Oil price benchmarks in international trade: the Dubai benchmark and its role in the international oil pricing system
<p>Dubai became the main price marker for the Gulf region by default in the mid 1980s, when it was one of the few Gulf crudes available for sale on the spot market. Also, until very recently, Dubai allowed oil companies to own equity in Dubai production – unlike other countries in the Gulf suc...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2012
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