Oman fails to benefit from spot crude trading

摘要

Tight supplies of Mideast Gulf medium-heavy sour crude and strong demand have kept spot Oman crude at firm premiums to term prices.April-loading Oman cargoes have traded at premiums of 180/bl to the Oman ministry of oil and gas(MOG)official selling price,a 20-month high.April Oman cargoes traded at parity to Mideast Gulf benchmark Dubai assessments,the highest relative price in seven months.Prices for spot Oman are higher than Oman futures on Dubai exchange DME,with the DME April contract trading at a discount of 600/bl to Dubai crude.