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TotalEnergies' Totsa sells April-loading Oman crude at multi-year high premium, traders say

ReutersMar 10, 2026 8:09 AM

- TotalEnergies' TTEF.PA Asian trading arm Totsa has sold April-loading Oman crude to Exxon Mobil XOM.N at a multi-year high premium, traders said, its second tender for Middle East oil sales since the Iran war disrupted exports from the region.

The tender, in which Total offered up to 2 million barrels of Oman crude loading from April 1-30 at Oman's Mina AL Fahal port, closed on Monday.

The sale was priced at a premium of more than $20 per barrel to Dubai quotes, the people said.

Last week, Total sold 1 million barrels of Oman crude for April loading to Exxon Mobil XOM.N at a premium of $7 a barrel to Dubai quotes.

The companies do not comment on commercial deals.

Spot premiums of Oman surged to $30.94 per barrel on Monday, the highest in Reuters data record since 2018, as the U.S.-Israeli war with Iran significantly disrupted shipping from the vital oil region and forced producers to cut output. CRU/M

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