Dubai Crude
Dubai Crude
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Description:
Dubai Crude is a light sour crude oil extracted from Dubai. Dubai Crude is used as a price benchmark or oil marker because it is one of only a few Persian Gulf crude oils available immediately. The other two main oil markers are Brent Crude and West Texas Intermediate.
Dubai Crude is generally used for pricing Persian Gulf crude oil exports to Asia. The Dubai benchmark is also known as Fateh is used in the United Arab Emirates. Forward trade of Dubai Crude is limited to one or two months.
Dubai Crude is a light oil. It has a gravity of 31° API (specific gravity of 0.871) and a sulfur content of 2%/weight Supplement 3 (1997), Oil Trading Manual, Long, D. (Ed.), Cambridge: Woodhead Publishing Limited.
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Dubai Crude is generally used for pricing Persian Gulf crude oil exports to Asia. The Dubai benchmark is also known as Fateh is used in the United Arab Emirates. Forward trade of Dubai Crude is limited to one or two months.
Dubai Crude is a light oil. It has a gravity of 31° API (specific gravity of 0.871) and a sulfur content of 2%/weight Supplement 3 (1997), Oil Trading Manual, Long, D. (Ed.), Cambridge: Woodhead Publishing Limited.
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