Middle East Crude benchmarks for Dubai and Oman rise, Murban lower
Energy TENI.SA | 0.00 | |
United States Oil Fund Lp Units USO | 0.00 |
SINGAPORE, May 26 (Reuters) - Key Middle East crude benchmarks for Dubai and Oman rose on Tuesday, while Murban premiums dropped.
Brent crude oil rose 3% on Tuesday after the U.S. military carried out strikes in Iran, adding to uncertainty about whether a deal would be imminently reached to end the war and open up shipping flows through the Strait of Hormuz.
SINGAPORE CASH DEALS
Cash Dubai's premium to swaps rose 76 cents to $10.03 a barrel on Tuesday.
PRICES ($/BBL)
| CURRENT | PREV. SESSION | |
| GME OMAN | 95.57 | 95.56 |
| GME OMAN DIFF TO DUBAI | 7.1 | 6.74 |
| CASH DUBAI | 98.50 | 98.09 |
NEWS
Ship-tracking data showed a supertanker with Iraqi crude for China passed through the Strait of Hormuz in recent days, after being stranded for nearly three months.
Indian refiners' crude throughput fell 8.9% month-on-month in April to 5.23 million barrels per day (21.39 million metric tons), provisional government data showed.
Russia's Syzran oil refinery on the Volga river has halted operations after a Ukrainian drone attack on May 21 damaged a primary processing unit, two industry sources said on Monday.