Middle East crude benchmark spot premiums of Oman, Dubai and Murban moved downwards on Thursday, reversing gains in the previous session.

Oil prices were little changed on Thursday after rising to a near one-week high in the previous session as an industry report showing a buildup in U.S. crude stockpiles pressured the market.

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps fell 36 cents to $3.13 a barrel.

NEWS

Russian President Vladimir Putin suggested on Wednesday that a Ukrainian drone attack on the Caspian Pipeline Consortium (CPC) pumping station in southern Russia might have been coordinated with its Western allies.

Saudi Arabia’s Aramco 2222 has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a statement late on Wednesday.

Singapore is set to import multi-year high diesel volumes for February, according to data from two shiptrackers and trade sources, as sellers shipped cargoes to Asia’s key oil storage hub amid tepid demand elsewhere.

Indonesian state energy company Pertamina is targeting crude oil output of 416,000 barrels per day in 2025 and gas production of 2,536 million standard cubic feet per day (mmscfd), its deputy CEO said on Thursday at a parliamentary hearing.
Source: Reuters