Page 5 - Basrah Light News Today

Dubai's DME introduces new platform to trade multiple crude grades

DME launches platform to trade multiple crude grades DUBAI, 5 hours, 29 minutes ago Dubai Mercantile Exchange (DME), an international energy futures and commodities exchange in the Middle East, has launched Alternative Crude Ecosystem (ACE) - a bilateral trading platform to trade multiple crude grades through the exchange. DME, which is based in Dubai International Financial Centre (DIFC), the region’s leading global financial centre, will make the platform available for all participants a...

The Alternative Crude Ecosystem "is a unique platform where it combines Futures and OTC in one transparent window for the very first time, offering all participants opportunities to optimise their trading activities and manage their exposure across multiple crude grades," said DME managing director Raid Al Salami. The DME Oman crude grade, which is based on a medium gravity, high sulphur crude is used by several regional players, including Saudi Aramco. Middle Eastern players are playing a grea...

Dubai — The Dubai Mercantile Exchange, which lists the Oman crude futures contract, has launched a new platform that allows the trading of several Middle East crude grades in a bid to attract more participants -- nearly a month after the UAE began trading flagship Murban crude futures on a new exchange. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now DME has launched Alternative Crude Ecosystem, or ACE, "a new bilater...

DME introduces Alternative Crude Ecosystem 05 Apr 2021 Picture used for illustrative purpose. Dubai Mercantile Exchange (DME), on Monday announced the launch of Alternative Crude Ecosystem (ACE) - a new bilateral trading platform to enable participants to trade multiple crude grades through the exchange. DME, which is based in Dubai International Financial Centre (DIFC), will make the platform available for all participants and will offer traders the opportunity to ...

DUBAI: The Dubai Mercantile Exchange launched a bilateral platform to trade multiple Middle East oil grades priced against DME’s Oman crude futures. It offer traders the opportunity to trade bilateral barrels of Dubai, Upper Zakum, Murban, Basrah Light, Basrah Heavy, Al Shaheen and Oman versus the DME Oman Sour Crude Benchmark futures, the exchange said in a statement on

DME launches Mideast crude trading platform issacjohn@khaleejtimes.com Filed on April 5, 2021 The new service offered by DME will shed the light on the growing importance and the status of DME Oman as a strong and reliable Benchmark for the Middle East, representing consistent fair value for Sour Crude barrels to the East of Suez. — Supplied photo The Alternative Crude Ecosystem (ACE) is a bilateral trading platform that enables participants to trade multiple crude grades through ...

Source: author, based on Thomson Reuters data. Today Europe’s share is half of what it was 3-4 years ago in absolute terms. Asia’s share, however, has risen in both absolute and relative terms. We have already touched upon the relative numbers, but the absolute volumes are just as indicative - Asia’s rise in importance for Iraq happened against the background of average annual exports dropping from 3.43mbpd in 2018 to 2.94mbpd in 2020. Iraqi exports to Asia (including Kirkuk) have average...

On the heels of Bidens big blowout, the dollar is tumbling...(biggest 3-day slump since the election/vaccines in early Nov)... Source: Bloomberg And bitcoin surged back up near $58,000, erasing the losses from its record highs in mid-Feb... Source: Bloomberg Did Washington just cut the rope from reality? On Thursday Chinas parliament approved a resolution to impose sweeping changes on Hong Kongs electoral system which is ultimately aimed to ensure that mainland loyalists are in firm control o...

REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific After two refineries in Australia have announced plans to close, Ampol, formally known as Caltex Australia, said it will complete the comprehensive review of its Lytton refinery by the end of H1 2021, which would provide an indication on the refinery’s future. The company has said previously that “the review will consider all options for the facility’s operations and for the connected supply chains and markets it serves.” Meanw...