Middle East Crude-Benchmarks premiums ease after sharp rally

French oil major TotalEnergies on Thursday announced a new oil discovery in Angola and signed agreements to buy a 40% operated interest in two new exploration blocks in the country.

China's electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday.

A squeeze in marine fuel supply at major shipping hubs has eased despite the Iran war curtailing exports out of the Strait of Hormuz, with the market working around earlier supply shocks, industry sources told the APPEC industry meet on Thursday.

U.S. President Donald Trump warned that the U.S. may hit Iran's Pickaxe Mountain, urging Tehran to be cautious, and said that the war will likely last beyond the November midterm elections.

Iran said it had attacked 10 ships near the Strait of Hormuz on Wednesday, after the U.S. sank five Iranian oil tankers. Iran's Islamic Revolutionary Guard Corps said it would escalate its response to any further attacks.

Cash Dubai's premium to swaps declined $3.71 to $26.91 a barrel.

	Current	Prev. session
GME Oman	119.30	121.68
GME Oman diff to Dubai	26.81	30.80
Cash Dubai	119.40	121.50

SINGAPORE, Sept. 10 (Reuters) - Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban eased on Thursday, from a sharp rally in the first three sessions this week, with light trading amid high prices and uncertainty.