News & Events

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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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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