The Dubai Petroleum Department stated today, Tuesday, that "the emirate has set the official crude price differential for October at par with the futures contracts price for Oman crude on the Dubai Mercantile Exchange." The differential will be applied to the average daily settlements of the nearest October futures contract for Oman crude at the end of August to determine the official selling price for Dubai crude for October loading.
Dubai Crude Pricing Equal to Oman Crude Price
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