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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.

Frequently asked

What does EFS (Brent-Dubai) mean in oil and commodity trading?
Exchange of Futures for Swaps — the Brent minus Dubai spread.
How do I check a counterparty that uses EFS (Brent-Dubai) in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

See also

brentdubaiarbitrage

Seen this term in a live pitch?

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