DME Oman is one of the Middle East’s key crude oil benchmarks, and activity on the contract has accelerated strongly this year. Trading volumes and open interest on the contract have risen to their highest levels in five years over the first half of 2023, and DME officials are confident that their market outreach work means that further gains are on the way.

Raid al-Salami, Managing Director of the DME, says “The first half of 2023 has been exceptional for DME. Our unwavering dedication to transparency and customer service has driven our strong performance… We expect to build upon the same momentum and to continue to deliver value to our stakeholders.” (CONTINUED - 841 WORDS)