Middle East Crude-Oman, Dubai premiums hold stable amid Saudi Arabian refinery attack

By Reuters News

- Spot premiums for Middle East crude benchmarks Oman and Dubai little moved on Wednesday, as an attack on Saudi Arabian refinery renewed supply worries and lent some support to oil prices.

Yemen's Iran-aligned Houthis said on Tuesday they had hit Saudi Arabia's biggest oil refinery with a missile, intensifying their strikes against the world's second-largest crude producer. Saudi authorities did not immediately confirm the strike on the 550,000 barrel-per-day facility.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 13 cents to $5.79 a barrel.

Vitol will deliver a December-loading Oman crude cargo to Trafigura following the deals.

SELLER-BUYER

PRICE ($/BBL)

VITOL-TRAFIGURA*

114.60

UNIPEC*-TRAFIGURA

114.20

UNIPEC*-TRAFIGURA

114.20

UNIPEC*-MITSUI

114.20

MERCURIA*-BP

114.70

UNIPEC*-TRAFIGURA

114.20

UNIPEC*-TRAFIGURA

114.20

UNIPEC*-TRAFIGURA

114.20

GUNVOR*-TRAFIGURA

114.60

UNIPEC*-TRAFIGURA

114.20

UNIPEC*-TRAFIGURA

114.20

UNIPEC*-TRAFIGURA

114.20

PRICES ($/BBL)

CURRENT

PREV SESSION

GME OMAN

114.39

115.21

GME OMAN DIFF TO DUBAI

5.98

5.93

CASH DUBAI

114.20

115.20

NEWS

China received a first shipment of Russia's newly started oil production from the giant Arctic project Vostok operated by state-owned Rosneft, according to two tanker trackers and traders.

Equinor EQNR.OL on Wednesday reported its strongest quarterly profit in almost four years, driven by a surge in oil and gas prices as the war in the Middle East continued to disrupt global energy supplies, and raised its full-year output target.

Indian gasoline demand is set to peak by 2035 as electric vehicles gain ground, ethanol blending continues and more cars run on gas, the chairman of state-run refiner Indian Oil Corp IOC.NS said on Wednesday.

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

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