Middle East Economic Survey
DMEs Leaver Marks Progress On Oman Crude Trading Expansion
Average daily trading volumes for the Oman Crude Oil Futures Contract on the Dubai Mercantile Exchange (DME) reached 3.3mn b/d in February and are expected to reach 3.5mn b/d in the near future, DME CEO Thomas M Leaver tells MEES. DME Oman is the largest physically delivered contract worldwide, he says. The liquidity of the contract is underpinned by growing volumes of...