Either Oman changes its pricing policy or the DME contract will fail”. Having both an official selling price (OSP) and futures market-related price undermines the The DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices (OSPs) - historically established markers for Middle 2 days ago Muscat, Mar 16 (ONA) --- Dubai Mercantile Exchange (DME) said that Oman oil price (May Delivery 2020) reached 31.38 US 29 Jan 2020 A spike in trading volumes in Dubai crude futures on the Dubai Mercantile " DME is a cost efficient venue in terms of fees and margin efficiencies against Platts compete with DME Oman in the Asian oil benchmark space. DME Oman crude oil futures contract is an official benchmark for five producers in the Middle East, all of whom use the exchange's marker price in their crude oil
DME Approves Direct Access USA as A New Clearing Member. Oman crude oil average $63.96 in 2019 – decade average $77.70. DME Oman to Price Kuwaiti Crude Oil from February 2020. IMO 2020 - Impact on Middle East crude benchmarks. DME Registers 21% Increase in Exchange Trading Volume and 172% in Forward Curve Trading DME Crude Oil Oman Prices The All Futures page lists all open contracts for the commodity you've selected. Intraday futures prices are delayed 10 minutes, per exchange rules, and are listed in CST. Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, today announced that Kuwait Petroleum Corporation (KPC) will use the DME Oman Futures contract as a price reference for Kuwaiti crude oil exports to Asia from 1 February 2020 onwards.
DME Oman is widely regarded as the most efficient and transparent price discovery and risk management tool for the regional sour crude oil market. Oman Blend crude oil is highly representative of the quality of the majority of Middle Eastern crudes and as such is an ideal price marker for the region’s oil exports. Platts Oman and DME Oman have decoupled more than 20 times since we introduced the Murban alternative delivery mechanism in 2016. And over the lifetime of the two benchmarks, Platts Oman and DME Oman have often been very different indeed. At the end of the day, it is up to market participants to decide which benchmark price best meets their needs. Saudi plans first change in Asia crude oil price formula in decades, to use DME Oman. be based on the average settlement prices for the DME December Oman contract and the December Dubai cash Launched by the Dubai Mercantile Exchange (DME) on 1 June 2007, the DME Oman Crude Oil Futures Contract (OQD) is the Asian crude oil pricing benchmark.The contract is traded on the CME Group’s electronic platform CME Globex, and cleared through CME Clearport. On Wednesday, Oman Sour crude briefly traded as high as $90.90 a barrel on the DME, a bizarre price spike for a crude blend that usually trades below Brent
Oman Blend crude oil is highly representative of the quality of the majority of Middle Eastern crudes and as such is an ideal price marker for the region’s oil exports. Raid Al-Salami, DME DME Oman is widely regarded as the most efficient and transparent price discovery and risk management tool for the regional sour crude oil market. Oman Blend crude oil is highly representative of the quality of the majority of Middle Eastern crudes and as such is an ideal price marker for the region’s oil exports. Platts Oman and DME Oman have decoupled more than 20 times since we introduced the Murban alternative delivery mechanism in 2016. And over the lifetime of the two benchmarks, Platts Oman and DME Oman have often been very different indeed. At the end of the day, it is up to market participants to decide which benchmark price best meets their needs.
A. A daily Oman Marker Price is published by the DME for the DME Oman Crude Oil Futures Contract (OQD) at 1630 Singapore time (1230 Dubai Time, 0230 CST or 0330 CDT), which is the current close of the Singapore cash market. This price is used in the monthly formula to calculate the official OSP for Oman Crude Oil term sales for that delivery month. 4 days Oman: Forget $80 Oil, Producers Should Get Used To $60 Oil. 4 days Harold Hamm: U.S. Oil Firms Adjust Production Growth To Demand. 5 days Venezuela Confident It Will Recover Oil Production By End-2019. 5 days Non-Compliant Iraq, Nigeria Vow To Fall In Line With OPEC Oil Quotas.