Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Oman crude oil price on DME averaged at $66.40/b for July 2021 delivery barrels

Dubai Mercantile Exchange reported its monthly trading volume in May 2021 at 92.65 million barrels of Oman crude oil for July 2021 delivery barrels, with an average daily volume of 4.63 million barrels. Delivery volume for July 2021 is 11.87 million barrels


DME Oman is a key component of crude oil pricing for Saudi Arabia, Kuwait, and Bahrain and accounts for 50% of their official selling price, while it solely reflects the price of Oman and Dubai crude oil.


The contract fairly represents the majority of crude oil produced in the region and exported to East of Suez market, and is today pricing around 170 million barrels per month.


Information Source: Read More ..–>


Submitted by: Mayssam Hamadeh | Head of Marketing, Dubai Mercantile Exchange

#FOLLOW US ON INSTAGRAM