SINGAPORE, March 16 (Reuters) - Middle East crude
values remained firm on Friday, underpinned by potential supply
disruptions from Iran over Western sanctions.
ADNOC's Middle East benchmark Murban crude was valued at a
premium of about 30 cents a barrel, unchanged from levels
discussed in the previous session.
No deals were heard done on Friday, but BP was heard
offering at least one cargo of the Abu Dhabi grade at a premium
of 30 cents a barrel to the official selling price (OSP).
The highest transacted price for Murban heard done this week
was at 32 cents a barrel to the official selling price (OSP).
* MARKET NEWS
- Britain is poised to cooperate with the United States on a
release of strategic oil stocks expected within months, two
British sources said, in a bid to prevent fuel prices choking
economic growth in a U.S. election year.
- Showa Shell Sekiyu KK, the largest buyer of
Iranian crude in Japan, has yet to reach an agreement with Iran
over the renewal of its annual term purchase contract as Western
sanctions complicate talks, industry sources said on Friday.
- Japan, South Korea and global ship insurers are lobbying
EU officials to revise planned sanctions against Iran to allow
Europe's insurance market to continue to cover Iranian oil
shipments to Asia, government and industry sources said.
CRUDE Price Prev Change % change
MAY Oman diff to Dubai 2.73 3.23 -0.50
MAY Brent 123.42 124.7 -1.28 -1.03%
0
MAY Dubai 119.67 120.8 -1.15 -0.95%
2
May DME Oman 122.40 124.0 -1.65 -1.33%
5
MAY Brent/Dubai EFS 3.75 3.88 -0.13
DUB-EFS-1M
