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Pricing & benchmarksefs

EFS (Brent-Dubai)

Exchange of Futures for Swaps — the Brent minus Dubai spread.

The EFS (Exchange of Futures for Swaps) spread is the arbitrage-relevant difference between Brent and Dubai. A wider EFS means Atlantic basin crude is more expensive than Middle East crude — often an arb signal for moving cargoes east.

Related: Brent, Dubai, Arbitrage.

See also

brentdubaiarbitrage

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