SINGAPORE: The Middle East crude benchmarks stayed firm on Friday after Abu Dhabi raised its official selling price for Murban following a hike by oil giant Saudi Aramco.
ADNOC OSP
Abu Dhabi National Oil Company (ADNOC) set the April retroactive selling price for its benchmark Murban crude at $71.90 per barrel. This is up from March’s $66.10 per barrel.
INDIA
India’s Mangalore Refinery and Petrochemicals Ltd is seeking 600,000 barrels each of low sulphur and high sulphur crude for July, tender documents showed.
Both tenders will close on May 11 and are valid until May 14.
RUSSIA
The CPC Blend crude oil loading plan for May was lowered to 5.18 million tonnes from 5.37 million tonnes in the preliminary version, a revised schedule seen by Reuters showed.
CPC Blend differentials have remained at the lowest levels since 2012, owing to an overhang of supply and US crude oil competition.
Source: Brecorder
