Middle East Crude-Benchmarks steady amid Venezuelan oil export disruptions
Middle East crude benchmarks Oman, Dubai, and Murban remained steady amid Venezuelan oil export disruptions. The U.S. Coast Guard intercepted oil tankers near Venezuela, following President Trump's blockade announcement. Oil prices rose due to supply uncertainty. Cash Dubai's premium to swaps slightly decreased. Various oil deals were made, with prices around $61.20 per barrel. Additionally, CNOOC started production in the South China Sea, and Indonesia offered new oil and gas blocks. China's fuel oil imports increased, and it criticized the U.S. for intercepting a China-bound tanker.