The price of Oman Crude Oil Financial Contract, DME Oman, for July delivery, closed at US$45.66 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time.
DME Oman crude oil is a benchmark for pricing crude oil by the countries that produce it, and it gives them a differential price that reflects the quality of the product.
The Dubai Mercantile Exchange Limited, DME, is the premier energy-focused commodities exchange East of Suez, and home to the world's third crude benchmark. It is a joint venture between Dubai Holding, Oman Investment Fund and CME Group.
A number of global financial institutions and energy trading firms have equity stakes in the DME, providing the exchange with a resounding vote of confidence by major players in global energy markets.
Source :WAM
GMT 15:57 2017 Monday ,25 December
Oman produces 28 million barrels of crude oil last monthGMT 14:38 2017 Wednesday ,20 December
Oman’s oil production touches 29m barrelsGMT 21:57 2017 Thursday ,30 November
Petroleum Development Oman eyes renewables at ADIPECGMT 07:20 2017 Sunday ,12 November
Tethys Oil to develop block 49, ministry to sign three more agreements on November 14GMT 08:38 2017 Thursday ,01 June
Fuel price patrols by consumer champion in OmanMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor