About DME
DME is the premier international energy futures and commodities exchange in the Middle East. Dubai Mercantile Exchange Limited (DME) is the premier energy-focused commodities exchange in the East of Suez and home to the world's third crude benchmark.   DME was launched in June 2007 with the goal of bringing fair and transparent price discovery and efficient risk management to…
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Latest News
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…
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…
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…
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…
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…
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”…
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…
Second DME Basrah Light crude oil auction awarded at OSP +37 cents
31 May 2017
The Dubai Mercantile Exchange hosted the second Basrah Light crude oil auction on Wednesday. Almost 50 bids were received from 15 participating…
SOMO to sell a second Basrah Light cargo on DME auction platform
23 May 2017
2 million barrels to be auctioned on 31st May for July delivery   Dubai Mercantile Exchange (DME) announced today that SOMO is set to sell…
SOMO sells 2 million barrels of Basrah Light crude oil on DME Auctions platform
30 Apr 2017
Dubai Mercantile Exchange (DME) announced that Iraq’s national oil company SOMO has successfully sold 2 million barrels of June 2017 loading…