Middle East Crude-Dubai slips; PetroChina switches to deliver al-Shaheen

S-Oil

26/04/2024 11:19

SINGAPORE, April 26 (Reuters) - Middle East crude
benchmark Dubai slipped for a second straight session on Friday
with PetroChina keeping up its selling momentum and delivering
another two cargoes on the Platts window.
    DME Oman, on the other hand, climbed to its highest premium
of $2.80 a barrel this month while IFAD Murban's premium edged
up to $2.27.
    
    SINGAPORE CASH DEALS
    Cash Dubai's premium to swaps fell 15 cents to $2.09 a
barrel.
    PetroChina will deliver two June-loading al-Shaheen crude to
Equinor and Vitol following the trades, switching from Murban
which is the most delivered grade this month.
    
    PRICES ($/BBL)
                         CURRENT  PREV SESSION
 DME OMAN                89.67    89.01
 DME OMAN DIFF TO DUBAI  2.80     2.65
 CASH DUBAI              88.96    88.60
    
    REFINERY
    South Korea's S-Oil  010950.KS  forecast on Friday that
second-quarter refining margins will be steady, supported by
regular maintenance in the region, then trend upward in tandem
with higher demand as the summer season gets underway.
    
    NEWS
    Chinese state energy major PetroChina has been waiting to
unload a cargo of U.S. crude at Nigeria's giant new refinery for
nearly a month due to payment issues, according to four trading
sources and shipping data.
    Several propane-based petrochemical plants starting up in
China this year will push LPG imports to another annual record,
while also exacerbating plastic materials overcapacity in a
sector experiencing sluggish demand, analysts and traders said.
    
    For crude prices, oil product cracks and refining margins,
please click on the RICs below.
  
 Brent                        BRENTSGMc1 
 Dubai                        DUBSGSWMc2 
 DME Oman                     OQc1 
 Brent/Dubai EFS              DUB-EFS-1M 
                             
 PRODUCT CRACKS              
 Fuel oil crack               FO180SGCKMc1 
 Gasoil crack                 GOSGCKMc1 
 Naphtha crack                NAF-SIN-CRK  
 Complex refining margins     REF/MARGIN1 
 
 (Reporting by Florence Tan; Editing by Vijay Kishore)
 ((Florence.Tan@thomsonreuters.com; Reuters Messaging:
florence.tan.thomsonreuters.com@reuters.net))
 
((RECENT CRUDE OIL TRADES:
Asia  ACRU/T   Europe  CRU/T  Americas  CRU/TU 
      
CRUDE OIL MARKET NEWS      
Crude oil tenders in Asia                        CRU/TENDA     
Crude oil supply outages in Asia                 CRU/OUT-ASIA-O       
Refinery outages in Asia                         REF/OUT-ASIA-O       
Global arbitrage news and flows                  O/CRUDEARB       
W.African crude imports to Asia,  monthly        O/WAFRICA1       
REFINERY MAINTENANCE DIARIES      
Asia  REF/A    Middle East  REF/ME    Europe  REF/E       
                       
NATIONAL CRUDE IMPORT DATA      
Japan      METI/JP1    China    O/CHINA1       
India      O/INDIA2    S.Korea  O/KOREA1       
Indonesia  O/INDO1-CRU          
                       
CRUDE OIL INVENTORY DATA      
Japan  O/JAPAN1   US  EIA/S   Europe  O/EUROIL1       
                    
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OPEC output survey  OPEC/O           New Africa fields     AFR/NEW  
New projects        ENERGY/NEW       New Americas  fields  AM/NEW 
CRUDE OIL MARKET REPORTS      
Middle East              CRU/M     Asia-Pacific          CRU/AP       
West Africa              CRU/WAF   North Sea             CRU/E       
Asia outlook             ASIA/CRU  Europe outlook        EUR/CRU       
Global futures report    O/R       Technicals report     O/I       
                            
PRICES      
For all Official Selling  Prices        OSP/O       
For a POLL on oil  prices               O/POLL       
NYMEX and ICE oil  futures              OILOIL       
TOCOM crude oil  futures                0#JCO:       
Dubai, Oman swaps and  spread           ASIA/SWAP/CRUDE       
Middle East physical crude diffs        CRUDE/ASIA2       
Australia physical crude, Tapis swaps   CRUDE/ASIA1       
Asia-Pacific physical crude             CRUDE/ASIA3       
All Asian crude oil  differentials      0#C-DIF-A 
All Asian crude oil outright  prices    0#C-A ))