Middle East Crude-Benchmarks rise after Iraq cuts exports – ZAWYA

Middle East Crude-Benchmarks rise after Iraq cuts exports – ZAWYA

SINGAPORE- Middle East crude benchmarks Oman and Dubai rose on Tuesday following a deep supply cut by Iraq.. Russian ESPO crude was sold at higher premiums of $3.50 to $3.70 a barrel to Dubai quotes in Surgutneftgaz's tender, supported by Chinese demand.. Exxon Mobil sold via a tender one Russian Sokol crude cargo for August loading at a premium of $3-$3.30 a barrel to Dubai quotes, lower than the previous sale by ONGC at a premium of$3.60.. Japan's Cosmo Oil, a unit of Cosmo Energy Holdings Co Ltd, restarted the 102,000 barrels-per-day (bpd) No.2 crude distillation unit (CDU) at the Chiba refinery on June 13 after planned maintenance, a company spokesman said on Tuesday..