The Platts Dubai benchmark is under severe strain as Hormuz disruptions halt exports, leaving it disconnected from physical oil flows and reducing available pricing grades. In a “perilous position,” the Platts Dubai benchmark used to price around 18 million barrels per day, nearly a fifth of global supply, is now severely strained by the halt in exports through the Strait of Hormuz. According to Reuters, with most cargo... [5992 chars]
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