Middle East Economic Survey

VOL. LII

No 23

8-Jun-2009

DME Oman Well Placed For East Of Suez Benchmark

The Dubai Mercantile Exchange (DME) has said the DME Oman Crude Oil Futures contract is well placed to become the primary benchmark for East of Suez crude markets. Marking the second anniversary of the launch of DME Oman, the exchange said in a recent newsletter that the DME average daily volume has significantly increased since the start of 2009, driven by more diverse participation and backed...