SINGAPORE, March 17 (Reuters) - Middle East crude benchmark Dubai rallied again on Tuesday to hit $60 per barrel, its highest in record, as the U.S. and Israeli war on Iran cut supplies from the vital oil-producing region.
Middle East oil is now the most expensive in the world.
Oil prices rose around 3% on Tuesday, clawing back some of the previous session's losses on renewed supply fears as the Strait of Hormuz remained largely shut and U.S. allies rejected calls to deploy warships to escort tankers through the key chokepoint. O/R
TENDER
India's HPCL is seeking up to two million barrels of oil from the ex-Gulf region for May arrival, with the tender set to close today, traders said.
Meanwhile, Taiwan's CPC issued a tender seeking sweet crude for June arrival, according to a note published on the company website.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose $4.8 to $60.81 a barrel.
Phillips 66 will deliver one and Shell will deliver two May-loading Oman crude cargoes to TotalEnergies following the deals.
Unipec, BP, Trafigura and Vitol will each deliver one May-loading Oman crude cargo to TotalEnergies following the deals.
SELLER-BUYER | PRICE ($/BBL) |
PHILLIPS 66-TOTAL | 153.75 |
PHILLIPS 66-TOTAL | 153.75 |
PHILLIPS 66-TOTAL | 153.70 |
PHILLIPS 66-TOTAL | 153.75 |
PHILLIPS 66-TOTAL | 153.75 |
PHILLIPS 66-TOTAL | 153.75 |
PHILLIPS 66-TOTAL | 153.75 |
PHILLIPS 66-TOTAL | 153.80 |
PHILLIPS 66-TOTAL | 153.80 |
PHILLIPS 66-TOTAL | 153.85 |
PHILLIPS 66-TOTAL | 153.90 |
PHILLIPS 66-TOTAL | 154.05 |
UNIPEC-MITSUI | 154.05 |
PHILLIPS 66-TOTAL | 154.10 |
UNIPEC-TOTAL | 154.15 |
SHELL-TOTAL | 154.20 |
PHILLIPS 66-TOTAL | 154.25 |
SHELL-TOTAL | 154.30 |
PHILLIPS 66-TOTAL | 154.35 |
SHELL-EQUINOR | 154.35 |
SHELL-TOTAL | 154.35 |
UNIPEC-MITSUI | 154.29 |
UNIPEC-TOTAL | 154.35 |
UNIPEC-TOTAL | 154.35 |
PHILLIPS 66-TOTAL | 154.40 |
SHELL-TOTAL | 154.40 |
SHELL-TOTAL | 154.40 |
SHELL-TOTAL | 154.45 |
SHELL-TOTAL | 154.45 |
SHELL-TOTAL | 154.45 |
SHELL-TOTAL | 154.45 |
SHELL-TOTAL | 154.50 |
SHELL-TOTAL | 154.50 |
SHELL-TOTAL | 154.55 |
SHELL-TOTAL | 154.60 |
SHELL-TOTAL | 154.60 |
VITOL-PHILLIPS 66 | 156.00 |
VITOL-PHILLIPS 66 | 156.00 |
VITOL-EQUINOR | 156.00 |
SHELL-MITSUI | 155.49 |
SHELL-TOTAL | 155.50 |
SHELL-TOTAL | 155.50 |
SHELL-TOTAL | 155.60 |
VITOL-RELIANCE | 156.00 |
SHELL-TOTAL | 155.65 |
SHELL-TOTAL | 155.70 |
SHELL-MITSUI | 155.81 |
BP-MITSUI | 155.84 |
SHELL-TOTAL | 155.80 |
SHELL-TOTAL | 155.80 |
BP-TOTAL | 155.95 |
SHELL-MITSUI | 155.96 |
SHELL-MITSUI | 155.96 |
SHELL-TOTAL | 155.95 |
BP-TOTAL | 156.00 |
SHELL-TOTAL | 156.00 |
SHELL-TOTAL | 156.05 |
BP-MITSUI | 156.04 |
BP-TOTAL | 156.05 |
BP-TOTAL | 156.05 |
BP-TOTAL | 156.05 |
BP-TOTAL | 156.05 |
BP-TOTAL | 156.05 |
BP-TOTAL | 156.05 |
SHELL-TOTAL | 156.10 |
SHELL-TOTAL | 156.10 |
VITOL-EQUINOR | 156.10 |
SHELL-TOTAL | 156.10 |
SHELL-TOTAL | 156.10 |
SHELL-TOTAL | 156.15 |
SHELL-TOTAL | 156.20 |
SHELL-TOTAL | 156.20 |
SHELL-TOTAL | 156.20 |
VITOL-BP | 156.50 |
SHELL-TOTAL | 156.25 |
VITOL-BP | 156.50 |
SHELL-TOTAL | 156.30 |
SHELL-TOTAL | 156.30 |
SHELL-TOTAL | 156.35 |
SHELL-TOTAL | 156.50 |
SHELL-TOTAL | 156.55 |
SHELL-TOTAL | 156.60 |
SHELL-RELIANCE | 157.05 |
SHELL-TOTAL | 156.75 |
VITOL-EQUINOR | 157.35 |
VITOL-EQUINOR | 157.35 |
VITOL-RELIANCE | 157.35 |
VITOL-EQUINOR | 157.50 |
VITOL-EQUINOR | 157.50 |
VITOL-TOTAL | 157.50 |
VITOL-TOTAL | 157.50 |
SHELL-TOTAL | 157.60 |
SHELL-TOTAL | 157.55 |
SHELL-TOTAL | 157.60 |
SHELL-TOTAL | 157.60 |
SHELL-TOTAL | 157.55 |
BP-TOTAL | 157.60 |
SHELL-TOTAL | 157.55 |
PHILLIPS 66-TOTAL | 157.60 |
VITOL-TOTAL | 157.60 |
TRAFIGURA-TOTAL | 157.55 |
VITOL-TOTAL | 157.60 |
TRAFIGURA-TOTAL | 157.55 |
PHILLIPS 66-TOTAL | 157.60 |
TRAFIGURA-TOTAL | 157.55 |
VITOL-TOTAL | 157.60 |
TRAFIGURA-TOTAL | 157.60 |
TRAFIGURA-TOTAL | 157.55 |
TRAFIGURA-TOTAL | 157.60 |
TRAFIGURA-TOTAL | 157.55 |
VITOL-TOTAL | 157.65 |
TRAFIGURA-TOTAL | 157.60 |
VITOL-TOTAL | 157.65 |
TRAFIGURA-TOTAL | 157.60 |
SHELL-TOTAL | 157.55 |
TRAFIGURA-TOTAL | 157.60 |
VITOL-TOTAL | 157.70 |
TRAFIGURA-TOTAL | 157.60 |
SHELL-TOTAL | 157.55 |
SHELL-TOTAL | 157.60 |
VITOL-TOTAL | 157.70 |
SHELL-TOTAL | 157.60 |
SHELL-TOTAL | 157.55 |
BP-TOTAL | 157.60 |
VITOL-TOTAL | 157.75 |
BP-TOTAL | 157.60 |
TRAFIGURA-TOTAL | 157.55 |
BP-TOTAL | 157.60 |
GUNVOR-TOTAL | 157.55 |
BP-TOTAL | 157.60 |
PHILLIPS 66-TOTAL | 157.60 |
BP-TOTAL | 157.55 |
GUNVOR-TOTAL | 157.60 |
PHILLIPS 66-TOTAL | 157.55 |
GUNVOR-TOTAL | 157.60 |
VITOL-TOTAL | 157.60 |
GUNVOR-TOTAL | 157.55 |
BP-TOTAL | 157.60 |
BP-TOTAL | 157.60 |
UNIPEC-TOTAL | 157.55 |
GUNVOR-TOTAL | 157.60 |
BP-TOTAL | 157.55 |
UNIPEC-TOTAL | 157.60 |
GUNVOR-TOTAL | 157.65 |
VITOL-TOTAL | 157.65 |
UNIPEC-TOTAL | 157.65 |
VITOL-TOTAL | 157.65 |
UNIPEC-TOTAL | 157.65 |
SHENGHONG-TOTAL | 157.65 |
VITOL-TOTAL | 157.65 |
VITOL-TOTAL | 157.65 |
VITOL-TOTAL | 157.65 |
VITOL-TOTAL | 157.65 |
VITOL-TOTAL | 157.65 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 152.58 | 147.79 |
GME OMAN DIFF TO DUBAI | 55.74 | 60.81 |
CASH DUBAI | 157.65 | 153.23 |
NEWS
Chinese state oil majors looking to head off supply shortages caused by the war in the Middle East have resumed seeking Russian crude cargoes after a four-month hiatus, taking advantage of a U.S. sanctions waiver, five trade sources said.
Iran's oil production and exports continue without interruption, a spokesperson for the parliamentary energy commission said on Tuesday, adding that daily life is going on as usual on Kharg island.
Operations at the United Arab Emirates' Shah gas field remained suspended on Tuesday following a drone attack, while a fresh attack caused a fire in the port of Fujairah, a key export terminal where oil loading by state firm ADNOC has been halted.
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 Jonathan Ananda)
((siyi.liu@thomsonreuters.com;))