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Page 2 - July Dubai News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brent/Dubai EFS spread above $3/b; Middle East tender activity begins

Singapore The front-month Brent/Dubai Exchange of Futures for Swaps, or EFS, spread narrowed in midmorning Asia trading April 13 but was still above the $3/b mark as tender activity in the Middle East crude oil market commences for June-loading barrels. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The June Brent/Dubai EFS was pegged at $3.07/b at 11 am Singapore time (0300 GMT) on April 13, narrowing 11 cents/b from the Asian close on April 12, S&P Global Platts data showed. The Brent/Dubai EFS is a key indicator of the spread between light, sweet and heavy, sour crudes, and a narrower EFS makes crude priced against Dubai less economically attractive for Asian refiners compared with Brent-linked ones.

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