Arab Today, arab today oman uurban trade at lower premiums
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Oman, Uurban trade at lower premiums

Arab Today, arab today

Arab Today, arab today Oman, Uurban trade at lower premiums

Singapore - Arabstoday

The Middle East crude market was weaker yesterday, with prices for physical cargoes of March-lifting Oman and Murban crude transacted at lower premiums over the previous month. Demand in Asia for supplies is being depressed by high official selling prices for some grades and the prospect of more refinery capacity going into turnaround in the coming months. The spring maintenance season will kick off in February, with about 1.2 million barrels per day (bpd) of capacity expected to go offline from next month as winter demand ebbs, according to Reuters data. However, prices of the heavy sour Oman were supported by strong fuel oil cracks and as buyers consider it a possible replacement for Iranian crude. Meanwhile, Arcadia Petroleum Ltd bought a partial cargo of Dubai crude for March and Mercuria Energy Trading SA bought two as timespreads for the benchmark widened. Arcadia bought one lot from South Korea\'s SK Innovation Co at $111.25 a barrel, and Mercuria paid $111.20 a barrel for one cargo each from SK and Royal Dutch Shell Plc, according to a survey of traders who monitor the Platts pricing window. With its sixth purchase this month, Arcadia has picked up 150,000 barrels for March delivery. The backwardation, a pricing situation where the cost of early shipments is greater than for later deliveries, widened for the third time this week. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oman uurban trade at lower premiums Arab Today, arab today oman uurban trade at lower premiums

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oman uurban trade at lower premiums Arab Today, arab today oman uurban trade at lower premiums

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday