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Markets

Oman offers prompt crude, more OSPs awaited

Published November 8, 2012 Updated November 8, 2012 12:00pm

oil-barrels SINGAPORE: The Middle East crude market was steady on Thursday as traders took stock of the official selling prices already announced by Saudi Arabia, Abu Dhabi National Oil Co and Qatar this week and waited for refiners to prepare their plans for the month.

 

Saudi Arabia raised light crude prices to Asia, while ADNOC's priced in higher differentials, and Qatar's differentials remained unchanged.

 

Oman offered 2 million barrels of prompt crude, traders said on Thursday. The tender closed on Wednesday, they added. No further details were available. Oman's ministry of oil and gas was not immediately reachable for comment.

 

Last month, Oman sold 1 million barrels of prompt October crude to Mercuria Energy Trading, following an outage at its Minal Al Fahal refinery after a fire.

 

Copyright Reuters, 2012

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