Oman Raises Contract Crude Price by SO.45/B for September

Oman has raised the price of its contract crude for September by $0.45/B, to $27.37/B - the third increase since last June. Oman's contract crude was priced at $25.90/B in June, $26.10/B in July and $26.92/B in August.

Oman has been pricing its contract crude since 1 January this year on a monthly basis in accordance with a spot market related formula under which a deemed spot price for Omani crude - calculated on the...