SINGAPORE- Middle East crude benchmarks Oman and Dubai rose on Monday at the start of the month.
Abu Dhabi National Oil Company (ADNOC) set its June official selling price (OSP) for its benchmark Murban crude at $63.35 a barrel, based on the trading of newly launched ICE Murban futures.
The June OSP for Umm Lulu was set at a discount of five cents a barrel to Murban at $63.30 a barrel. Das was set at a discount of 35 cents a barrel to Murban at $63 a barrel. Upper Zakum was set at a discount of 40 cents a barrel to Murban at $62.95 a barrel.
Dubai, as quoted by price-reporting agency S&P Global Platts, fell in April to an average of $62.894 a barrel.
NEWS
OPEC oil output has risen in April as higher supply from Iran countered involuntary cuts and agreed reductions by other members under a pact with allies, a Reuters survey found, adding to signs of a 2021 recovery in Tehran's exports.
Russian oil and gas condensate output rose 2% to 10.46 million barrels per day (bpd) in April, from 10.25 million bpd in March, according to Reuters calculations based on an Interfax report on Sunday citing energy ministry data.
OPEC's share of India's oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia's third-largest economy fell to a six-year low, data obtained from industry and trade sources showed.
Energy trader Vitol on Friday said its U.S. upstream company, Vencer Energy LLC, will acquire Hunt Oil Co's Midland Basin assets for an undisclosed sum.
(Reporting By Shu Zhang; editing by Uttaresh.V) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))
