SINGAPORE, Feb 13 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban extended gains on Friday, after QatarEnergy set the term price for al-Shaheen oil loading in April at the highest in five months.
On a weekly basis, benchmarks held steady.
State-owned QatarEnergy has set the April term price for al-Shaheen crude at 87 cents a barrel to Dubai quotes, trade sources said, a jump from the term price for March, which was minus 33 cents a barrel to Dubai quotes, and the highest since November's term price.
QatarEnergy sold six al-Shaheen cargoes, including three to Indian refiner Reliance RELI.NS. The rest went to Totsa, the trading arm of TotalEnergies TTEF.PA, and Shell SHEL.L, the sources said.
The cargoes, each carrying about 500,000 barrels, are to load on April 1-2, 16-17, 17-18, 19-20, 25-26 and 27-28.
Separately, Qatar awarded a Qatar Marine crude cargo to Japanese refiner Eneos at a small premium. It also awarded a Qatar Land cargo to Reliance at a premium of around $1.10 per barrel, the people said.
Also, Taiwan's CPC Corporation bought four million barrels of WTI crude via a tender from the United States for May-arrival, trade sources said on Friday.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 10 cents to 99 cents a barrel.
Shell will deliver a April-loading Upper Zakum crude to TotalEnergies following the deals.
SELLER-BUYER | PRICE ($/BBL) |
TRAFIGURA-TOTAL | 66.83 |
SHELL-TOTAL | 66.83 |
TRAFIGURA-MERCURIA | 66.80 |
SHELL-TOTAL | 66.82 |
TRAFIGURA-TOTAL | 66.82 |
SHELL-MERCURIA | 66.80 |
TRAFIGURA-HENGLI | 66.80 |
SHELL-TOTAL | 66.82 |
TRAFIGURA-MERCURIA | 66.83 |
SHELL-MERCURIA | 66.83 |
EXXONMOBIL-TOTAL | 66.82 |
TRAFIGURA-MERCURIA | 66.83 |
SHELL-MERCURIA | 66.83 |
VITOL-TOTAL | 66.85 |
PETROCHINA-MERCURIA | 66.84 |
PETROCHINA-TOTAL | 66.85 |
TRAFIGURA-MERCURIA | 66.84 |
VITOL-TOTAL | 66.85 |
TRAFIGURA-MERCURIA | 66.84 |
SHELL-TOTAL | 66.85 |
TRAFIGURA-MERCURIA | 66.84 |
PETROCHINA-TOTAL | 66.85 |
SHELL-MERCURIA | 66.84 |
SHELL-MERCURIA | 66.84 |
PETROCHINA-TOTAL | 66.85 |
SHELL-MERCURIA | 66.84 |
RELIANCE-TOTAL | 66.85 |
PETROCHINA-MERCURIA | 66.84 |
PETROCHINA-MERCURIA | 66.84 |
EXXONMOBIL-TOTAL | 66.84 |
PETROCHINA-MERCURIA | 66.85 |
SHELL-MERCURIA | 66.84 |
VITOL-TOTAL | 66.84 |
EXXONMOBIL-MERCURIA | 66.84 |
RELIANCE-MERCURIA | 66.85 |
SHENGHONG-MERCURIA | 66.85 |
EXXONMOBIL-TOTAL | 66.84 |
SHELL-MERCURIA | 66.84 |
PETROCHINA-MERCURIA | 66.85 |
TRAFIGURA-MERCURIA | 66.84 |
RELIANCE-MERCURIA | 66.85 |
SHELL-TOTAL | 66.84 |
SHELL-MERCURIA | 66.84 |
VITOL-MERCURIA | 66.85 |
SHELL-TOTAL | 66.84 |
PETROCHINA-MERCURIA | 66.87 |
TRAFIGURA-MERCURIA | 66.84 |
SHELL-TOTAL | 66.84 |
RELIANCE-MERCURIA | 66.84 |
SHELL-TOTAL | 66.84 |
VITOL-MERCURIA | 66.85 |
SHELL-MERCURIA | 66.84 |
RELIANCE-TOTAL | 66.84 |
SHENGHONG-TOTAL | 66.85 |
TRAFIGURA-MERCURIA | 66.84 |
RELIANCE-TOTAL | 66.85 |
SHELL-TOTAL | 66.84 |
EXXONMOBIL-TOTAL | 66.85 |
SHELL-MERCURIA | 66.84 |
PETROCHINA-TOTAL | 66.85 |
PETROCHINA-TOTAL | 66.85 |
RELIANCE-TOTAL | 66.85 |
PETROCHINA-MERCURIA | 66.87 |
VITOL-TOTAL | 66.86 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 66.82 | 68.67 |
GME OMAN DIFF TO DUBAI | 0.95 | 0.87 |
CASH DUBAI | 66.86 | 68.69 |
NEWS
Saudi-backed Midad Energy has signed a term sheet to acquire Russia’s sanctioned Lukoil assets in a high-stakes contest against rivals including private equity giant Carlyle Group CG.O, with the deal contingent on U.S. regulatory approval, according to three people familiar with the matter.
Oil sales from Venezuela controlled by the U.S. have totaled over $1 billion since the capture of President Nicolas Maduro in January and in the next few months will bring in another $5 billion, U.S. Secretary of Energy Chris Wright told NBC News on Thursday.
The shipping industry's biggest players are shrugging off Trump administration opposition to a global carbon price and are forging ahead with billions of dollars in emissions-reducing investments, according to company officials and a Reuters analysis of data.
The United States has issued a general licence to India's Reliance Industries that will allow the refiner to buy Venezuelan oil directly without violating sanctions, two sources familiar with the matter said.
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 Sonia Cheema)
((siyi.liu@thomsonreuters.com;))
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