Middle East Economic Survey


No 38


DME Maintains Momentum On Way To Third Benchmark Status

The Dubai Mercantile Exchange (DME) continues to make progress inside and outside the MENA region towards establishing the DME Oman Crude Oil Futures Contract (DME Oman) as the pricing benchmark for crude oil sold in the East of Suez markets. DME Oman daily traded volumes have grown by 130% since 2008, and are now typically around 3mn b/d 3,000 contracts of 1,000 barrels every day ...