Middle East Economic Survey
VOL. LII
No 26
29-Jun-2009
OIL PRICES
Dubai To Base OSP On DME Oman Futures Contract
The Dubai Mercantile Exchange (DME) on 23 June confirmed that the Dubai Department of Petroleum Affairs (DPA) will set the monthly official selling price (OSP) for Dubai crude oil based on a differential to the settlement price of the DMEs Oman Crude Oil Futures Contract. Dubai has traditionally acted as the benchmark crude oil for Middle East producers, who price cargoes at a...
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