Middle East Economic Survey

VOL. LIII

No 9

01-March-2010

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...