Middle East Economic Survey

VOL. XLIX

No 4

23-January-2006

OIL PRICES

Dubais DME Says On Track To Deliver Sour Crude Oil Futures Contract In 4Q 2006

The Dubai Mercantile Exchange (DME) announced on 17 January that it expected to meet its launch target of 4Q 2006 for a Middle East sour crude futures contract. The DME aims to meet the growing market need for price discovery of Middle East Sour Crude Oil whilst simultaneously addressing the time zone gap between Europe and Asia by providing a hub for...