Middle East crude benchmark spot premiums of Oman, Dubai and Murban gained on Thursday, after a series of declines and as trading activities picked up.
SINGAPORE CASH DEALS
Cash Dubai’s premium to swaps rose 10 cents to 82 cents a barrel.
BP will deliver two January-loading Upper Zakum crude cargoes to Trafigura following the deals.
Vitol and Phillips 66 will each deliver one January-loading Upper Zakum crude cargo to Trafigura following the deals
Sinochem will deliver a January-loading Upper Zakum crude cargoe to TotalEnergies following the deals.
NEWS
The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output and demand growth slows, the International Energy Agency said on Thursday.
Norwegian oil and gas companies have increased their projected investments for 2026 compared to estimates made three months ago, a quarterly statistics office survey of industry players showed on Thursday.
BP BP. is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company’s $20 billion divestment goal.
Singapore’s Aster Chemicals and Energy has cut diesel output at its Bukom refinery this month, three sources familiar with the matter said on Thursday, driving premiums on 10ppm low-sulphur diesel to fresh highs.
Source: Reuters
