Middle East Crude-Benchmarks, EFS drop on poor refining margins – ZAWYA

Middle East Crude-Benchmarks, EFS drop on poor refining margins – ZAWYA

SINGAPORE- Middle East crude benchmarks Oman and Dubai dropped on Thursday due to weak demand and poor refining margins.. Brent's discount to Dubai swaps widened by 5 cents to $3.45 a barrel, setting a record since at least 2004 when the data became available, Refinitiv Eikon data showed.. Russia's Rosneft awarded a spot tender to sell five cargoes of ESPO Blend crude oil for loading in May at premiums around $2 per barrel to Dubai May swaps, traders said.. For crude prices, oil product cracks and refining margins, please click on the RICs below..