Middle East Crude-Benchmarks steady as traders await OSPs

SectorOil & Gas
CountryMiddle east

SINGAPORE- Middle East crude benchmarks Oman and Dubai edged up on Wednesday while traders awaited the release of fresh official selling prices (OSPs) from major producers.India's IOC will close another two spot tenders on Thursday.ASIA-PACIFIC CRUDE:Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at $64.06 a barrel for March, up $2.64 from the previous month, a pricing document showed. urn:newsml:reuters.com:*:nL4N2M01MMRUSSIAN CRUDE:Russia's expected ESPO Blend crude oil exports from the Far East Kozmino port were revised up by 0.1 million tonnes to 2.92 million tonnes in April after oil company Rosneft added a cargo to its loading plan, two traders said on Wednesday.NEWSU.S. crude oil production is expected to fall by 270,000 barrels per day (bpd) in 2021 to 11.04 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a steeper decline than its previous forecast for a drop of 160,000 bpd. Royal Dutch Shell expects its fuel sales to fall or at best...read more...