BR100 Decreased By (-0.74%)
BR30 Decreased By (-0.63%)
KSE100 Decreased By (-0.7%)
KSE30 Decreased By (-0.8%)
AGHA 7.67 Decreased By ▼ -0.14 (-1.79%)
BECO 5.14 Decreased By ▼ -0.07 (-1.34%)
BML 57.80 Increased By ▲ 0.30 (0.52%)
BOP 33.99 Decreased By ▼ -0.04 (-0.12%)
CNERGY 9.92 Decreased By ▼ -0.04 (-0.4%)
CSIL 5.28 Decreased By ▼ -0.03 (-0.56%)
FCCL 53.40 Decreased By ▼ -1.30 (-2.38%)
FFL 16.59 Decreased By ▼ -0.10 (-0.6%)
FNEL 1.23 No Change ▼ 0.00 (0%)
KEL 7.28 Decreased By ▼ -0.12 (-1.62%)
KOSM 5.87 Increased By ▲ 0.10 (1.73%)
LOTCHEM 29.20 Decreased By ▼ -0.12 (-0.41%)
MLCF 92.00 Decreased By ▼ -2.36 (-2.5%)
NBP 201.26 Decreased By ▼ -1.79 (-0.88%)
NCPL 56.70 Decreased By ▼ -0.30 (-0.53%)
NPL 66.90 Decreased By ▼ -0.80 (-1.18%)
OGDC 315.00 Decreased By ▼ -0.84 (-0.27%)
PACE 10.60 Decreased By ▼ -0.04 (-0.38%)
PAEL 42.30 Decreased By ▼ -0.90 (-2.08%)
PIBTL 16.56 Decreased By ▼ -0.18 (-1.08%)
PPL 218.50 Decreased By ▼ -1.28 (-0.58%)
PRL 50.78 Increased By ▲ 1.59 (3.23%)
PTC 70.00 Decreased By ▼ -0.53 (-0.75%)
SSGC 27.38 Decreased By ▼ -0.87 (-3.08%)
TBL 9.78 Decreased By ▼ -0.08 (-0.81%)
TELE 8.71 Decreased By ▼ -0.08 (-0.91%)
TPL 18.25 Increased By ▲ 0.01 (0.05%)
TPLP 13.48 Increased By ▲ 0.21 (1.58%)
TREET 22.59 Decreased By ▼ -0.13 (-0.57%)
TRG 60.12 Decreased By ▼ -0.02 (-0.03%)

SINGAPORE: Brent crude's premium to quotes for Middle East crude benchmark Dubai fell on Thursday to close to 70 cents a barrel, the narrowest spread between the two grades since July 2017, according to two trade sources and Refinitiv Eikon data

Dubai has strengthened against Brent in recent weeks after supply cuts by the Organization of the Petroleum Exporting Countries tightened supplies of high-sulfur, or so-called sour, crude, they said

The narrower price spread will support Asia's demand for crude oil from the Atlantic Basin that are priced off Brent while dampening Asian oil buyers' appetite for Dubai-linked grades from the Middle East and Russia.

Copyright Reuters, 2019

Comments

Comments are closed for this article.