Middle East Crude-Benchmarks edge up; IOC, Pertamina seek crude

SectorFinancial Markets
CountryMiddle east

SINGAPORE- Middle East crude benchmarks Oman and Dubai slightly recovered on Wednesday after dropping for two straight sessions, while market participants continued to await the release of new official selling prices from Kuwait, Iraq and Qatar.India's IOC is seeking west African crude loading over Nov. 1-10 in a tender closing and valid on Thursday.Indonesia's Pertamina is seeking crude for delivery over November 16-30 and December 5-10 in a tender closing on Wednesday.REFINERYJapan's Idemitsu Kosan Co Ltd finished maintenance at its Hokkaido refinery in northern Japan on Tuesday and will restart the 150,000 barrels-per-day (bpd) crude distillation unit (CDU) on Sept. 18, a company spokeswoman said on Wednesday. NEWSU.S. crude oil stockpiles were expected to fall for a seventh straight week, while refined product inventories also likely dropped last week, a preliminary ...read more...