Middle East Crude-Dubai and Murban rise ahead of holiday

Reuters
24 Dec 2024

SINGAPORE, Dec 24 (Reuters) - Middle East crude benchmarks Dubai and Murban rose on Tuesday from multi-week lows hit in the previous session, with some deals concluded ahead of the Christmas holiday.

Spot premiums have gained this month compared with November thanks to better demand from Asian buyers.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose 48 cents to $1.17 a barrel.

BP Reliance, and ExxonMobil will each declare a February-loading Upper Zakum crude cargo to TotalEnergies following the deals.

Trafigura will deliver a February Oman crude cargo to TotalEnergies following the deals.

SELLER-BUYER PRICE

($/BBL)

BP-TOTAL 73.25

BP-TOTAL 73.25

EXXONMOBIL-TOTAL 73.25

BP-TOTAL 73.25

EXXONMOBIL-TOTAL 73.25

BP-TOTAL 73.26

BP-TOTAL 73.25

TRAFIGURA-TOTAL 73.25

RELIANCE-TOTAL 73.25

TRAFIGURA-GLENCORE 73.25

EXXONMOBIL-GLENCORE 73.26

EXXONMOBIL-HENGLI 73.25

TRAFIGURA-TOTAL 73.25

VITOL-GLENCORE 73.26

EXXONMOBIL-TOTAL 73.25

MITSUI-GLENCORE 73.26

VITOL-TOTAL 73.26

TRAFIGURA-GLENCORE 73.27

VITOL-GLENCORE 73.26

TRAFIGURA-TOTAL 73.27

TRAFIGURA-TOTAL 73.27

VITOL-GLENCORE 73.26

BP-TOTAL 73.27

TRAFIGURA-TOTAL 73.27

TRAFIGURA-TOTAL 73.27

RELIANCE-TOTAL 73.30

BP-GLENCORE 73.28

TRAFIGURA-TOTAL 73.27

VITOL-HENGLI 73.28

TRAFIGURA-GLENCORE 73.27

EXXONMOBIL-TOTAL 73.27

BP-TOTAL 73.28

TRAFIGURA-GLENCORE 73.27

EXXONMOBIL-TOTAL 73.27

BP-TOTAL 73.28

TRAFIGURA-GLENCORE 73.27

EXXONMOBIL-TOTAL 73.27

EXXONMOBIL-MERCURIA 73.25

VITOL-TOTAL 73.28

TRAFIGURA-TOTAL 73.27

BP-TOTAL 73.28

TRAFIGURA-GLENCORE 73.27

TRAFIGURA-TOTAL 73.27

TRAFIGURA-GLENCORE 73.27

BP-TOTAL 73.28

TRAFIGURA-TOTAL 73.27

TRAFIGURA-GLENCORE 73.28

BP-TOTAL 73.29

MITSUI-GLENCORE 73.29

TRAFIGURA-TOTAL 73.28

BP-GLENCORE 73.29

UNIPEC-TOTAL 73.30

TRAFIGURA-TOTAL 73.28

PRICES ($/BBL)

CURRENT PREV SESSION

CASH DUBAI 73.28 73.32

NEWS

India's crude oil imports rose 2.6% year-on-year to 19.07 million metric tons in November, government data showed on Monday.

Equinor said on Monday it has bought an additional stake of 0.2% in Danish energy group Orsted , raising its ownership to 10%, in line with the Norwegian group's previously stated intention.

The Spanish government has issued a decree extending a temporary tax on energy companies into 2025, Prime Minister Pedro Sanchez said on Monday, after lawmakers voted last week to eliminate the levy.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

Brent

Dubai

GME Oman

Brent/Dubai EFS

PRODUCT CRACKS

Fuel oil crack

Gasoil crack

Naphtha crack

Gasoline crack

Complex refining margins

(Reporting by Siyi Liu in Singapore; Editing by Janane Venkatraman )

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

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