SINGAPORE: Middle East crude market benchmarks were mixed on Monday as Oman dipped, while Dubai edged up after top oil exporter Saudi Arabia cut its September official selling prices (OSPs) for Asia.
Saudi Arabia cut its September price for its Arab Light grade for Asian customers by $0.75 a barrel versus August to a premium of $1.70 per barrel to the Oman/Dubai average, state oil company Aramco said on Sunday.
The cuts were larger than expected, three traders said.
Qatar has set its July retroactive OSP for its Marine crude at $64.75 a barrel, up $1.30 a barrel from the previous month, according to a pricing document reviewed by Reuters on Monday.
That sets the OSP differential for Qatar Marine at $1.50 above Dubai quotes, down 19 cents from a month ago.
ASIA-PACITIC CRUDE: Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at $61.98 a barrel for July, up 14 cents from the previous month and the highest since May, a document from the Ministry of Energy & Mineral Resources showed on Monday.
The July Minas alpha, or price difference to dated Brent, was set at minus $2.06 per barrel, up 20 cents from a month ago, the document showed.
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