| 来源类型 | Energy Comments
|
| 规范类型 | 评论
|
| What Next for Asian Benchmarks? – A Footnote |
| Adi Imsirovic
|
| 发表日期 | 2018-11-02
|
| 出版年 | 2018
|
| 页码 | 1
|
| 语种 | 英语
|
| 概述 | Since October 2018 Saudi Aramco has used the DME Oman daily settlement price in its pricing formula for Asian customers. The DME Oman futures contract settles daily, based on a weighted average of trades between 16.25 and 16.30 Singapore time (often referred to as a ‘window’). In line with the usual timing of Asian oil […] |
| 摘要 | Since October 2018 Saudi Aramco has used the DME Oman daily settlement price in its pricing formula for Asian customers. The DME Oman futures contract settles daily, based on a weighted average of trades between 16.25 and 16.30 Singapore time (often referred to as a ‘window’). In line with the usual timing of Asian oil purchases, this contract trades two months before the actual month of loading. Therefore, during November 2018, for example, the front month contract is January 2019. The Oman official selling price (OSP) is set using the monthly average of the DME Oman daily settlements. Physical Oman is generally traded on the basis of this OSP. On most days the DME Oman settlement is based on a relatively large volume of trades. However, this volume tends to fall rapidly as the last day of trading approaches. In March 2016 DME introduced a new methodology designed to boost liquidity on the last day of the contract (‘on expiry’). Nevertheless, as the price spike at the end of September 2018 shows, the problem persists. While this was an extreme event, it still needs to be addressed. The most likely solution, as presented here, is the introduction of an alternative delivery mechanism.
|
| 主题 | Oil
; Oil & Middle East Programme
|
| 关键词 | DME Oman
Liquidity
Official Selling Price
Platts Dubai
Saudi Aramco
|
| URL | https://www.oxfordenergy.org/publications/next-asian-benchmarks-footnote/
|
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312598
|
推荐引用方式
GB/T 7714 |
Adi Imsirovic. What Next for Asian Benchmarks? – A Footnote. 2018.
|
|
文件名：
|
What-Next-for-Asian-Benchmarks-A-Footnote.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
