SINGAPORE: Middle East crude benchmarks weakened on Wednesday on low buying interest on Platts window, a sign that some traders said may indicate a more bearish market when April-loading cargoes start trading.
DME Oman's premium to Dubai swaps fell 8 cents to 64 cents a barrel, the lowest premium for the medium sour grade so far this month.
OSPs
Iran has set its official selling price for its Light crude oil for March loading to Asia at $1.80 a barrel above the average of Oman and Dubai quotes, unchanged from February, two sources with direct knowledge of the matter said.
State-owned National Iranian Oil Co cut prices for all the three heavier grades it sells to Asia by 20-30 cents a barrel.
The prices were in line with market expectations.
RUSSIA: ONGC closed on Wednesday a tender to sell April-loading Sokol. The tender will be awarded by Friday. ONGC last sold a 700,000-barrel cargo loading on March 12-18 to Trafigura at $5.10-$5.20 a barrel above Dubai quotes.
CONDENSATE: Qatar has issued its monthly condensate tender for April-loading cargoes. Qatar's Deodorized Field Condensate (DFC) traded last month at the highest premium in a year, boosted by demand from South Korea.
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