Middle East Crude-Benchmarks edge up; ESPO's spot discount widens | ZAWYA MENA Edition

Middle East Crude-Benchmarks edge up; ESPO's spot discount widens | ZAWYA MENA Edition:

Middle East crude benchmarks Oman and Dubai edged up on Monday, while spot differentials for Russian ESPO Blend crude fell to a record low in Asia as abundant supplies and low demand weighed on oil markets.

Russia's Surgutneftegaz sold three June-loading 740,000-barrel ESPO Blend crude cargoes to trading firm Gunvor in a spot tender awarded on Friday at wide discounts estimated from $4.60 a barrel to $5.00 a barrel to Dubai quotes, traders said. 

Vietnam's PV Oil awarded June-loading Ruby, Chim Sao and Bach Ho Light crude to domestic Binh Son refinery, traders said.

Binh Son refinery has issued a tender seeking up to 7.5 million barrels of sweet crude for delivery over July-December, traders said.