Middle East Oil Trades at Discount; Abu Dhabi Cuts Export Prices
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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.