Middle East crude benchmarks Oman, Dubai and Murban rose for a second session to one-week highs on Wednesday with fears of a supply disruption after reports that Israel could be preparing to strike Iranian nuclear facilities.
Taiwan’s CPC issued a tender to buy August-arrival sweet crude which will close on May 22, according to the company notice.
SINGAPORE CASH DEALS
Cash Dubai’s premium to swaps rose 16 cents to $1.46 a barrel.
Gunvor will deliver a July-loading Murban crude cargo to Trafigura following the deals.
TotalEnergies and ExxonMobil will each deliver a July-loading Upper Zakum crude cargo to PetroChina following the deals.
North Petroleum International will deliver a July-loading Murban crude cargo to PetroChina following the deals.
Vitol will deliver a July-loading Oman crude cargo to PetroChina following the deals.
NEWS
Seventeen people were injured, four seriously, when a fire broke out in the early hours of Tuesday at Chevron’s CVX deep-water Benguela Belize Lobito Tomboco (BBLT) oil platform, Angolan authorities and the U.S. oil major said in statements.
U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey’s southeastern Diyarbakir Basin, the Turkish energy minister said.
Kazakhstan’s oil production has risen by 2% in May, an industry source said on Tuesday, an increase that defies pressure from OPEC+ on the Central Asian country to reduce its output.
Shell SHEL shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP BP. that the bar for mergers and acquisitions was very high.
India’s Russian crude oil imports will hit close to 1.8 million barrels per day in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.
Source: Reuters