Middle East Crude-Benchmarks little changed as traders assess supply

TotalEnergies SE

29/09/2026 11:58

SINGAPORE, Sept 29 (Reuters) - Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban were little changed on Tuesday, as traders assessed the supply and demand outlook.
US and Iranian officials spoke separately with mediators in a renewed effort to end seven months of war, officials of both countries said.
US President Donald Trump said he had offered Iran nothing to end the war, rejecting media reports that cited US officials as saying he was willing to ease sanctions and release frozen funds in return for "concrete" steps on Iran's nuclear programme.
Meanwhile, Saudi Arabia has resumed oil loadings from its Red Sea port of Yanbu after restarting operations on the East-West Pipeline, according to trade sources and shipping data, improving the outlook for oil exports from the Middle East.
     
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps fell 28 cents to $12.81 a barrel.
Unipec will deliver a November-loading Murban crude cargo to TotalEnergies following the deals.
SELLER-BUYER
PRICE ($/BBL)
BP-TOTAL*
107.80
BP-TOTAL*
107.80
UNIPEC-TOTAL*
107.80
UNIPEC-TOTAL*
107.50
BP-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
BP-VITOL*
107.40
UNIPEC-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
BP-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
UNIPEC-TOTAL*
107.50
UNIPEC*-TOTAL
107.50
UNIPEC*-TOTAL
107.50
UNIPEC*-TOTAL
107.50
UNIPEC*-TOTAL
107.50
UNIPEC*-TOTAL
107.50
UNIPEC*-TOTAL
107.70
UNIPEC*-TOTAL
107.50
UNIPEC*-TOTAL
107.70
     
PRICES ($/BBL)
 
CURRENT
PREV SESSION
GME OMAN
110.78
111.01
GME OMAN DIFF TO DUBAI
15.89
14.60
CASH DUBAI
107.70
109.50
     
NEWS
Saudi Arabia is expected to raise official selling prices for crude bound for Asia in November, a Reuters survey showed, as Middle East spot crude markets strengthened on supply disruptions.
The International Energy Agency's member states may discuss whether more strategic oil reserves could be released on the market in future, IEA head Fatih Birol said on Tuesday.
Indian refiners expect Russian oil supplies to tighten further in October and November because of reduced exports and stiff competition from China, forcing the world's third-largest crude importer to buy more costly alternatives for the rest of the year, four trade sources said.
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 Mathew)
((siyi.liu@thomsonreuters.com;))