2023-08-23 10:18:00
Apply the spread to the average daily settlement of the nearest maturity contract
Singapore – Archyde.com
Posted on: August 23, 2023: 02:18 PM GST Last updated: August 23, 2023: 02:59 PM GST
The Department of Oil Affairs in Dubai said today, Wednesday, that the emirate has set the official price difference for its crude for the month of November, equal to the price of Omani crude futures contracts on the Dubai Energy Exchange.
The price differential will be applied to the average daily settlement of the front-month Omani crude contract for the month of November at the end of September to determine the official selling price of Dubai crude for November loading.
It also set the official crude price difference for the month of October equal to the price of Oman crude futures contracts on the DME.
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