RTRS:Middle East Crude-Steady, traders await OSP announcements
SINGAPORE, Oct 30 (Reuters) - The Middle East crude market
was steady on Tuesday as traders awaited announcements of
official selling prices (OSPs) by producers, expected next week.
Some traders said OSPs might be lowered slightly after a
previous price spike by producers led to weaker premiums across
grades for December cargoes.
*TENDER:
- Taiwanese refiner CPC, which had floated a tender to buy
sour crude last week, may have bought Oman, traders said. No
other details were available. It bought an Angolan grade through
a similar tender for sweet crude.
*MARKET NEWS
- Japan's crude oil imports from Iran fell about 38 percent
in September from a year earlier, data from the Ministry of
Finance showed on Tuesday.
- Japan is seeking an exemption from proposed new U.S.
sanctions against Iran that could effectively freeze Tehran's
use of payments for oil, the Nikkei business daily reported on
Tuesday, citing sources.
- U.S. refinery and pipeline companies that nearly halted
East Coast fuel supplies ahead of Hurricane Sandy will begin
assessing the storm's damage on Tuesday, hoping their flood
defences will allow a quick return to service.
CRUDE Price Prev Change
DEC DME Oman diff to Dubai 0.47 1.08 -0.61
Dec Brent 109.56 108.75 +0.81
DEC Dubai 105.71 105.30 +0.41
DEC DME Oman 106.18 106.38 -0.21
DEC Brent/Dubai EFS DUB-EFS-1M 3.85 3.45 +0.40
PRODUCT CRACKS
NOV fuel oil crack -10.22 -8.49 -1.73
NOV gasoil crack 18.27 18.56 -0.29
DEC naphtha crack -6.67 -6.03 -0.64
COMPLEX REFINERY MARGINS
Today 6.70
Last 5 days 6.92
Last 365 days 7.32
