XLE•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 |
The number of vessels passing through Bab el-Mandeb rose to 28 on Monday, a four-day high, while traffic through the Strait of Hormuz remained low, according to Kpler shipping data, amid optimism about a potential resolution to the U.S.-Iran conflict.
Cash Dubai's premium to swaps fell $3.28 to $2.47 a barrel.
| Seller-Buyer | Price ($/bbl) |
|---|---|
| BP-Mitsui | 76.90 |
| Current | Prev session | |
|---|---|---|
| GME Oman | 77.04 | 82.41 |
| GME Oman diff to Dubai | 2.61 | 5.96 |
| Cash Dubai | 76.90 | 82.20 |
Production at Libya's El Feel oilfield was halted while that at Wafa oilfield was partially stopped on Tuesday, with state-oil firm NOC saying protesters had stormed the Mellitah oil and gas complex and disrupted operations.
Russia's Tyumen oil refinery in western Siberia halted oil processing on July 25 following a Ukrainian drone attack, two industry sources said on Tuesday.
Australia's Origin Energy ORG.AX said on Tuesday that data linked to about 900,000 current and former customers may have been accessed in a cybersecurity incident, and that it was contacting those affected.
Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas and underscores the urgency to improve energy security.
Venezuela's state-run oil company PDVSA is making preparations to shut down its smallest refinery, the 146,000-barrel-per-day El Palito, for a planned major maintenance to take 3-4 weeks, four sources close to the matter said.
SINGAPORE, July 28 (Reuters) - Spot premiums for Oman and Dubai Middle East crude benchmarks were halved on Tuesday to their lowest in about a week, on hopes of a diplomatic resolution to conflict in the Middle East.
U.S. President Donald Trump said on Monday Washington was having "good talks" with Iran and that there was the chance of a resolution. However, he said U.S. strikes would resume if negotiations failed while Iran issued similar comments about retaliation.
Global oil benchmark futures hovered at their one-week low on Tuesday. O/R
