SINGAPORE- Middle East crude benchmarks Oman and Dubai were mixed on the first day of the front-month September trading cycle.
Dubai, as quoted by price-reporting agency S&P Global Platts, jumped more than $10 in June to an average of $40.791 a barrel.
Top oil exporter Saudi Arabia may raise its August official selling price (OSP) for crude sold in Asia, hiking for a third straight month due to rising Middle East benchmarks and a rebound in Asian refining margins, industry sources said.
ASIA-PACIFIC CRUDE:
The official selling price of a basket of June-loading Malaysian crude oil grades has been increased to $35.87 a barrel, Malaysian state oil firm Petronas said in a pricing document released on Wednesday.
NEWS
Indian state-refiners' gasoline and gasoil sales rose in June compared with May, continuing with a gradual recovery as the nation relaxed lockdown aimed at stemming spread of COVID-19, provisional sales data showed on Wednesday.
Iraq's oil exports in June fell to 2.8 million barrels per day (bpd) from 3.21 million bpd in May, the oil ministry said on Wednesday.
Oman has told its crude oil term customers of a cut of about 10% in allocations for September loading and delivery, the oil ministry said on Wednesday.
(Reporting By Shu Zhang; Editing by Krishna Chandra Eluri) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))
