News & Events

21.6 million Crude oil barrels auctioned on DME, with $13.7 million of premium generated
20 Sep 2017
The exchange concluded its latest Basrah Light auction on 20 September 2017   Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its…
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November Basrah Heavy Cargo sold at OSP +$1.28 on DME Auctions
19 Sep 2017
Dubai Mercantile Exchange hosted its latest auction on Tuesday, on behalf of Iraq’s National Oil Company, SOMO. The 2-million barrel cargo of Basrah Heavy was awarded at a premium of…
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November Oman CARGO sold at OSP +$0.09: DME AUCTIONS
05 Sep 2017
Dubai Mercantile Exchange hosted its latest auction on Tuesday, on behalf of Oman’s Ministry of Oil and Gas (MOG)  The 1-million barrel cargo of November-loading Oman Blend crude was awarded…
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OCTOBER BASRAH LIGHT CARGO SOLD AT OSP +$0.17: DME AUCTIONS
28 Aug 2017
Dubai Mercantile Exchange hosted its latest auction on Monday 28 August 2017, on behalf of Iraq’s National Oil Company, SOMO. The 2-million barrel cargo of Basrah Light was awarded at…
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OCTOBER BASRAH HEAVY CARGO SOLD AT OSP +$1.63: DME AUCTIONS
23 Aug 2017
Dubai Mercantile Exchange hosted its latest auction on Wednesday, on behalf of Iraq’s National Oil Company, SOMO. The 2-million barrel cargo of Basrah Heavy was awarded at a premium of $1.63 per…
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SEPTEMBER BASRAH HEAVY CARGO SOLD AT OSP +$1.37 ON DME AUCTIONS
26 Jul 2017
Dubai Mercantile Exchange hosted its latest auction on Wednesday, on behalf of Iraq’s National Oil Company, SOMO.   The 2-million barrel cargo of Basrah Heavy was awarded at a premium…
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PETCO sells its first Kimanis Light sweet crude oil cargo on DME Auctions platform
12 Jul 2017
Dubai Mercantile Exchange (DME) announced that PETCO has successfully sold 600,000 barrels of Kimanis Light Sweet crude on the “DME Auctions” platform.  PETCO is now the first non-Middle Eastern producer…
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DME AUCTIONS 4 MILLION BLS OF IRAQI CRUDE FOR SOMO
21 Jun 2017
Dubai Mercantile Exchange hosted its latest Auctions on Wednesday, on behalf of Iraq’s National Oil Company, SOMO. This included the first cargo of Basrah Heavy crude sold via DME Auctions.…
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