Latest News for: Dubai crude

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BSP keeps 2% policy rate

Manila Bulletin 17 Feb 2022
Diokno ... Abenoja, who presented the MPR, said the higher inflation forecasts is attributed to higher oil and crude prices that could affect domestic prices. The assumed Dubai crude oil average for the forecasts is $83 per barrel this year which is over $10 per barrel from the previous BSP inflation assumptions in December 2021, he said.
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Inflation pressures from oil prices worry DOF

Manila Bulletin 17 Feb 2022
The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S ... In January, Dubai crude oil price averaged $83.11 per barrel, the highest since November 2014, Beltran noted.
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Russia ESPO crude premiums jump to highest in over 2 years -sources

FX Empire 16 Feb 2022
SINGAPORE (Reuters) – Spot premiums for Russian ESPO Blend crude ... The cargoes for late March to early April loading were sold at premiums of $7-$7.10 a barrel above Dubai quotes, they said.
photo: AP / Matt Slocum
A truck drives past a pair of oil pumps, Friday, Aug. 12, 2005, in Van, Texas. Crude oil prices remained in record territory after soaring to new highs Friday past $66 a barrel as reports of new U.S. refinery outages rekindled fears that gasoline supplies in the world's biggest consumer would struggle to meet rising de
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Column: High Brent, WTI prices lead Asian buyers to look elsewhere for crude

Reuters 15 Feb 2022
Brent crude futures ended at $95.85 a barrel on Monday ... The Oman contract is also trading at a premium to one of the main measures of physical crude in the Middle East, namely cash Dubai , which ended at $90.74 a barrel on Monday ... One of the most important of these is the Brent-Dubai exchange for swaps .
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Asia Distillates-Gasoil refining profits soar, cash premiums rise over $2/bbl

Hellenic Shipping News Worldwide 15 Feb 2022
Refining margins, also known as cracks, for 10 ppm gasoil climbed ...
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Most Gulf markets rise as Ukraine tensions boost oil

Gulf Daily News 14 Feb 2022
Most Gulf markets ended higher on Monday, as warnings that Russia could invade Ukraine at any time drove oil prices to seven-year peaks, though Dubai slipped on losses in the real estate and industrials sectors. Crude was at $94.55 a barrel by 1107 GMT on fears that a possible Russian invasion of Ukraine could trigger U.S.
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Asia Distillates Gasoil refining profits soar, cash premiums rise over $2/bbl

Reuters 14 Feb 2022
SINGAPORE, Feb 14 (Reuters) - Asian refining margins for 10 ppm gasoil rose to a week-high on Monday, buoyed by firmer demand, while regional supplies remain limited. Refining margins, also known as cracks, for 10 ppm gasoil climbed to $18.69 a barrel over Dubai crude during Asian trading hours, up from $17.80 per barrel on Friday ... Register ... Register.
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