Qatar Energy set the term price for cargoes of al-Shaheen oil loading in July at the lowest level since April 2021, as refining margins remained sluggish and crude supplies were ample despite an additional OPEC+ output cut.
Qatar Energy set the term price for cargoes of al-Shaheen oil loading in June at a higher level than for May, indicating stronger demand for crude for the summer amid tightening supply after producers agreed to cut output.
Iraq's Oil Marketing Company (SOMO) kept its official selling price (OSP) for Basra Medium crude to Asia unchanged in May at minus $0.15 a barrel to the average of Oman/Dubai quotes, a price document reviewed by Reuters on Thursday showed.
Kuwait raised the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in May by 25 cents from the previous month to $2.40 a barrel above the average of Oman/Dubai quotes, a price document reviewed by Reuters showed on Wednesday.
India, Britain detail contributions to oil release (Adds comments from White House, analyst comments, details on retail gasoline prices and oil prices, background)