RTRS:Middle East Crude-Upside capped by sluggish fuel oil
SINGAPORE, March 13 (Reuters) - Strengthening fuel oil
cracks lifted differentials on Middle East barrels, while
shipping delays at Saudi Arabia's largest export terminal and
concerns over supply disruptions from Iran are expected to prop
up the market.
ADNOC's Middle East benchmark Murban crude was valued at a
premium of about 10 cents a barrel, rising about 5 cents from
levels seen in the previous session.
* MARKET NEWS
- Sudan has lowered its oil transit fees demand to $32.20 a
barrel in a bid to resolve a row that has shut in South Sudan's
output, Sudan's oil minister told Reuters, but the two sides
remained far apart as talks continue in Ethiopia.
- China's Sinochem Corp is slated to move its
first crude cargo from Japan's southwestern port of Okinawa this
week, trade and shipping sources said. The Chinese trader is
expected to load the tanker Asian Jade with about 80,000 tonnes
of Saudi crude on Friday.
CRUDE Price Prev Change %
change
MAY Oman diff to Dubai 3.01 3.06 -0.05
MAY Brent 125.25 124.85 0.40 0.32%
MAY Dubai 121.34 120.76 0.58 0.48%
May DME Oman 124.35 123.82 0.53 0.43%
May Brent/Dubai EFS 3.91 4.09 -0.18
DUB-EFS-1M
