A firm tone prevailed in the Middle East crude market on Monday even after Saudi Arabia announced steady supplies for term customers in May, as
prospective outflows from the region towards Europe and the U.S. supported distillate-rich grades.
Qatar's heavy, sour al-Shaheen crude was heard sold at a premium of about $1.20 a barrel to Dubai quotes by Danish producer Maersk in some of the first spot trades for June-loading supplies, confirming a firmer trend for physical deals.
Al-Shaheen for May-loading last month traded at premiums of between 40 and 70 cents.
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