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Middle East Crude-Benchmarks edge down; Total offers Abu Dhabi cargoes

Published May 25, 2018 Updated May 25, 2018 12:28pm
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By Shoaib Ur RehmanReuters
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SINGAPORE: Middle East crude benchmarks edged down on Friday while Brent crude oil's premium to Dubai fell to the lowest in more than two months, weighing on spot premiums for Middle East and Russian grades.

The prompt July Brent-Dubai EFS was at $3.45/bbl at Friday's close in Singapore, down 15 cents from the previous session, Reuters data showed.

UAE: Total offered a cargo each of Murban and Das crude loading in July at 10 cents a barrel above each grade's respective OSP.

RUSSIA: Surgutneftegaz sold an ESPO cargo at $3.20-$3.30 a barrel above Dubai quotes, a steady premium from earlier deals. Tenergy has also sold a cargo loading in second-half July to a Chinese buyer at a similar premium.

Copyright Reuters, 2018
 

 

 

 

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