October Basrah Heavy cargo sold at OSP +$1.63: DME
October Basrah Heavy cargo sold at OSP +$1.63: DME
Cairo - Mena
Dubai Mercantile Exchange (DME) hosted its latest auction on Wednesday, on behalf of Iraq’s National Oil Company, SOMO, where 2-million barrel cargo of Basrah Heavy was awarded at a premium of $1.63 per barrel over the October Basrah Heavy Official Selling Price (OSP).
The second highest bid was +$1.59/b. 25 companies logged into the auction and 45 separate bids were received. Over 50 companies have now registered with the DME to access SOMO auctions, DME said in a press release.
In July a Basrah Heavy cargo for September loading was auctioned at a premium of $1.37/b, but strong demand has further lifted premiums for heavier barrels, while OPEC cuts curtail supplies.
source: WAA
- Wednesday ,10 October GMT 09:06 2018 Egypt's stock exchange loses EGP 2.8 blnEgypt's stock exchange loses EGP 2.8 bln
GMT 07:59 2018 Tuesday ,16 October
Egyptian Stock Market loses EGP 2.7 bln MondayGMT 09:06 2018 Wednesday ,10 October
Egypt's stock exchange loses EGP 2.8 blnEgypt's stock exchange loses EGP 2.8 blnGMT 15:26 2017 Tuesday ,19 December
EGX trades sideways, benchmark down 0.3 pctGMT 15:50 2017 Sunday ,17 December
EGX gains EGP 4.4bnGMT 16:29 2017 Wednesday ,29 November
Egypt's bourse gains 1.7 billion poundsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 08:02 2015 Tuesday ,15 September
No snow: Californian water source at 500-year low
GMT 15:25 2018 Wednesday ,14 November
Friedrich Merz vows to steal half of AfD voters
GMT 07:44 2018 Friday ,09 November
Imelda Marcos faces prison after corruption convictions
GMT 10:12 2018 Sunday ,28 October
Eritrea warns Germany not to 'meddle' in region's affairs
GMT 06:53 2017 Saturday ,18 February
G20 foreign ministers vow to fight poverty in Africa
GMT 14:27 2017 Friday ,10 March
Hypercars mingle with station wagons
GMT 16:15 2017 Wednesday ,16 August
Grace Mugabe requests diplomatic immunity in assault case
GMT 21:28 2017 Friday ,31 March
China's Xi to meet Trump in Mar-a-Lago on April 6-7
GMT 13:13 2011 Friday ,16 December
Hyundai i-oniq Concept for Geneva 2012GMT 11:53 2011 Monday ,26 September
Guerrero: We’ve got Peruvians dreaming
GMT 18:17 2016 Sunday ,18 December
Iraqi warplanes bomb Daesh warehouses
GMT 16:54 2017 Sunday ,15 January
26 killed as Hadi forces push Houthis back
GMT 20:18 2016 Monday ,01 August
Israeli Navy Opens Fire on Palestinian Fishermen Off Rafah
GMT 04:29 2016 Saturday ,25 June
A New Generation of Robots is Ready for the MarketGMT 12:31 2011 Saturday ,26 November
Google working on OnLive rival for Chrome OS
GMT 12:36 2017 Saturday ,26 August
Syrian regime forces bombarded areas in Hama with air raids
GMT 23:18 2017 Thursday ,06 April
Will US intervene militarily against Syrian gov't in retaliation to alleged chemical attack?
GMT 23:18 2017 Wednesday ,01 March
Dh4.2m lawsuit against George Wassouf thrown out
GMT 12:57 2018 Tuesday ,09 January
German industrial orders dip in November
GMT 07:18 2018 Sunday ,07 January
Palestinians mark Orthodox Christmas
GMT 02:09 2017 Sunday ,08 January
Downtown Dubai is a place to be on New Year’s Eve
GMT 06:32 2018 Wednesday ,03 January
A Weathered Penny appoints
GMT 10:14 2015 Tuesday ,11 August
Woman drowns in Dubai after father blocks rescueGMT 13:51 2013 Friday ,25 January
Billy Bragg to get BBC Folk AwardGMT 00:30 2012 Thursday ,27 September
Causes of snoring in pregnancy revealed
GMT 08:30 2016 Sunday ,10 April
War photographer and mother, the womanGMT 14:06 2012 Thursday ,26 July
Depression linked to artificial lightGMT 07:17 2013 Tuesday ,02 April
Canadian fighters in Algeria siege grew up togetherGMT 05:44 2011 Tuesday ,19 April
New hope for secretive rare animalGMT 18:53 2012 Tuesday ,27 November
Radio host suspended over anti-SemitismGMT 04:41 2012 Thursday ,07 June
Disney to ban junk-food ads on TV channels, websites
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor