Dubai sets March crude price at parity to Oman at $0.25/bbl

Dubai sets March crude price at parity to Oman at $0.25/bbl

UAE – Mubasher: The Dubai Department of Petroleum Affairs has set the official differential selling price for Dubai crude to Oman futures at a discount of $0.25 per barrel for March 2021, Reuters reported.

The differential selling price will be applied to the average of daily settlements for the front month March Oman contract at the end of January to determine the official selling prices for Dubai crude in March.

It is noteworthy to mention that in November, Dubai has set the official differential selling price for its crude to Oman futures at a discount of $0.40 per barrel in February 2021.