Middle East physical crude premium (Oman vs Dubai) plunges to near zero from over $30 in mid-September

The physical premium in the Middle East market (Oman vs Dubai) plunged today to almost zero, from over $30 a barrel in mid-September, signalling a wave of supply even as flat oil benchmark prices did not crash, according to Javier Blas.

Detected & updated continuously · Source: Nebula