Arab Today, arab today dubai announces crude oil price for may
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Dubai announces crude oil price for May

Arab Today, arab today

Arab Today, arab today Dubai announces crude oil price for May

Dubai announces crude oil price
Dubai - WAM

The Department of Oil Affairs of the Government of Dubai has announced that it has notified its customers that the official price of Dubai crude oil to be delivered in May 2015, will be US$0.70 lower than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange for contracts being traded during March.
Abdullah Abdul Karim, Director-General of the department, told Emirates News Agency, WAM, that the department sets the price of Dubai crude oil in the market to parallel Oman's oil prices, which reinforces the transparency of their pricing process commitment and sets a fair value for crude oil in the Middle East.
The official monthly price of Dubai crude oil - with the transition to the pricing of futures contracts - is determined in advance, wherein a differential price is set three months in advance (M-3), while the official final monthly price is determined at the end of the second month (M-2).
DME Oman crude oil is considered a benchmark for pricing crude oil by the countries that produce it, and it gives them a differential price that reflects the quality of the product.
Every day at 12:30 p.m. Dubai time, Dubai Mercantile Exchange determines the daily settlement price of the Oman contract, which is the average price of transactions made within the five minute period from 12:25 p.m. to 12:30 p.m., Dubai time.
On the last circulating day of the month, the settlement window lasts for 30 minutes from 12 p.m. to 12:30 p.m., Dubai time.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai announces crude oil price for may Arab Today, arab today dubai announces crude oil price for may

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai announces crude oil price for may Arab Today, arab today dubai announces crude oil price for may

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday