Crude-Benchmarks rise to one-week high amid supply fears

Reuters
05-21
Middle East Crude-Benchmarks rise to one-week high amid supply fears

SINGAPORE, May 21 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban rose for a second session to one-week highs on Wednesday with fears of a supply disruption after reports that Israel could be preparing to strike Iranian nuclear facilities.

Taiwan's CPC issued a tender to buy August-arrival sweet crude which will close on May 22, according to the company notice.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose 16 cents to $1.46 a barrel.

Gunvor will deliver a July-loading Murban crude cargo to Trafigura following the deals.

TotalEnergies and ExxonMobil will each deliver a July-loading Upper Zakum crude cargo to PetroChina following the deals.

North Petroleum International will deliver a July-loading Murban crude cargo to PetroChina following the deals.

Vitol will deliver a July-loading Oman crude cargo to PetroChina following the deals.

SELLER-BUYER

PRICE ($/BBL)

VITOL-PETROCHINA

66.05

GUNVOR-TRAFIGURA

66.05

TOTAL-PETROCHINA

66.05

RELIANCE-MITSUI

66.00

VITOL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

GUNVOR-TRAFIGURA

66.05

VITOL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

EXXONMOBIL-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

EXXONMOBIL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

RELIANCE-MITSUI

66.00

VITOL-PETROCHINA

66.05

EXXONMOBIL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

NPI-PETROCHINA

66.05

TOTAL-PETROCHINA

66.05

EXXONMOBIL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

PHILLIPS 66-PETROCHINA

66.09

RELIANCE-PETROCHINA

66.10

VITOL-PETROCHINA

66.05

EXXONMOBIL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

TOTAL-PETROCHINA

66.10

VITOL-PETROCHINA

66.05

VITOL-TRAFIGURA

66.05

GUNVOR-PETROCHINA

66.05

TOTAL-PETROCHINA

66.10

VITOL-PETROCHINA

66.05

VITOL-TRAFIGURA

66.05

GUNVOR-PETROCHINA

66.05

EXXONMOBIL-PETROCHINA

66.05

VITOL-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

TOTAL-PETROCHINA

66.10

VITOL-PETROCHINA

66.05

RELIANCE-TRAFIGURA

66.04

RELIANCE-PETROCHINA

66.15

GUNVOR-PETROCHINA

66.05

GUNVOR-PETROCHINA

66.05

PRICES ($/BBL)

CURRENT

PREV SESSION

GME OMAN

66.05

65.01

GME OMAN DIFF TO DUBAI

1.46

1.30

CASH DUBAI

66.05

65.03

NEWS

Seventeen people were injured, four seriously, when a fire broke out in the early hours of Tuesday at Chevron's CVX.N deep-water Benguela Belize Lobito Tomboco (BBLT) oil platform, Angolan authorities and the U.S. oil major said in statements.

U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir Basin, the Turkish energy minister said.

Kazakhstan's oil production has risen by 2% in May, an industry source said on Tuesday, an increase that defies pressure from OPEC+ on the Central Asian country to reduce its output.

Shell SHEL.L shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP BP.L that the bar for mergers and acquisitions was very high.

India's Russian crude oil imports will hit close to 1.8 million barrels per day in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.

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

(Reporting by Siyi Liu in Singapore; Editing by Leroy Leo)

((siyi.liu@thomsonreuters.com;))

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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