Middle East crude benchmarks Oman, Dubai and Murban fell on Tuesday, after a jump in the previous session and still underpinned by firm buying and rising freight rates.
SINGAPORE CASH DEALS
Cash Dubai’s premium to swaps fell 49 cents to $3.14 a barrel.
Mercuria will deliver three November-loading Upper Zakum crude cargoes, to NPI, PetroChina and Vitol each following the deals.
NEWS
Sanctioned tanker Spartan has discharged Russian crude oil at India’s Mundra port despite a ban by the Adani Group on entry of blacklisted ships at the terminal, ship tracking data from LSEG and Kpler showed on Tuesday.
Top global oil trader Vitol and North American fuel distributor Sunoco SUN took delivery of the first U.S. import of gasoline from Nigeria’s new Dangote refinery on Monday, according to vessel-tracking data and two sources familiar with the matter.
Kuwait is seeking to revive a project to lease out and then lease back its crude oil pipelines, its national oil company said on Tuesday, aligning with Gulf peers like Saudi Arabia and the United Arab Emirates in tapping private capital for strategic energy assets.
Ecuador’s state oil company Petroecuador said it has renegotiated service contracts, securing $761.7 million in investment to boost oil production and optimize reserves.
Exxon Mobil XOM is introducing a unique shareholder voting mechanism that will allow retail investors to automatically cast ballots in step with board recommendations during annual meetings, a move that may help the top U.S. oil producer fend off activist campaigns.
Source: Reuters