Dubai: Dubai Mercantile Exchange hosted its latest auction on Tuesday, on behalf of Oman’s Ministry of Oil and Gas (MOG).
The 1-million barrel cargo of November-loading Oman Blend crude was awarded at a premium of $0.09 per barrel over the November Official Selling Price (OSP). The Oman OSP is calculated on a volume-weighted average of daily DME Marker Prices over the month.
17 traders logged into the auction and placed more than 30 bids, an emailed statement from DME said.
The Dubai Mercantile Exchange.
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