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The EFS is a key measure of the relative strength of Brent-linked crudes versus Dubai-linked ones, and a wider EFS makes Brent-linked regional crude grades less economically attractive. … issued two tenders seeking a mix of sweet and sour crude grades loading in December and January.
Likewise, what is EFS in crude? An exchange of futures for swaps (EFS) is a transaction negotiated privately in which a futures contract for a physical item is exchanged for a cash settled swap contract. … An EFS gives the market participants a chance to liquidate a swap position in an environment that is normally not very liquid.
Subsequently, who is the owner of EFS? Tariq Chauhan – CEO & Founder of EFS Facilities Services.
Considering this, what is EFS spread? 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.
You asked, what is Dubai swap? The Dubai inter-month swap reflects the price differential between two swaps and allows traders to hedge their position from one month to the next. Dubai inter-month swaps are actively traded in London and Singapore, and are central to the determination of the forward Dubai price.
What is Brent Dubai Swap?
The Brent/Dubai exchange of futures for swaps contract or EFS is a measure of medium, high sulfur crudes’ discount to light, low sulfur ones. … This includes the rare flow of Dubai-linked cargoes of Far East Russian cargoes of ESPO blend crude to the US West Coast.
What is future swap?
Swap futures are futures contracts based on interest rate swaps. They are designed to give fixed-income market participants a new way to hedge spread risk, for example from mortgage-backed securities, corporate bonds and Agency debentures.
What is Platts Dubai?
The term ‘Platts Dubai’ refers to the physical price of Dubai crude oil loading through the month of assessment. … The Platts Dubai benchmark is also the pricing reference for cargoes of crude oil sold from Russia’s Far East ports to refiners across the Asia-Pacific region as well as the US West Coast.
What is Platts Crude oil Marketwire?
Platts Crude Oil Marketwire Detailed market information including crude oil price spreads, trade updates, industry officials’ commentary, future settlement prices, and much more.
What is Brent 1st Line future?
Description. A monthly cash settled future based on the ICE daily settlement price for Brent Futures.
What drives the Brent Dubai spread?
As long as China and the Asia-Pacific countries are the biggest buyers of Middle East oils, the economic structure and growth of China and the Asia-Pacific countries stand to be one of the major drivers of oil price relationship, particularly the Brent–Dubai spread.
What is an EFP trade?
The Exchange of Futures for Physical (EFP) is an alternative mechanism that is used to price physical crude oil. This enables participants to exchange their futures positions for a physical position thus separating the pricing from the physical supply.
Is fuel free in Dubai?
IS FUEL FREE? Fuel is free for all pay-per-minute and flexi vehicles. All vehicles have VIP/Smart tags. You can refuel the pay per minute cars in Dubai at ENOC and EPPCO gas stations.
Is petrol cheap in Dubai?
The current Petrol price in Dubai, Colonelganj is ₹ 95.13 per litre. … The highest Petrol price in Dubai, Colonelganj in 2022 was ₹ 106.81 per litre on 02 November 2021. The lowest Petrol price in Dubai, Colonelganj in 2022 was ₹ 83.44 per litre on 02 January 2021.
What is the cost of 1 litre petrol in Dubai?
Petrol and Fuel Prices in Dubai and UAE Today Retail petrol prices in Dubai and the UAE today are: E-Plus 91 2.46 AED, Special 95 2.53 AED, Super 98 2.65 AED, and Diesel 2.56 AED. Prices are quoted in AED (United Arab Emirates Dirham) for one litre of fuel.
What is Eris swap?
Eris Exchange was a U.S. futures exchange that offered listed interest rate swap futures, and also licensed its swap futures methodology to other exchanges. … The contracts combine the margin savings and regulatory certainty of futures with the flexibility of OTC Interest Rate Swaps.
