DME Listed New Middle East Oil Contracts

DME Listed New Middle East Oil Contracts

The Dubai Mercantile Exchange (DME), the international energy futures and commodities exchange in the Middle East, announced two new fuel oil contracts to hedge the price differentials between Middle East fuel oil and Singapore fuel oil, Reuters reported

The contracts are both available for immediate trading. They are listed on DME as “Singapore vs. Middle East Fuel Oil 180 cst Spread Futures” (Code DSM) and “Singapore vs. Middle East Fuel Oil 380 cst Spread Futures” (Code DSI), according to Ship and Bunker.

The listings add a further tool for traders to hedge fuel oil in the Middle East region against Singapore fuel oil markets. Middle East fuel oil can also be hedged against the DME’s flagship Oman crude oil contract, with generous margin offsets available.

The Dubai Mercantile Exchange Limited (DME) is the premier energy-focused commodities exchange in the East of Suez and home to the world’s third crude benchmark. According to DME’s website, the organization was launched in June 2007 with the goal of bringing fair and transparent price discovery and efficient risk management to the East of Suez. It lists the Oman Crude Oil Futures Contract (DME Oman) as its flagship contract, providing the most fair and transparent crude oil benchmark for the region. The DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices (OSPs).


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