Middle East crude benchmark Dubai and Murban edged higher in the last trading session in January, as the market awaits production plans from major oil producers.

Ministers from OPEC+ countries – members of the Organization of the Petroleum Exporting Countries (OPEC) and others including Russia – are due to hold a virtual meeting at 1100 GMT on Feb. 1.

OSP

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps rose 13 cents to $1.13 a barrel. Vitol will deliver two March-loading Upper Zakum to Mercuria following the trade.
Source: Reuters