45.6 million barrels auctioned, generating $22.11 million in premiums

The Ministry of Energy and Minerals (MEM) in Oman sold a cargo of 2 million barrels of Oman crude via DME auctions platform. The barrel cargo of November-loading Oman crude was awarded at a premium of $0.21 per barrel over November 2023 OSP.

The DME Auction platform saw 14 participants with 16 active bids placed during the 2-minute period. The Oman OSP is calculated on a volume-weighted average of daily DME Oman Crude Oil (OQD) Marker Prices over the month.