Dubai to use DME for crude oil pricing

Dubai joins Oman in using DME settlement prices for its crude oil pricing. Together, Dubai and Oman crude represents the current foundation for pricing the majority of the Middle East’s crude oil sales to the Far East.

The DME hopes that producer support of its Middle East sour crude oil benchmark will ensure that customers have access to an improved risk management tool and that producing nations can recognise fair market value for their crude oil.

The exchange will launch its Oman crude

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: