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Middle East crude benchmarks Oman and Dubai extended their decline on Monday, sliding toward premiums of $20 a barrel. This comes as traders eyed a partial recovery in shipments from Saudi Arabia and stronger than usual flows through the Strait of Hormuz.
Oman and Dubai crude benchmarks extended their decline on Monday, edging toward $20/bbl premiums, as traders looked to a partial recovery in shipments from Saudi Arabia. Saudi Arabia has sold about 60 million barrels from Ras Tanura for loading via the Strait of Hormuz.
SINGAPORE, Sept 18 (Reuters) — Spot premiums for Middle East crude benchmarks extended declines on Friday, as earlier fears of supply constraints 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 th