Middle East Crude-Benchmarks mixed; Saudi raises July OSPs for Asia

Middle East crude benchmarks Oman and Dubai were mixed on Thursday

  

SINGAPORE- Middle East crude benchmarks Oman and Dubai were mixed on Thursday, while top oil exporter Saudi Arabia raised the July official selling prices (OSPs) of most crude grades it sells to Asia.

Saudi Aramco set the July OSP for the flagship Arab light crude at $1.90 a barrel above the Oman/Dubai average for Asia, up 20 cents from June. Y

Sources at Asian refiners surveyed by Reuters had on average expected an increase of 10 cents a barrel for the grade. 

UAE's Abu Dhabi National Oil Company (ADNOC) raised the July OSP for its flagship Murban crude to $66.70 a barrel, compared with $63.35 a barrel for June.

July OSP for Umm Lulu was set at $66.65 a barrel, Das at $66.35 a barrel, and Upper Zakum at $66.20 a barrel.

In the spot market, ONGC offered 700,000 barrels of Russian Sokol crude, loading Aug. 2-8, via its first spot tender this month.

NEWS

Vagit Alekperov, the head of Russia's second-largest oil company Lukoil, said on Thursday that he expects the group of leading oil producers, known as OPEC+, will decide to raise output at its meeting next month. 

Exxon Mobil Corp shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company's board, the company said on Wednesday, extending the firm's upset victory at one of America's top energy corporations. 

Authorities in Brazil are investigating senior employees at Connecticut-based trading house Freepoint Commodities for their alleged role in a bribery scheme involving state-run oil company Petrobras, Reuters has learned.

(Reporting By Shu Zhang; Editing by Subhranshu Sahu) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))


More From Commodities