Middle East crude benchmarks Oman and Dubai extended declines on Wednesday amid thin trade.
Russia's Surgutneftegaz will close later on Wednesday a tender to sell an ESPO crude cargo for Feb. 24-28 loading.
WINDOW
Cash Dubai's premium to swaps fell 10 cents to $1.33 a barrel. Seller-Buyer Price Unipec-Total 72.70 Unipec-Total 72.65 Unipec-Mitsui 72.60 Unipec-Koch 72.60 Unipec-Petrochina 72.60 Unipec-Gunvor 72.60 Unipec-Total 72.60 Unipec-Total 72.59 Unipec-Gunvor 72.55 Unipec-Koch 72.55 Unipec-Total 72.59 Unipec-Gunvor 72.55 Unipec-Shell 72.50 Unipec-Vitol 72.50 Unipec-Total 72.55 Unipec-Gunvor 72.55 Unipec-Total 72.55 Unipec-Gunvor 72.55 Unipec-Total 72.54
PRICES ($/BBL)
CURRENT PREV SESSION DME OMAN 72.54 70.54 DME OMAN DIFF TO DUBAI 1.33 1.43 CASH DUBAI 72.54 70.54
Dubai has set its official differential to Oman futures 1OQc1 for March at a discount of $0.05 per barrel, the Dubai Department of Petroleum Affairs said on Wednesday.
NEWS
Indonesian state-energy company PT Pertamina said on Wednesday that ensuring fuel supply was its "top priority" as its workers union plan a ten-day strike next week.
Abu Dhabi National Oil Co (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) on Wednesday announced a $3.6 billion project to reduce the carbon footprint of ADNOC's offshore production operations by more than 30%.
Russian Foreign Minister Sergei Lavrov on Wednesday said talks on salvaging the 2015 Iran nuclear deal, which were paused at Iran's request last week, would resume before the end of this year.
Russian gas flows via the Yamal-Europe pipeline to Germany continued to flow in reverse mode for a second day on Tuesday, data from Germany's network operator Gascade showed.
For crude prices, oil product cracks and refining margins, please click on the RICs below.
Brent BRENTSGMc1 Dubai Oman OQc1 Brent/Dubai
(Reporting by Florence Tan; editing by Uttaresh.V)
