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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.
News Item details
Journal title: Petroleum Review
Subjects: Economics, business and commerce, Energy consumption, Crude oil, Oil production
