Dubai – Masaader News
Dubai Mercantile Exchange hosted its latest auction on Thursday, on behalf of Oman’s Ministry of Oil and Gas (MOG)
The 2-million barrel cargo of December-loading Oman Blend crude was awarded at a premium of $0.07 per barrel over the December Official Selling Price (OSP).
The Oman OSP is calculated on a volume-weighted average of daily DME Marker Prices over the month. 21 companies logged into the auction and registered 17 bids.
Oman crude for December loading was traded Thursday on the DME at around $54.60/b.
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