This cash assessment represents the forward value of the basket of Basra light crude. It represents physical delivery. The assessment rolls monthly on the 1st of each month. So, on 31 May, M+2 represents July loading. On 1 June M+2 represents August loading.
Currency and unit of measure: $/b
Quantity: 50,000 bl min
Time of assessment: 16:30:00 Asia/Singapore
Publishing frequency: Daily
Spec: Dubai grades
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