What is Dubai Platts?
The term ‘Platts Dubai’ refers to the physical price of Dubai crude oil loading through the month of assessment. The Platts Dubai benchmark is also the pricing reference for cargoes of crude oil sold from Russia’s Far East ports to refiners across the Asia-Pacific region as well as the US West Coast.
What is price assessment?
Price assessment is the determination of the prevailing market price for a crude oil or refined product at a point in time. Price assessment is performed by a number of price assessment agencies.
What does S&P Platts do?
S&P Global Platts is the leading independent provider of information, benchmark prices and analytics for the energy and commodities markets. For over 100 years, we’ve brought clarity and transparency to the energy and commodities markets, enabling companies, governments and individuals to act with conviction.
How much does gas cost in Dubai?
United Arab Emirates Gasoline prices, 09-Aug-2021
| United Arab Emirates Gasoline prices | Liter | Gallon |
|---|---|---|
| AED | 2.470 | 9.350 |
| USD | 0.672 | 2.544 |
| EUR | 0.573 | 2.169 |
What is petrol price in Dubai?
Today based on current price of petrol in the UAE, the diesel price in the UAE is 2.450 AED/litre , almost the same as in July 2021….Fuel Price history:
| Fuel Type | Retail prices (AED/Litre) |
|---|---|
| Gas Oil / Diesel | 2.45 AED/Litre |
| Unleaded Gasoline 98 | 2.58 AED/Litre |
| Unleaded Gasoline 95 | 2.47 AED/Litre |
What is the current Platt price for D2 diesel?
This is given in US dollars per metric tons. For the US market, there is a Platt quote for new York harbor, and the Mexican Gulf, in US $ per gallons. Just for the fun of it, the oil companies assumes that there is 304 gallons per MT. The quantity traded is assumed to be 5000MT or a barge.
What does Platts Dubai mean in oil market?
The term ‘Platts Dubai’ refers to the physical price of Dubai crude oil loading through the month of assessment. Alternative crude’s Oman and Abu Dhabi’s Upper Zakum are also deliverable into the Platts Dubai contract, under a mechanism known as alternative delivery.
How is Platt quoted for D2 gasoil futures?
The Platt quotes are published by Wiley and is actually not the price of the commodity D2 Gasoil, but for the future option. Futures are traded for deliveries to be done and is used by the banks to split the profit or loss made on commodity traded on long term contracts.
What’s the difference between Platts Oman and Dubai?
Platts Oman reflects the assessment of Oman crude oil. Both Platts Dubai and Platts Oman are assessed on a Market on Close assessment process basis. Platts began assessing price of Dubai crude oil in the early 1980’s as a single grade.