Benchmarks Fall to One-Month Low on Hormuz Flow Recovery
Middle East crude benchmarks Oman, Dubai, and Murban saw spot premiums fall to their lowest since late August on Tuesday, as supplies via the Strait of Hormuz increased. Data indicated that Gulf oil flows, excluding Iran, rose to over 81% of pre-war levels in September.
Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban fell on Tuesday to their lowest since late August, pressured by rising supplies through the Strait of Hormuz. Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September, data showed, led by a recovery in Saudi…