Middle East crude oil for sale to Asia remained at discounts to official selling levels even after Abu Dhabi National Oil Co. cut export prices yesterday.
Abu Dhabi’s Murban for August loading was unchanged at a discount of 33 cents a barrel below its official selling price, according to data compiled by Bloomberg. Qatar Land was 41 cents below, Bloomberg data showed.
The state oil producer reduced the June official selling price of its flagship Murban grade by 1.3 percent to $112.15 a barrel, it said yesterday in an e-mail to refiners. That leaves the grade at a premium of $4.38 barrel to benchmark Dubai, less than last month’s $5.22 difference.
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