Brent crude’s premium over Dubai benchmark settled at $1.97 per barrel, its highest level since July, according to LSEG data. The widening spread reflects stronger demand for Brent-linked grades amid tightening supplies, while Dubai crude remains pressured by steady Middle Eastern output and softer regional demand.
Global oil markets witnessed a notable shift as Brent crude’s premium to Dubai rose to $1.97 per barrel, marking its highest settlement since July. The spread between the two benchmarks is closely watched by traders and refiners as it influences crude flows, pricing strategies, and regional demand dynamics.
Key highlights from the announcement include
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Brent’s premium to Dubai settled at $1.97 per barrel, the highest since July.
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The widening spread signals stronger demand for Brent-linked grades in Europe and Asia.
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Dubai crude prices remain under pressure due to steady Middle Eastern supply.
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The premium impacts arbitrage flows, making Brent-linked cargoes relatively costlier for Asian refiners.
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Market analysts note that geopolitical risks and supply adjustments are influencing benchmark spreads.
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The rise in Brent’s premium underscores global demand resilience despite economic uncertainties.
The Brent-Dubai spread is a critical indicator for global oil trade, shaping refinery economics and regional import strategies. With Brent gaining strength, refiners in Asia may face higher costs, while Middle Eastern producers continue to rely on Dubai-linked pricing to maintain competitiveness.
Sources: LSEG Data, Reuters, Economic Times