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DUBAI OIL BENCHMARK
Iran threatens painful response if US renews attacksSupreme Leader Mojtaba Khamenei said in a written message to Iranians that Tehran would eliminate "the enemies' abuses of the waterway" und...
So what is the real oil price right now?The Iran crisis highlights the complex reality of oil pricing, differentiating between physical and financial markets. While financial mark...
Iran threatens to retaliate against Gulf ports for US blockadeThe United States military will blockade ships leaving Iran's ports starting Monday. Iran has threatened retaliation against Gulf neighbors...
Iran war puts Middle East Dubai oil benchmark under stress as prices soarThe halting of oil exports through the Strait of Hormuz has left the Dubai Middle East benchmark, the price used to value nearly a fifth of...
Global Market | Vital oil benchmarks say a different storyAsian oil refiners are seeking alternatives to Middle East crude benchmarks due to war-driven price volatility that has detached from physi...
Japan government urges shift to Brent from Dubai pricingJapan's government is taking steps to control rising gasoline prices. The industry ministry has requested oil wholesalers to use Brent crud...
BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sourcesUnder the pending deal, Rosneft would deliver the equivalent of 6 to 7 cargoes of about 700,000 to 720,000 barrels each per month through M...
Russia shifts to Dubai benchmark in Indian oil deal: SourcesRussia's top oil producer, Rosneft, and India's leading refiner, Indian Oil Corp (IOC), have abandoned the Brent benchmark in favour of usi...
Average Dubai crude oil price rises to 13-month high in Feb: SourcesThe monthly averages for February for Dubai and Oman as quoted by Platts are indicated in the table. Middle East producers set their monthl...
Saudi Arabia may cut or keep Asia crude prices steady in December: SurveySaudi crude OSPs are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices, affecting mo...
Gulf markets plunge on oil price crashDubai's benchmark index was down almost 9 per cent, Abu Dhabi index was down 7 per cent.
Oil price benchmarks are defying the laws of supply and demandCrudes usually yield more ship-powering dirty fuel oil, returns for which are tumbling.
Sanctions, Opec cuts push Asia’s sour crude prices above BrentUS sanctions on Venezuela suddenly halted its crude exports to the United States last month.
DGCX announces listing of Dubai India Crude Oil Quanto futuresThe DICO futures will be cash settled, trading from Monday to Friday during the usual Exchange trading hours (7:00am - 11:55pm).
Market gloom likely to persist after weak Asian openingMiddle East markets are likely to remain weak as a bleak long-term outlook for oil prices and a downbeat opening on Asian bourses offer lit...
- ET in the classroom: What is crude oil benchmark and its relevance?
A look at the concept of crude benchmarks and their relevance for deciding the price of fuels in India.
- Goldman, Morgan Stanley among Dubai Merc investors
Goldman Sachs Group Inc, Morgan Stanley and four energy companies are taking minority stakes in Dubai Mercantile Exchange Ltd.