DME Oman crude up over 100% since historic production cuts implemented – Times of Oman

DME Oman crude up over 100% since historic production cuts implemented – Times of Oman

DME Oman crude up over 100% since historic production cuts implemented. Dubai: Oman crude oil benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other major producers were implemented in time for May loading schedules.. The DME is regulated by the Dubai Financial Services Authority and all trades executed on the DME are cleared through and guaranteed by CME Clearing.DME is a joint venture between Dubai Holding, Oman Investment Fund and CME Group..