Dubai – Mubasher: The Middle East crude benchmark Dubai, as quoted by price-reporting agency S&P Global Platts, fell to an average of $62.894 per barrel (pb) in April, oil industry sources told Reuters.
The Middle East producers set their monthly official selling prices (OSPs) at premiums or discount based on the average prices of Dubai and Oman crude oil.
Saudi Aramco has changed the OSPs for its crude oil shipments to Asia to the average of Platts Dubai and DME Oman crude futures starting from October 2018.
