Tuesday, December 31, 2019: Oman crude oil trading on the Dubai Mercantile Exchange averaged $63.96 per barrel in 2019, a fall of around $6/b, or close to 9%, compared to…
DME Oman to Price Kuwaiti Crude Oil from February 2020
The move reinforces DME’s position as a key benchmark for Gulf crude oil
Dubai, UAE – 25 December…
This coming January sees the implementation of International Marine Organization (IMO) 2020, mandating the shipping industry to switch to the cleaner 0.5%-sulfur bunker fuel and ditch the current 3.5%-sulfur grade.…
Dubai, UAE – 12 November 2019: Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, today announced a 21% increase year-on-year in exchange trading activities,…
Global oil markets were rocked by a second shockwave in as many months during October – this time sanctions against Chinese tanker firms and in particular COSCO Shipping Tanker (Dalian)…
41.6 Million barrels of spot cargoes sold at DME Auctions till date generating $17.8 million in premiums
Dubai, UAE – 21 October 2019: Oman’s Ministry of Oil and Gas (MOG)…
The September 14 attacks on Saudi Arabian key oil processing facilities sent shockwaves through global oil pricing in what was one of the most volatile periods ever recorded, as markets…
Dubai, UAE – 8 September 2019: Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, today announced the approval of Macquarie Futures USA…
