Arab Today, arab today oman murban trade at lower premiums
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Oman, Murban trade at lower premiums

Arab Today, arab today

Arab Today, arab today Oman, Murban 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. Article continues below 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 murban trade at lower premiums Arab Today, arab today oman murban 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 murban trade at lower premiums Arab Today, arab today oman murban 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
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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