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Energy reporting agency Argus publishes Mideast crude oil prices against DME Oman benchmark





By Reuters

Petroleumworld 07 17 2018

* Global energy price reporting agency Argus Media said on Monday it has begun to publish prices for some Middle East crude grades against the Oman crude futures benchmark from Dubai Mercantile Exchange (DME)

* The move comes after the world's top crude oil exporter Saudi Aramco said it will switch part of the formula for its official selling price to DME Oman from Oman price published by S&P Global Platts from October

* Argus started publishing daily spot differentials to the DME Oman settlement price on July 13 for grades: Dubai and Murban produced in the United Arab Emirates, Qatar Marine, Qatar Land, al-Shaheen from Qatar, and Bahrain's Banoco Arab Medium, it said in a statement on its website

* The publication of spot differentials for other Middle East grades - Iraq's Basra Light, Basra Heavy, UAE's Das and Upper Zakum - will follow later this year, Argus said


Reporting by Florence Tan; Editing by Christian Schmollinger from Reuters 07 16 2018

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