The Dubai Mercantile Exchange (DME) is a commodity exchange based in Dubai currently listing its flagship futures contract, DME Oman Crude Oil Futures Contract (OQD). The acquisition of NYMEX by the CME Group greatly impacted the DME. Until the DME migration to the electronic trading platform CME Globex in 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, DME lists the Oman Crude Oil futures contract (DME Oman) as its flagship contract, providing the fairest and most transparent crude oil benchmark for the region. DME Oman Crude Oil Futures Contract Summary (OQD). Trading Unit. 1,000 U.S. barrels Trading Symbol on Globex. OQD (referred as OQ on CME Clearing) Q. How does the matching of participants in the physical delivery process take place? A. All delivery matching is undertaken by CME Clearing, based on
Q. How does the matching of participants in the physical delivery process take place? A. All delivery matching is undertaken by CME Clearing, based on Jan 10, 2018 CME Group – NYMEX Crude Oil Futures (February 2018) ICE WTI Light Sweet Crude; Dubai Mercantile Exchange (DME) – Oman Crude Oil;
Oct 10, 2019 State producer plans new crude futures contract next year. Murban may become benchmark for Middle East oil sold in Asia. Processing tanks Built on the heritage of CME, CBOT, NYMEX, COMEX and KCBT, CME Group markets bring together commercial producers Oman Crude Oil (Futures). OQD. Jul 3, 2013 The DME just came off a record trading volume this past month, giving optimism to establish the Oman crude oil futures contract. While the Jun 2, 2017 Dubai Mercantile Exchange holds second Basrah Light crude oil auction DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil between Dubai Holding, Oman Investment Fund and CME Group.
The DME lists the Oman Crude Oil Futures Contract (DME Oman) as its (the DME is a fully electronic exchange, and its contracts are listed on CME Globex). Feb 22, 2012 The DME's flagship market is in Oman sour crude-oil futures, linked to Middle Eastern crude-oil output that is heavier and contains more sulfur Aug 1, 2019 The exchange lists the Oman Crude Oil futures contract, an effort to In February 2012, the CME and Oman Investment Fund said that they Final Payment Date. Two Clearing House Business Days following the Last Trading Day. Business Days. Publication days for Platts Crude Oil Marketwire. Can NASDAQ, SGX & SHFE Compete with CME & ICE in Energy Markets?? Oman, Qatar Marine, Basrah Light, Upper Zakum, Masila and Shengli crude oils, Again, while this appears to be a well-intended contract, as of today crude oil Oct 16, 2017 overall net reduction for crude oil (WTI +Brent) of -28'600 contracts, the In the CME WTI contract, the Managed Money category of large speculators did nothing on the long side DME Oman Crude Oil Futures n/a n/a. The Exchange has developed and trades the DME Oman Crude Oil Futures The DME is a fully electronic exchange, and its contracts are listed on CME
OpenMarkets, produced by CME Group, is designed to keep you informed on the stories and trends that impact markets today and in the future.We present feature stories from seasoned financial journalists, analysis from influential traders, ideas from leaders in business, politics and media, and insight on the markets from CME Group experts. Introduced with the launch of DME, DME Oman Crude Oil futures contract (OQD) is the world’s third crude oil benchmark. It is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices (OSPs), the historically established markers for Middle Eastern crude oil exports to Asia. 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. Shipping Sanctions Cause Havoc for Oil Markets.