TotalEnergies' Totsa Sells April-Loading Omani Crude at Multi-Year High Premium
Deep News
Mar 10
Trading sources reported that Totsa, the Asian trading arm of TotalEnergies, sold a cargo of Omani crude for April loading at a premium exceeding $20 per barrel over the Dubai benchmark. This marks TotalEnergies' second tender sale of Middle Eastern oil since regional exports were disrupted by the Iran conflict. The tender, which concluded on Monday, offered up to 2 million barrels of Omani crude for loading from Mina Al Fahal in Oman between April 1 and 30. Last week, TotalEnergies sold 1 million barrels of April-loading Omani crude to ExxonMobil at a premium of $7 per barrel over the Dubai quote.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.