Middle East crude benchmarks mixed

09 Jul, 2020

SINGAPORE: Middle East crude benchmarks Oman and Dubai were mixed on Wednesday, as traders continued to wait for the release of official selling prices from producers.

Abu Dhabi National Oil Company (ADNOC) has set the August selling price (OSP) for its benchmark Murban crude at plus $1.75 per barrel to Platts Dubai, raising it by $0.75 from the previous month, it said on Wednesday.

Kuwait Petroleum Corp has sold a cargo of South Ratqa crude loading July 20-21 to a Korean buyer, a source said.

Chinese private refiner Hengyi has received 1 million barrels of Saudi Arab Medium crude for its refinery in Brunei via a spot purchase from Saudi Aramco, a source said.

The shipment, Nordic Sprinter, was discharged at the Muara port on June 3, the first time for Saudi oil to be exported to Brunei, Refinitiv Eikon shipping data showed.

China's Panjin Beiran refinery, a unit of Liaoning Bora, has purchased Brazilian Lula crude from Shell at a premium of around $2.6-$2.7 a barrel to ICE Brent for September arrival, traders said.

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