Middle East crude benchmark spot premiums of Oman, Dubai and Murban slid on Monday, having touched more than one-week lows in previous week, as the market continue to face ample supply pressures.

News of loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension due to a Ukrainian attack also eased some supply concerns and pushed down global oil benchmark prices on Monday.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 13 cents to 78 cents a barrel.

Unipec and PTT will each deliver a January-loading Upper Zakum crude to Trafigura following the deals.

ExxonMobil will deliver a January-loading al-Shaheen crude to Trafigura following the deals.

NEWS

Indonesian state energy firm PT Pertamina's 2025 oil and gas production is estimated at 1.03 million barrels of oil equivalent per day, chief executive Simon Mantiri said on Monday.

Indonesia's Chandra Asri Pacific TPIA said on Monday it has secured a bespoke $750 million financing package from investment firm to support its purchase of ExxonMobil's XOM Esso-branded retail fuel station network in Singapore.

Serbia secured a three-month licence from the U.S. to try to find a buyer for its Russian-owned oil company, NIS, which is under sanctions that threaten fuel supplies ahead of winter, energy minister Dubravka Djedovic-Handanovic said on Saturday.

The Trump administration on Friday gave clearance to potential buyers to talk to Russia's Lukoil about buying its foreign assets and allowed business dealings with Lukoil's Burgas refinery after Bulgaria moved to seize the plant.

Source: Reuters