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DME issued a public consultation to add Abu Dhabi Murban crude...

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, issued today a public consultation to add Abu Dhabi Murban...

DME Concludes Basrah Crude Oil Auction with $13.7 Million Premium

Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017,...

DME starts 2017 with new open interest record

All-time record confirms growing interest and confidence in the Oman Crude Oil Futures Contract among global energy market players Dubai Mercantile Exchange (DME), the premier...

2016 and 2017 Crude Oil Projections Lowered Further

The risk of a decline in global oil prices after the peak of the US driving season back in April was highlighted by the...

Recovery in Dubai crude price provides some relief to upstream producers...

Moody's Investors Service says the recovery in the price of Dubai crude will provide some support to upstream oil companies, which have seen their...

Shift of Middle East crude oil from US & European markets...

The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and...

Crude oil prices climb higher

In Thursday’s electronic trading session crude oil future prices climbed higher. This added a bit more to the previous session strong rally. Additional support...

Price of Dubai crude oil for July delivery set in parallel...

The Department of Oil Affairs has announced that official price of Dubai crude oil, which will be delivered next July will be equal to...

UAE is seeking to increase crude oil production

Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy stressed that the UAE is seeking to increase its production capacity to 3.5 million...

Lack of solid market drivers dims crude oil price forecasts

This year oil prices will eventually struggle on weaker market fundamentals. The average Brent prices are expected to hold at around $107 per barrel...

Dubai announces crude oil price for May 2013 delivery

The Department of Oil Affairs in the government of Dubai today announced that it had notified its customers that the official selling price (OSP)...

Crude Prices Decline as Demand Projections Differ

The beginning of the week starts with mixed oil prices in early Asian session. The US market will not open today due to the...

OPEC oil output falls in December: Platts survey

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...

Trading Sessions: Gold and Silver, Oil

Gold Gold is trading at 1769.45, keeping its steady position today, while traders try to interpret market movements and central bank policy. Today traders were...

Oil Prices & MENA Unrest

This week prices of crude oil reached its highest level for the past four months. That is due to the tense atmosphere in the...

Brent crude oil rose to around $114 per barrel

Deficit in North Sea supply makes oil prices to increase above $114 According to the forecasts North Sea supply deficit will ease when maintenance ends...

Oil Current Overview and Outlook

WTI prices increase by 2.6% to USD105.11 per barrel in the review period Increase in geo-political risk keep oil prices high OPEC production (ex Iraq) increases...

OPEC Oil Production climbs to 31.27 million barrels per day in...

Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed by 400,000 barrels per day (b/d) to 31.27 million b/d in...