Dubai Mercantile Exchange Auctions: A Premium Of $0.21 Per Barrel Over November OSP For 2 Million Barrels Of Oman Crude - 45.6 Million Barrels Auctioned, Generating $22.11 Million In Premiums

The Ministry of Energy and Minerals (MEM) in Oman sold a cargo of 2 million barrels of Oman crude via DME auctions platform. The barrel cargo of November-loading Oman crude was awarded at a premium of $0.21 per barrel over November 2023 OSP.

The DME Auction platform saw 14 participants with 16 active bids placed during the 2-minute period. The Oman OSP is calculated on a volume-weighted average of daily DME Oman Crude Oil (OQD) Marker Prices over the month.