Dubai partners with Oman to launch crude oil futures



The Middle East will have its own official sour crude oil benchmark by the end of the year, following a joint effort by the Sultanate of Oman's Ministry of Oil and Gas (MOG) and the Dubai Mercantile Exchange (DME). The two institutions have developed Middle East sour crude oil futures contracts and plan to launch them in the fourth quarter of 2006.

This is the culmination of a memorandum of understanding (MOU) signed in February, under which a working group was set up to look into developing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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 individual account here