November Oman cargo sold at premium
17 traders logged into the auction and placed more than 30 bids
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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.
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