SINGAPORE- Middle East crude benchmarks Oman and Dubai edged back up slightly above $2 a barrel on Wednesday following a flurry of trades on Platts window.
The trades led to the first cargo delivery on window this month with Unipec delivering an Upper Zakum crude cargo to Total.
IFAD Murban's premium climbed to $3.58 a barrel, the highest level this month.
Spot premiums for Russian light crude have also risen as a widening of Brent's premium to Dubai quotes to the highest since end November has made Atlantic Basin grades more expensive.
ONGC has sold a Russian Sokol crude loading on March 18-24 at a premium of $5.60 a barrel above Dubai quotes to Vitol, traders said, up from premiums of $4.20-$4.70 a barrel for February-loading cargoes.
The Indian explorer has only one cargo this month.
NEWS
India's fuel consumption in December scaled a nine-month peak, government data showed on Tuesday, although a fresh coronavirus wave may slow the gradual recovery of demand in the world's third biggest oil consumer.
Oil major Exxon Mobil Corp said on Tuesday it bought a 49.9% stake in Norwegian biofuels company Biojet AS, as it looks to grow investments in its low-carbon business to meet its targets for reducing greenhouse gas emissions.
Indonesia's oil lifting, or ready-to-sell production, narrowly missed its target and fell for a fifth straight year in 2021, after a failure to tap new sources and as older fields matured, energy minister Arifin Tasrif said on Wednesday.
PetroChina 0857.HK has appointed its former regional chief in the Americas as president of its oil and gas trading vehicle PetroChina International Co Ltd, also known as Chinaoil, the company said on its website.
Norwegian energy major Equinor said on Wednesday it had cut the resource estimates for its Mariner oilfield in the British North Sea, triggering an impairment charge of around $1.8 billion.
Archer-Daniels-Midland Co said on Tuesday it had signed a letter of intent with Wolf Carbon Solutions to build a pipeline that would capture and transport carbon dioxide produced at ADM's ethanol facilities at Clinton and Cedar Rapids, Iowa.
(Reporting by Florence Tan; Editing by Shinjini Ganguli) ((Florence.Tan@thomsonreuters.com; Reuters Messaging: florence.tan.thomsonreuters.com@reuters.net))
