DME reaches 10mn contracts milestone

The Dubai Mercantile Exchange (DME) crossed the 10mn contracts mark on 12 May, with a total of 10bn barrels of Omani crude oil traded on the Exchange since its inception. The milestone comes after DME registered a 11% increase in trading volumes in 1Q2016, while setting a new record for physical delivery. DME delivered 27,342,000 barrels in March 2016, maintaining DME Oman’s position as the energy futures contract with the largest physical delivery in the world.