The Traderszone Network

Published in TZ Latest News 17 December, 2015 by The TZ Newswire Staff

Shell calls for tougher regulation of Dubai oil benchmark

“Regrettably, there have been times in recent months where the price of Dubai (crude) was assessed well in excess of the fundamental refining value of other comparable Middle Eastern crudes,” Shell said in a statement. The Dubai benchmark, which is assessed by oil pricing agency Platts, is comprised of the three grades of Middle Eastern crude.