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Latest News

Dubai sets September crude price at parity to DME Oman

DME Oman

Dubai has set its official differential to Oman futures for September at parity, down from a premium of 10 cents a barrel from the previous month, the Dubai Department of Petroleum Affairs said on Thursday.

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June 28, 2012 4:46 by



Dubai has set its official differential to Oman futures for September at parity, down from a premium of 10 cents a barrel from the previous month, the Dubai Department of Petroleum Affairs said on Thursday.

The differential will be applied to the average of daily settlements for the front-month July Oman contract at the end of July to set Dubai’s official selling price (OSP) for September-loading crude.

(Reporting by Florence Tan; Editing by Ron Popeski)



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