The spot premium for light sour Murban was pegged at $3.10 a barrel over the Dubai quotes, up 14 cents from the previous session. The increase in the premium followed a strengthening of naphtha refining margins.

For tenders, Vietnam’s PV Oil likely sold 300,000 barrels Ruby cargo for April-loading at about $6 over the Dated Brent, traders said.

They said Qatar Energy likely sold one April-loading low-sulphur condensate at about 50 cents a barrel over the front month Dubai, and one April deodorised field condensate at about $1 a barrel over the front month Dubai.

INDIA

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps dipped 4 cents to $2.25 a barrel.

BP will deliver one April-loading Upper Zakum cargo to PetroChina following the trade. Hengli will also deliver an April-loading Upper Zakum cargo to Mercuria.
Source: Reuters