Spot premiums for Middle East crude extend decline as supply fears ease
Spot premiums for Middle East crude benchmarks extended their declines Friday after earlier fears of supply constraints eased.
Spot premiums for Middle East crude benchmarks kept falling on Friday as earlier fears over supply disruptions eased. Saudi Arabia has sold about 60 million barrels of crude from Ras Tanura inside the Strait of Hormuz for loading via ship-to-ship transfer at the Omani port of Sohar this month.