SINGAPORE - Middle East crude benchmark Dubai, as quoted by price-reporting agency S&P Global Platts, fell in April to an average of $62.894 a barrel, market participants said on Monday.
The monthly averages for April for Dubai and Oman crude as quoted by Platts are indicated in the table. Middle East producers set their monthly official selling prices (OSPs) at premiums or discounts 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 APRIL MARCH CHANGE Platts Dubai $62.894 $64.414 -$1.520 Platts Oman $62.966 $64.467 -$1.501 Platts Oman/Dubai $62.930 $64.441 -$1.511 average Platts Dubai/DME Oman $62.996 $64.422 -$1.426 average
(Reporting By Shu Zhang and Florence Tan Editing by David Goodman ) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))
