Emirati RAW RAW Witnesses Standard Trading to "OPEC+" Production

The most important Emirati oil -RU trading activity this month has increased to the highest level ever in the light of the “OPEC+” production coalition. The total number of existing contracts for ‘Marbban’ futures at different delivery dates at the “Abu Dhabi Intercontinental Futures Contracts” increased to 81 thousand contracts earlier this month, which is the highest level since the launch of the contracts in March 2021, according to the stock exchange data. The “OPEC+” production coalition is rapidly increasing this year by increasing the production at the level of members, even at the expense of the decline in oil prices, which has not become the lowest level in four years. Since the beginning of the month, ‘Marban’ RAW has been delivered for three two -two costs by a major price window for the Middle East managed by the ‘S&M Global Commodities Insights’ compared to about half of the 32 consignments in April. Mirban RAW in his position as a standard indicator, Richard Jones, Energy Aspects, said: “The abundance of light raw materials led to record levels of the collection of (two educators), which indicates the offers into one consignment. “East, but it is relatively low -acid (acid) rough crude oil, as opposed to most other materials in the region. That” RU (Marban) continues to become one of the most important reference indicators for oil prices worldwide “, and that its price is compared to the price of Brent, US oil contracts and Dubai -roughly” in the light of the market.