MUSCAT, Sept. 4 -- Dubai Mercantile Exchange (DME), a leading international energy futures and commodities exchange in the Middle East, announced Tuesday the launch of eight new oil listings, following completion of the regulatory review.
Among the new products offered by DME is the Oman Crude Oil/Platts Dubai Crude Oil Futures contract, which helps customers match their hedging exposure for crude from Saudi Arabia, the world's largest exporter of crude oil.
Saudi Aramco recently announced it is changing the way for calculating its Official Selling Price from Oct.1, 2018.
"The new listings are the next step in the natural evolution of the DME and exchange-traded products across the Asian markets, helping customers to hedge physical pricing exposure on both crude oil and refined products," said DME chairman Ahmad Sharaf.
