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Middle East Crude-Benchmarks rise from two-week lows

Wednesday, 21 May 2025 | 00:00

Middle East crude benchmark spot premiums of Oman, Dubai and Murban ticked up on Tuesday after falling to two-week low levels in the previous session.

Oil prices steadied on Tuesday, as investors remained cautious with uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks.

ASIA-PACIFIC CRUDE:

Vietnam’s PV Oil sold 300,000 barrels of Chim Sao crude for July via a tender to Bin Son Refinery.

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps rose 26 cents to $1.30 a barrel.

PTT and BP will each deliver a July-loading Murban crude cargo to PetroChina following the deals.
Source: Reuters

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