SINGAPORE - Middle East crude benchmark Dubai, as quoted by price reporting agency S&P Global Platts, rebounded in December to an average of $64.889 a barrel, the highest since May, an industry source said Thursday.
The monthly averages for December for Dubai and Oman as quoted by Platts are indicated in the table. Middle East producers set their monthly official selling prices (OSPs) at premiums or discount to these averages.
Saudi Aramco changed the benchmark for setting its official selling prices to Asia starting from October 2018 to the average of Platts Dubai and DME Oman crude futures.
CRUDE DEC NOV CHANGE Platts Dubai $64.889 $61.974 $2.915 Platts Oman $65.360 $62.777 $2.583 Platts Oman/Dubai average $65.125 $62.376 $2.749 Platts Dubai/DME Oman average $65.190 $62.392 $2.798
(Reporting By Shu Zhang; Editing by Tom Hogue) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))
