Dubai has set its official crude differential for February at a premium of 5 cents a barrel to GME Oman futures, the Dubai Department of Petroleum Affairs said on Tuesday.
The differential will be applied to the average of daily settlements for the front month February Oman contract at the end of December to set Dubai’s official selling price (OSP) for February-loading crude.
Source: Reuters (Reporting by Anjana Anil in Bengaluru and Florence Tan in Singapore, Editing by Louise Heavens)