This cash assessment represents the value of Upper Zakum crude - a medium, sour crude loading in Abu Dhabi, albeit offshore. It trades in the OTC market in partials. It 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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