SINGAPORE, March 29 (Reuters) - Middle East crude remained week on Thursday
as an overhang of supply and slow uptake by regional refiners weighed on prices.
Abu Dhabi's Murban crude was pegged at around 20-25 cents, down up to 10
cents from levels seen at the start of March.
High flows of Russian Urals into Asia is expected to keep pricing for
barrels from Gulf producers lower.
* MARKET NEWS
- Saudi Arabian Oil Minister Ali al-Naimi mounted his most direct rhetorical
attack against high oil prices on Wednesday, but showed no sign of moving to
increase supplies even as France joined the United States and Britain in talks
for a release of strategic reserves.
- Crude oil refiner Hyundai Oilbank is pushing back its planned up to $2
billion IPO to the second half on several factors including uncertainties over
the sanctions imposed against Iran by Western governments, three sources with
knowledge of the matter told Reuters on Thursday.
CRUDE Price Prev Change % change
MAY Oman diff to Dubai 0.53 0.33 0.20
MAY Brent 124.53 124.4 0.06 0.05%
MAY Dubai 121.25 121.4 -0.15 -0.12%
MAY DME Oman 121.78 121.7 0.05 0.04%
MAY Brent/Dubai EFS 4.20 4.05 0.15
DUB-EFS-1M
