A. Dubai Mercantile Exchange (DME) was launched in June 2007 with the goal of bringing fair and transparent price discovery and efficient risk management to the East of Suez (Middle East and Asia Pacific), the world’s fastest-growing commodities market and already the largest crude oil supply and demand corridor in the world.
DME enjoys the backing of prominent regional and international stakeholders. DME is a joint venture between Dubai Holding, Oman Investment Fund and CME Group. In addition to its core shareholders, global financial institutions and energy trading firms such as Goldman Sachs, J.P. Morgan, Morgan Stanley, Shell, Vitol and Concord Energy have taken equity stakes in the DME, providing the exchange with a resounding vote of confidence by major players in global energy markets.
DME lists the Oman Crude Oil Futures Contract (DME Oman) as its flagship contract, providing the most fair and transparent crude oil benchmark for the East of Suez region. Today DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices – the historically established markers for Middle Eastern crude oil exports to Asia.
A. DME works closely with all market stakeholders, including its strategic partners, national oil companies, oil majors and leading international market makers, to grow DME's liquidity and build DME marketplace as the venue for price transparency in East of Suez crude oil markets.
The contracts listed on DME are:
|Sl No||DME Contracts||Code|
|1||DME Oman Crude Oil Futures Contract||OQD|
|2||DME Oman Crude Oil Financial Futures Contract||ZGD|
|3||DME Oman Crude Oil European Style Option Contract||OQE|
|4||Brent (Singapore Marker) vs. DME Oman Crude Oil Futures||BDS|
|5||Brent vs. Dubai (Platts) Crude Oil BALMO Futures||DHI|
|6||Brent vs. Dubai (Platts) Crude Oil Futures||DBI|
|7||DME Oman vs. Dubai (Platts) Crude Oil Futures||DDO|
|8||Dubai Crude Oil (Platts) Average Price Option||DAH|
|9||Dubai Crude Oil (Platts) BALMO Futures||DDI|
|10||Dubai Crude Oil (Platts) Futures||DCD|
|11||DME Oman Crude Oil BALMO Futures||DDB|
|12||DME Oman Crude Oil Calendar Futures||ODO|
|14||Singapore Jet Kerosene (Platts) vs. DME Oman Crude Oil Futures||DKR|
|15||Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Futures||DDE|
|16||DME Oman Crude Oil Average Price Option||DRD|
|21||Singapore Fuel Oil 180 cst (Platts) Futures||DUP|
|22||Singapore Fuel Oil 380 cst (Platts) Futures||DSE|
|23||Singapore Fuel Oil 180 cst vs. 380 cst (Platts) Futures||DSD|