Middle East Crude-Benchmarks hold unchanged amid supply uncertainty
SINGAPORE, Oct 12 (Reuters) - Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban changed little on Monday, as traders assessed the market supply outlook.
The oil market is considering possible further supplies after US President Donald Trump hailed fresh Russian diesel exports; however, major attacks on Saudi Arabia also lent some supply worries over the world's top exporter.
The Iran-aligned Houthis claimed responsibility for a Saturday strike on Riyadh's international airport that killed 13 people and wounded more than 300.
Oil futures prices oscillated on Monday. O/R
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps fell 31 cents to $9.79 a barrel.
SELLER-BUYER | PRICE ($/BBL) |
UNIPEC-TRAFIGURA* | 110.20 |
UNIPEC-EXXONMOBIL* | 110.00 |
UNIPEC-TRAFIGURA* | 110.00 |
BP-TRAFIGURA* | 109.90 |
UNIPEC-EXXONMOBIL* | 109.80 |
UNIPEC-EXXONMOBIL* | 109.80 |
BP-TRAFIGURA* | 109.70 |
UNIPEC-EXXONMOBIL* | 109.70 |
MERCURIA-TRAFIGURA* | 109.70 |
MERCURIA-EXXONMOBIL* | 109.70 |
MERCURIA-TRAFIGURA* | 109.70 |
BP-TRAFIGURA* | 109.70 |
BP-EXXONMOBIL* | 109.70 |
MERCURIA-TRAFIGURA* | 109.70 |
MERCURIA-EXXONMOBIL* | 109.70 |
MERCURIA-TRAFIGURA* | 109.70 |
UNIPEC-TRAFIGURA* | 109.70 |
BP-EXXONMOBIL* | 109.70 |
UNIPEC-TRAFIGURA* | 109.70 |
PRICES ($/BBL)
CURRENT | PREV SESSION | |
GME OMAN | 109.70 | 108.36 |
GME OMAN DIFF TO DUBAI | 9.79 | 9.96 |
CASH DUBAI | 109.70 | 108.50 |
NEWS
Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.
OPEC has revised down its oil demand growth forecast for this year to 400,000 barrels per day from 1.4 million bpd at the start of the year, in line with developments throughout the year, Haitham Al Ghais, Secretary General of the organisation, said on Monday.
The daily cost of chartering a supertanker to ship US crude oil to China eased at the end of last week after touching a record high in the previous session, according to data from the Baltic Exchange.
For crude prices, oil product cracks and refining margins, please click on the RICs below.
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