Murban holding value in firm trade

The Middle East crude market firmed up, with April differentials strengthening on swift cargo trade and thinning supplies. The Abu Dhabi benchmark grade, Murban, was pegged at a slight premium of 0-5 cents a barrel to the Adnoc official selling price. April Oman traded on the DME was at a premium of $3.31 to Dubai swap quotes at 0830 GMT, using the settlement price for DME futures, the ICE one-minute marker for Singapore and the Brent-Dubai EFS as calculated by Reuters. Front-month Brent/Dubai Exchange of Futures for Swaps (EFS) for April rose 56 cents from the previous session to $4.35 a barrel. An Iranian supertanker loaded with crude has made a rare journey to an anchorage point off the coast of an Indonesian island used for offshore sales and storage of oil. Myanmar will launch a global tender for six onshore oil and gas blocks as the reforming Southeast Asian country seeks to tap more foreign investment from the West, two Yangon-based sources with direct knowledge of the deals said. Saudi Arabia’s concern is to keep the global oil market well supplied, its deputy oil minister said on Thursday.