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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...

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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

Oil fell after OPEC+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer.

Oil prices slide on OPEC output call and surging India virus cases By Sharon Cho and Verity Ratcliffe on 4/5/2021 Saudi Aramco drilling crew (Bloomberg) --Oil fell after OPEC+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer. West Texas Intermediate and Brent both dropped as much as 2.4%, paring gains on Thursday, the last day of trading due to a holiday on Frid...

By Reuters Staff 1 Min Read SINGAPORE (Reuters) - The Dubai Mercantile Exchange launched a bilateral trading platform on Monday for companies to trade multiple Middle East crude grades priced against DME’s Oman crude futures. The seven grades are: Dubai, Upper Zakum and Murban from the United Arab Emirates, Basra Light and Basra Heavy from Iraq, Qatar’s al-Shaheen and Oman crude, it said in a statement. The platform, called the Alternative Crude Ecosystem (ACE), is aimed at widening the use...

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 ...

By Reuters Staff 1 Min Read FILE PHOTO: A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File Photo DUBAI (Reuters) - Abu Dhabi National Oil Co. set the official selling price of its Murban crude for March at $65.17/barrel, according to a statement from the United Arab Emirates-based state oil producer. Reporting by Maher Chmaytelli; Editing by Andrew Cawthorne

Abu Study studies refinery upgrade design proposals MEED    1 April 2021 (Last Updated April 1st, 2021 11:24) Adnoc Refining is evaluating technical bids from consultants for the front-end engineering and design (feed) work on a project to debottleneck and upgrade condensate refining trains at Ruwais Refinery East (RRE). Consultants submitted technical bids for the feed works on the Ruwais Refinery East project earlier in...