Royal Decree approves amended regulation for oil derivatives pricing

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Home Jordan News Royal Decree approves amended regulation for oil derivatives pricing 29-12-2022 09:12 AM Ammon News - A Royal Decree was issued on Wednesday, approving an amended regulation for the pricing of oil derivatives, the licensee’s commission and its tariff for 2022, which was approved by the Cabinet on December 22, 2022. Under the amended regulation, Arab Gulf markets were added to the markets of Singapore and the Mediterranean to import oil derivatives to provide marketing flexibility to importing companies in order to obtain the lowest prices, according to the S&P Global Commodity Insights, Platts, a provider of energy and commodities information and a source of benchmark price assessments in the physical commodity markets. The S&P Global Commodity Insights used to depend only on Singapore and Mediterranean markets before amending the regulation.

Home Jordan News

Royal Decree approves amended regulation for oil derivatives pricing

29-12-2022 09:12 AM

Ammon News - A Royal Decree was issued on Wednesday, approving an amended regulation for the pricing of oil derivatives, the licensee’s commission and its tariff for 2022, which was approved by the Cabinet on December 22, 2022.

Under the amended regulation, Arab Gulf markets were added to the markets of Singapore and the Mediterranean to import oil derivatives to provide marketing flexibility to importing companies in order to obtain the lowest prices, according to the S&P Global Commodity Insights, Platts, a provider of energy and commodities information and a source of benchmark price assessments in the physical commodity markets.

The S&P Global Commodity Insights used to depend only on Singapore and Mediterranean markets before amending the regulation.

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