Middle East Economic Survey

VOL. L

No 11

12-Mar-2007

OMAN/OIL PRICES

Middle East Crude Players Take Wait And See Approach To DME Oman Crude Trading

Middle East crude oil producers and consumers will be watching carefully as the Dubai Mercantile Exchange (DME) begins trading its Oman Crude Oil Futures contract on 1 May. A number of major Gulf producers base their contract prices to Asia on Oman/Dubai spot values, and while the consensus is that there will be little perceptible change at first, David...