Middle East Economic Survey


No 7


Middle East Crude Pricing: The Dubai Debate

By Adrian Binks

The following article was written for MEES by Adrian Binks, Managing Director/Publisher, Argus Media Group.

Over 10mn barrels of oil is exported each day from the Middle East to Asia-Pacific priced on a combination of Dubai and Oman spot market quotations. This is the index that has been used for almost 20 years. But over this period, the way that pricing agencies assess the...