Middle East Crude-Benchmarks rise; ONGC offers July Sokol cargo

Middle East crude benchmarks Oman and Dubai edged up on Wednesday

  

SINGAPORE- Middle East crude benchmarks Oman and Dubai edged up on Wednesday, tracking global oil futures, as market participants continued to await the release of fresh monthly official selling prices. 

ONGC offered one Russian Sokol crude cargo, loading July 2-8, via a spot tender to be closed on May 11 with same-day validity.

Vietnam's PV Oil awarded a term tender of 6,700 barrels per day of Su Tu Den crude loading over the second half of the year to domestic Binh Son refinery at around $1.7 a barrel above dated Brent, traders said.

NEWS

The American Petroleum Institute (API) industry group reported crude stockpiles fell by 7.7 million barrels in the week ended April 30, according to two market sources. That was more than triple the drawdown expected by analysts polled by Reuters. Gasoline stockpiles fell by 5.3 million barrels. 

India's oil imports in March rose from the previous month, buoyed by an upturn in economic activity that could take a knock again because of renewed lockdowns in the world's third-largest crude importer. 

Militants using bombs attacked two oil wells at an oilfield close to the northern Iraqi city of Kirkuk on Wednesday, killing at least one policeman and setting off fires, the oil ministry said. 

(Reporting by Shu Zhang, Editing by Amy Caren Daniel) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))


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