SINGAPORE: Middle East crude benchmarks were steady in thin activity on Wednesday as the market awaited the release of Iraqi Basra loading programmes and other official selling prices.
Cash Dubai narrowed to 55 cents below swaps, 4 cents up from the previous session.
QATAR
Exports of Qatari crude have not been hindered by a port ban imposed by Arab allies as tankers are loading Qatari grades along with cargoes from the United Arab Emirate, shipping data in Thomson Reuters Eikon showed.
Supertanker Apollo Dream loaded Abu Dhabi's Upper Zakum crude after already taking a cargo of Qatar Marine onboard. The Panamanian-flagged vessel, which is managed and chartered by Japanese oil refiner Idemitsu Kosan, loaded the Qatari grade at Halul Island on June 5-6, before heading to Zirku Island in Abu Dhabi to take on the Upper Zakum crude on Wednesday.
A second supertanker New Friendship also loaded Abu Dhabi Das Blend crude. The VLCC had earlier taken on Qatari Deodorized Field Condensate (DFC) from Ras Laffan over June 4-5.
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