SINGAPORE, Nov 8 (Reuters) -Middle East crude benchmark premiums for Oman and Dubai slid on Friday, while that for Murban inched up.

Oil prices are poised for weekly gains on expected actions by the incoming Trump administration such as tighter sanctions on Iran and Venezuela, which could limit their supply to global markets.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 5 cents to $0.66 a barrel.

Trafigura will declare a January Upper Zakum crude cargo to TotalEnergies following the deals.

PRICES ($/BBL)

REFINERY

Polish oil refiner Orlen PKN.WA will not continue with its Olefins petrochemical project in its current form and will decide by December between "optimising", suspending or terminating the investment, the company said.

NEWS

China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling further stimulus in the pipeline.

Ghana's crude oil output increased by 10.7% year-on-year in the first six months of 2024, reversing an annual production decline that began five years prior, the country's public interest and accountability committee reported.

Icahn Enterprises LP IEP.O plans to raise its stake in U.S. oil refiner CVR Energy CVI.N by more than 20%, the Wall Street Journal reported on Thursday.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

Reporting by Siyi Liu in Singapore; Editing by Shilpi Majumdar

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