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Middle East Crude-Benchmarks ease from two-day gain

ReutersMar 27, 2025 10:48 AM

SINGAPORE, March 27 (Reuters) - Middle East crude benchmark spot premiums for Oman, Dubai and Murban eased on Thursday from a two-session gain following new U.S. tariffs that triggered fresh demand concerns.

U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year. The auto industry experts Trump's move to drive up prices and stymie production.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 17 cents to $1.52 a barrel.

PetroChina will deliver three May-loading Oman crude cargoes and one May-loading Murban cargo to Vitol following the deals.

SELLER-BUYER

PRICE ($/BBL)

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-BP

74.71

PETROCHINA-VITOL

74.85

PETROCHINA-VITOL

74.71

PETROCHINA-BP

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.71

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

SHELL-ADNOC

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

SHELL-ADNOC

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-BP

74.75

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.80

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.75

PETROCHINA-VITOL

74.80

PRICES ($/BBL)


CURRENT

PREV SESSION

GME OMAN

74.66

74.51

GME OMAN DIFF TO DUBAI

1.43

1.51

CASH DUBAI

74.75

74.69

NEWS

Ukraine and Russia accused one another on Wednesday of flouting a truce on energy strikes brokered by the United States, and the European Union said it would not meet conditions set by Russia for a planned ceasefire in the Black Sea.

Saudi Aramco is in talks to invest in two planned refineries in India as the world's top oil exporter looks for a stable outlet for its crude in the world's fastest-growing emerging market, several Indian sources with direct knowledge of the matter said.

China's Rongsheng Petrochemical 002493.SZ, a major independent refiner, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy SU.TO, trade sources said.

U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said on Wednesday.

U.S. oil and gas activity increased slightly in the first quarter, but energy company executives were pessimistic about the sector's outlook, wary of new trade policies from President Donald Trump's administration, a Dallas Fed survey showed on Wednesday.

For crude prices, oil product cracks and refining margins, please click on the RICs below.


Brent

BRENTSGMc1

Dubai

DUBSGSWMc2

GME Oman

OQc1

Brent/Dubai EFS

DUB-EFS-1M



PRODUCT CRACKS


Fuel oil crack

FO180SGCKMc1

Gasoil crack

GO10SGCKMc1

Naphtha crack

NAF-SIN-CRK

Gasoline crack

GL92-SIN-CRK

Complex refining margins

REF/MARGIN1

RECENT CRUDE OIL TRADES:
Asia ACRU/T Europe CRU/T Americas CRU/TU

CRUDE OIL MARKET NEWS
Crude oil tenders in Asia CRU/TENDA
Crude oil supply outages in Asia CRU/OUT-ASIA-O
Refinery outages in Asia REF/OUT-ASIA-O
Global arbitrage news and flows O/CRUDEARB
W.African crude imports to Asia, monthly O/WAFRICA1
REFINERY MAINTENANCE DIARIES
Asia REF/A Middle East REF/ME Europe REF/E

NATIONAL CRUDE IMPORT DATA
Japan METI/JP1 China O/CHINA1
India O/INDIA2 S.Korea O/KOREA1
Indonesia O/INDO1-CRU

CRUDE OIL INVENTORY DATA
Japan O/JAPAN1 US EIA/S Europe O/EUROIL1

CRUDE OIL PRODUCTION/OILFIELD NEWS
OPEC output survey OPEC/O New Africa fields AFR/NEW
New projects ENERGY/NEW New Americas fields AM/NEW
CRUDE OIL MARKET REPORTS
Middle East CRU/MAsia-Pacific CRU/AP
West Africa CRU/WAF North Sea CRU/E
Asia outlook ASIA/CRU Europe outlook EUR/CRU
Global futures report O/R Technicals report O/I

PRICES
For all Official Selling Prices OSP/O
For a POLL on oil prices O/POLL
NYMEX and ICE oil futures OILOIL
TOCOM crude oil futures 0#JCO:
Dubai, Oman swaps and spread ASIA/SWAP/CRUDE
Middle East physical crude diffs CRUDE/ASIA2
Australia physical crude, Tapis swaps CRUDE/ASIA1
Asia-Pacific physical crude CRUDE/ASIA3
All Asian crude oil differentials 0#C-DIF-A
All Asian crude oil outright prices 0#C-A

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