Middle East Crude-Benchmarks, EFS fall – ZAWYA

Middle East Crude-Benchmarks, EFS fall – ZAWYA

SINGAPORE- Middle East crude benchmarks Oman and Dubai fell on Monday on weak demand amid increasing fears that the global coronavirus shutdown could last months.. Brent's discount to Dubai swaps widened by $1.21 to $5.75 a barrel, setting a new record since at least 2004 when the data became available, Refinitiv Eikon data showed.. ExxonMobil offered a cargo of Upper Zakum crude loading between May 1 and May 25 at a discount of $5.15 a barrel to Dubai quotes, but did not attract any buyers.. Norway's Equinor said on Monday its Johan Sverdrup oilfield is ramping up output at a faster pace and will produce more barrels per day than initially expected..