SINGAPORE, May 2 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban rose on Friday, following a sharp decline earlier in the week that sent them to a seven-week low.
A threat from U.S. President Donald Trump to impose secondary sanctions on buyers of Iranian oil raised fresh supply jitters.
Market were focused on production outlook as eight OPEC+ countries will meet on May 5 to decide a June output plan.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 16 cents to $0.93 a barrel.
Vitol will deliver a July-loading Murban crude cargo to PetroChina following the deals.
SELLER-BUYER | PRICE ($/BBL) |
VITOL-TRAFIGURA | 62.15 |
BP-TRAFIGURA | 62.15 |
GUNVOR-TRAFIGURA | 62.10 |
PTT-TRAFIGURA | 62.10 |
VITOL-PETROCHINA | 62.05 |
VITOL-GLENCORE | 62.05 |
VITOL-MITSUI | 62.05 |
VITOL-TRAFIGURA | 62.05 |
VITOL-PETROCHINA | 62.05 |
GUNVOR-TRAFIGURA | 62.05 |
VITOL-MITSUI | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-TRAFIGURA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-MITSUI | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-MITSUI | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
PTT-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
PTT-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
BP-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
VITOL-PETROCHINA | 62.05 |
GUNVOR-PETROCHINA | 62.02 |
PTT-PETROCHINA | 62.02 |
VITOL-PETROCHINA | 62.02 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 62.10 | 62.19 |
GME OMAN DIFF TO DUBAI | 1.01 | 0.41 |
CASH DUBAI | 62.02 | 62.55 |
NEWS
U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately subject to secondary sanctions.
Shell SHEL.L exceeded analyst expectations on Friday, reporting a 28% drop in first-quarter net profit to $5.58 billion, while holding steady the pace of its share buyback programme despite falling oil prices and lower refining margins.
Singapore's middle distillates stockpiles climbed to a two-week high even as net exports rose, official data showed on Friday.
Venezuela's oil exports fell almost 20% to some 700,000 barrels per day (bpd) in April, the lowest level in nine months, as cargo cancellations to U.S.-based producer Chevron CVX.N forced ships to return and left some ports empty, ship tracking data and documents showed.
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 Sahal Muhammed)
((siyi.liu@thomsonreuters.com;))
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