Middle East Economic Survey

VOL. L

No 36

17-September-2007

OPEC/OMAN

DME Completes Delivery Of 4Mn Barrels Of Oman Crude Under August Contract

The Dubai Mercantile Exchange (DME) announced on 10 September the delivery of 4mn barrels of Oman crude oil under its August futures contract, equivalent to 4,000 contracts. The crude was lifted at Omans Mina Al Fahal terminal. Traders view liquidity as the key to the survival of DME Oman and its rival ICE Dubai contract (MEES, 3 September). We believe that...