SINGAPORE- Middle East crude benchmarks Oman and Dubai edged higher on Thursday, ahead of a meeting between OPEC and its allies to decide whether to raise oil output slightly from April.
The market has been expecting the OPEC+ group of producers to ease supply cuts by about 500,000 barrels per day (bpd) from April.
OPEC's de facto leader Saudi Arabia has also been expected to partially or fully end its voluntary production cut of an additional 1 million bpd.
But three OPEC+ sources said on Wednesday that some key members of the OPEC had suggested that output across the OPEC+ group should be kept unchanged.
NEWS
India, the world's third largest oil importer and consumer, wants major OPEC+ producers to boost output in order to fulfil their promise of stable crude markets, the nation's oil minister Dharmendra Pradhan said on Wednesday.
The Intercontinental Exchange (ICE) is looking to run two types of Dated Brent contracts after June 2022 following pricing agency Platts' announced major change to its global oil benchmark, a circular from the exchange showed.
Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism.
(Reporting By Shu Zhang; Editing by Subhranshu Sahu) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))
