Hot spot crude oil continued to hold steady on Thu

2022-08-23
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Crude oil spot continued to hold steady on Thursday

crude oil spot in Dubai, the Asian benchmark, continued to hold steady on Thursday. Dubai crude oil for December delivery closed at US $56.68 per barrel, down 5 cents from the previous trading day. Dubai crude oil price difference of US $0.88 per barrel in December/January; In December, the price difference of Brent/Dubai crude oil swap narrowed to $2.00 per barrel, and in January, the price difference of Brent/Dubai swap narrowed to $2.70 per barrel

the market continues to wait for the official sales price of crude oil in the Middle East, and the spot crude oil is still light. It is said that an American oil refiner is looking for Oman crude oil for delivery in January, and the bid price per barrel is 25 cents lower than the official price of the Ministry of oil and gas of Oman. The previous Oman crude oil delivered in January was traded at cents a barrel lower than the official selling price. According to the characteristics of the fault, it can also be preliminarily determined that there is a fault in the clamping drive oil source system. More than one ship of Oman crude oil delivered in December was helplessly traded at more than 70 cents below the official price per barrel

Oman is expected to announce a new round of official sales prices over the weekend. In October, the paper cargo evaluation price of the Ministry of oil and gas of Oman was cents lower than the monthly average price of crude oil in Dubai. Although the Ministry of oil and gas of Oman has not set its official sales price below Dubai crude oil for at least the past two years, some traders said that this possibility could not be ruled out. In September, the official selling price of Oman crude oil was 13.4 cents higher than that of Dubai crude oil, while the previous official selling price was 30 cents higher than the average price of Dubai crude oil per barrel

the Brent/Dubai crude oil price difference is maintained at about US $2 per barrel, which is very conducive to the Atlantic basin crude oil and Russian crude oil priced with Brent crude oil entering the Asian market for arbitrage. For most of this year, the Brent/Dubai crude oil price difference was above $4 per barrel

Japan's kerosene inventory hit a record high, putting further pressure on the light and high sulfur Murban crude oil in the Middle East. Statistics from the Japan Petroleum Association showed that as of the week of October 28, the inventory of commercial kerosene in Japan was 5.446448 million cubic meters, an increase of 535999 million cubic meters over the previous week

Taiwan's CNPC has not decided to purchase low sulfur crude oil in its bid. The company usually purchases West African crude oil in its monthly bid

after the Asian market closed on Thursday, Abu Dhabi's state-owned oil company announced the retrospective official sales price in October. The official price of Murban crude oil in October was 59 per barrel. The removal method: This is generally caused by the reinstallation of mobile phone software or the loss of software registration information, which makes their use of more and more widely 35 dollars, 3.90 dollars lower than the official price in September

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