News & Events

DME AUCTIONS: NOVEMBER 2019 OMAN CARGO SOLD AT OSP +$0.18
01 Sep 2019
Dubai, UAE – 01 September 2019: Oman’s Ministry of Oil and Gas (MOG) sold a cargo of Oman blend crude via DME Auctions, achieving a strong premium above the Official…
Read more
DME AUCTIONS: October Oman Cargo Sold at OSP +$0.20
31 Jul 2019
Dubai, UAE – 31 July 2019: Oman’s Ministry of Oil and Gas (MOG) sold a cargo of Oman blend crude via DME Auctions on Wednesday, achieving a strong premium above…
Read more
DME records strong growth in forward trading; record number of participants
30 Jul 2019
DME records strong growth in forward trading; record number of participants   ·         Average Daily Volume (ADV) in forward curve up 45% during Q2 versus Q1  ·         Record number of…
Read more
DME sees 160% growth in forward trading
05 Mar 2019
Increased activity in forward months reflects a sharp increase in commercial hedging of the DME Oman benchmark Dubai, UAE – 04 March 2019: Dubai Mercantile Exchange (DME), the premier international…
Read more
DME Welcomes Bahrain’s Crude Oil Pricing Switch
28 Oct 2018
Dubai, UAE – 28 October 2018: Dubai Mercantile Exchange (DME) welcomed the latest Middle East oil producer to switch its crude oil pricing formula to include the DME Oman benchmark.…
Read more
LATEST SOMO CRUDE AUCTIONS FETCH PREMIUMS OF +$0.11 AND +$0.18 ABOVE OSP: DME AUCTIONS
24 Oct 2018
Iraq’s National Oil Company SOMO Wednesday sold two more cargoes of Basrah crude oil via DME Auctions, again achieving premiums above the SOMO Official Selling Price (OSP) for November. The…
Read more
Dubai Mercantile Exchange signs MoU with BSE to explore cooperation on India’s commodity derivatives market
23 Oct 2018
Dubai, UAE, x October, 2018 – Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has signed a memorandum of understanding (MoU) with…
Read more
NOVEMBER  BASRAH LIGHT CARGO SOLD AT OSP +$0.20: DME AUCTIONS
22 Oct 2018
Iraq’s National Oil Company SOMO Monday sold a 2-million barrel cargo of Basrah Light via DME Auctions, achieving a premium of $0.20 per barrel over the November Basrah Light Official…
Read more