Middle East Crude-Benchmarks mixed; ONGC offers October Sokol – ZAWYA

  • Date: 03-Aug-2020
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:GCC
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Middle East Crude-Benchmarks mixed; ONGC offers October Sokol – ZAWYA

Middle East Crude-Benchmarks mixed; ONGC offers October Sokol Middle East crude benchmarks, Oman and Dubai, were mixed on Monday    SINGAPORE- Middle East crude benchmarks, Oman and Dubai, were mixed on Monday as market participants awaited the release of new monthly official selling prices (OSPs) over the coming days.Dubai, as quoted by price-reporting agency S&P Global Platts, rose in July to an average of $43.278 a barrel, the highest since February. The OSP for Oman crude in September will rise by $2.04 to $43.62 a barrel, Reuters calculations based on data from the Dubai Mercantile Exchange (DME) showed.SINGAPORE- Middle East crude benchmarks, Oman and Dubai, were mixed on Monday as market participants awaited the release of new monthly official selling prices (OSPs) over the coming days.The OSP for Oman crude in September will rise by $2.04 to $43.62 a barrel, Reuters calculations based on data from the Dubai Mercantile Exchange (DME) showed.Platts Oman/Dubai average $43.334 $40.818 $2.517 Platts Dubai/DME Oman average $43.447 $41.186 $2.261Oman has notified all of its crude oil term customers of a cut of about 20% in their allocations for October 2020. ASIA-PACIFIC CRUDE:The OSP of a basket of July-loading Malaysian crude oil grades has been increased to $45.30