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Wednesday, July 9, 2025 8:21 GMT
S&P Global Platts said on Tuesday it was proposing to change the pricing mechanism for United Arab Emirates' Murban crude in the Dubai oil benchmark from 2026 to better reflect market dynamics. The price-reporting agency said in a document on its website that it was proposing the Abu Dhabi grade could be priced above, below or at parity with Dubai and other medium-sour grades in the basket. Currently, a premium is applied to light-sour Murban to reflect its higher quality versus other...More