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Oman tenders for 20,000-25,000 T gasoline – trade

The Middle East gasoline market is oversupplied in line with global ample supply .


September 21, 2010 2:54 by

Oman is looking to buy 20,000-25,000 tonnes of gasoline in a tender due to close on Wednesday, trade sources told Reuters.

“Omanis keep buying on and off, intermittently, depending on their supply and demand….supplies must be short,” one gasoline trader said. Gasoline sales have risen in Oman this year and sources say it is partly because of gasoline price rises in the United Arab Emirates and motorists crossing over the Omani border to fill up on cheaper fuel.

The Middle East gasoline market is oversupplied in line with global ample supply and the absence of major buyer Iran as international sanctions have made it harder for it to buy or sell fuel.

(Reporting by Humeyra Pamuk, Editing by Sue Thomas)


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