DME trading volume surges 31% in H1 ’24

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, achieved remarkable increase in physical delivery, front-month trading volume, and total exchange volume in H1 2024, compared to the previous year.

It reported a 31 per cent increase in front-month trading volume, reaching 505 million barrels in the first half of 2024, up from 385 million barrels in the latter half of 2023.

The physical delivery volume also rose by 9 per cent to 113 million barrels, while the total exchange volume grew by 21 per cent to 680 million barrels.

Moreover, DME’s Oman Crude Oil Futures Contract now represents 36 per cent of Middle Eastern crude heading to the Asian market, a significant rise from 8 per cent in 2007.

Attribution: Emirates News Agency (WAM)