- The Dubai Mercantile Exchange (DME) has launched a new trading platform that it says will enable market participants to trade multiple Arabian Gulf crude grades through the exchange, which lists the futures contract for medium sour Oman crude but just announced the launch of the Alternative Crude Ecosystem (ACE).
- The new platform will facilitate the trade of bilateral barrels of Dubai, Abu Dhabi's Murban and Upper Zakum, Iraqi Basrah Light and Basrah Heavy, Qatari Al Shaheen, and Oman crudes against DME Oman crude futures.
- Is DME trying to compete with the Murban futures? Will Arabian Gulf national oil companies shift to price at Murban futures if they succeed?
For further details see:
Is DME Trying To Compete With The Murban Futures?