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Spot premiums for Middle East crude benchmarks Oman and Dubai fell further Tuesday amid ample supply and softer buying appetite. Gulf producers and traders cut offer prices to attract demand as buyers showed little urgency after flows through the Strait of Hormuz increased.
Spot premiums for Oman, Dubai and Murban crude fell further Monday as traders continued offering oil and high freight weighed on buying. The market is also assessing the supply outlook amid intensified attacks last week that drove flows through 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