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RTRS:Middle East Crude-Al-Shaheen, Murban premiums slip
 
SINGAPORE, Jan 19 (Reuters) - Values in the Middle
East crude market fell on Thursday, with March-lifting
al-Shaheen and Murban crude transacted at lower premiums.
Tasweeq sold at least three cargoes of 600,000 barrels each
at premiums of around $2.50 a barrel to Dubai quotes, compared
to $2.60-$3.00 in its previous tender, a trader said.
Premiums were depressed after Tasweeq offered nine cargoes in
the tender, more than the usual five in previous offers, he
added.
Murban crude traded at a discount of more than 20 cents a
barrel, down from a discount of 10-20 cents last week, due to
relatively high official selling prices, another trader said.

* TENDERS
Kenya Petroleum Refineries is seeking one cargo of Murban
crude for March arrival via a tender, which closes on Thursday.

* TRADES
- Arcadia bought three Dubai partials from Shell at
$109.94-$111.00 a barrel.

* EFS
- Front-month Brent/Dubai Exchange of Futures for Swaps
(EFS) for March DUB-EFS-1M edged up 8 cents to $2.81 a barrel.


* OMAN ASSESSMENTS
- March Oman traded on the DME slipped 20 cents to a premium
of $2.53 to Dubai swap quotes at 0830 GMT, using the settlement
price for DME futures, the ICE one-minute marker for Singapore
and the Brent-Dubai EFS as calculated by Reuters.

* MARKET NEWS
- Japan's oil industry is likely to cut its purchases of
Iranian crude oil in about three months as Tokyo grapples with a
new U.S. sanctions law, Akihiko Tembo, president of the
Petroleum Association of Japan, said.
- Chinese Premier Wen Jiabao defended his country's
extensive oil imports from Iran against Western pressure to
consider sanctions in comments published on Thursday, and yet
forthrightly warned Tehran against any effort to acquire nuclear
weapons.
- Iran's foreign minister warned Arab neighbours on Thursday
not to put themselves in a "dangerous position" by allying
themselves too closely with Washington in the escalating row
over Tehran's nuclear activity.
- China's end-December commercial crude oil stocks were down
2.2 percent over the previous month and products inventory
gained 6.1 percent, industry newsletter China OGP of Xinhua News
Agency said on Thursday.
- China's top energy group and its partners Qatar Petroleum
and Royal Dutch Shell agreed to push ahead with plans
for a $12.6 billion refinery and petrochemical complex in east
China which is likely to start before similar rival facilities.


* REFINERY MARGINS
- Simple gross refining margins for Dubai in Singapore were
at $2.19 per barrel, up from an average of the last five days of
$2.20, Reuters data show. Over the last year, the average margin
has been about minus 81 cents per barrel.

* CRACK SPREADS
- Fuel oil's February crack fell 14 cents to a discount of
30 cents a barrel to Dubai crude.
- Gasoil's February crack fell 50 cents to a premium of
$17.93 a barrel to Dubai crude.
- Naphtha's front-month crack strengthened $1.51 to a
discount of $5.73 a barrel to Brent crude.

* OUTRIGHT PRICES
- March ICE Brent was at $111.29 a barrel at 0830
GMT, down 20 cents from Wednesday.
- March Oman fell 48 cents to settle at $111.01.
Source