43.6 million barrels auctioned, generating $21.69 million in premiums

The Ministry of Energy and Minerals (MEM) in Oman sold a cargo of 1 million barrels of Oman crude via DME auctions platform. The barrel cargo of June-loading Oman crude was awarded at a premium of $3.69 per barrel over the June OSP.

The DME Auction platform saw 17 participants with 31 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.