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Oman to sell 1m oil barrels in DME

Oman to sell 1m oil barrels in DME
The auction will be held on Tuesday at 7:55 GMT

Mubasher: Oman is planning to sell more quantities of crude oil in November to maximize the use of the strong demand in Asia, according to Reuters.

Sources said that the Omani ministry of oil and gas will hold an auction in the Dubai Mercantile Exchange (DME), where bidders will have a chance to purchase one million barrels at the official prices for November futures.

The news agency noted that the auction will be hold on Tuesday at 7:55 GMT.