Middle East crude benchmark premiums for Dubai, Oman and Murban all tumbled on Friday.

ASIA-PACIFIC CRUDE:

The official selling price of a basket of October-loading Malaysian Crude Oil (MCO) grades OSP/MY has been set at $82.56 a barrel, a price document showed on Friday.

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps fell 91 cents to $0.74 a barrel, the lowest since Aug.13.

NEWS

U.S. oil production rose 1.5% in August to a record monthly high of 13.4 million barrels per day, the U.S. Energy Information Administration said in its monthly oil and natural gas production report.

OPEC+ could delay December’s planned increase to oil production by a month or more, four sources close to the matter told Reuters on Wednesday, citing concern over soft oil demand and rising supply.

Top oil exporter Saudi Arabia might cut prices for most of the crude grades it sells to Asia in December, tracking weakness in Middle East benchmark Dubai, trade sources said.
Source: Reuters (Reporting by Siyi Liu in Singapore, Editing by David Goodman)