Middle East Crude-Benchmarks fall as buying interest cools

  • Date: 26-Oct-2020
  • Source: Zawya
  • Sector:Economy
  • Country:GCC
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Middle East Crude-Benchmarks fall as buying interest cools

SINGAPORE- Middle East crude benchmarks Oman and Dubai fell on Monday, tracking global oil futures, as buying interest cooled, with many Asian refiners having completed their spot purchases.Pertamina has issued another spot tender seeking condensate for delivery over the first half of December. The tender will close on Tuesday with bids valid till Thursday.One cargo of Russian ESPO crude loading over mid-December was sold at a premium of $1.65-$1.70 to Dubai quotes, slightly lower than the level seen in a Surgut tender earlier this month, a trader said.REFINERYCrude oil processed by Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions. urn:newsml:reuters.com:*:nL4N2HH0G7NEWSChina's crude oil imports from the United States rose