News & Events

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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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 companies and the 2 million barrel cargo was…
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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 a second Basrah Light cargo…
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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 crude on the “DME Auctions” platform. The auction attracted…
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DME sets new record for physical delivery volumes
06 Feb 2017
36.8 million barrels will be delivered through the Exchange in March 2017   Continuing its strong start to 2017, the Dubai Mercantile Exchange (DME), the premier international energy futures and…
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DME starts 2017 with new open interest record
01 Feb 2017
All-time record confirms growing interest and confidence in the Oman Crude Oil Futures Contract among global energy market players Dubai, February 1, 2017 - Dubai Mercantile Exchange (DME), the premier…
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