Middle East crude benchmarks Oman, Dubai and Murban slid for a fourth consecutive session on Thursday amid a slight drop in oil prices.

Investors are assessing how U.S. President Donald Trump’s proposed tariffs and energy policies would impact global economic growth and energy demand.

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps fell 16 cents to $4.30 a barrel.

Extap will deliver a March Al Shaheen crude cargo to TotalEnergies following the deals.

Koch will deliver a March Upper Zakum crude cargo to Idemitsu following the deals.

Vitol and PetroChina will both deliver a March Upper Zakum crude cargo to TotalEnergies following the deals.

Unipec will deliver two March Oman crude cargoes to TotalEnergies, Trafigura will deliver one March Oman crude cargo to TotalEnergies following the deals.

NEWS

U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage domestic energy development but say his decision to withdraw the United States from international climate cooperation will not help their investment plans in the global transition to cleaner energy.

Shell’s SHEL head of downstream and renewables Huibert Vigeveno will step down after 30 years with the energy major and be replaced by insider Machteld de Haan, the company said on Thursday.
Source: Reuters