Prospects of the DME Oman Crude Oil Futures Contracts
In this comment, Bassam Fattouh re-assesses the prospects of DME’s Oman Crude Oil Futures Contract by focusing on three aspects: retroactive pricing, physical delivery and liquidity. He argues that in terms of providing better tools for risk management, enhancing price transparency and constituting the basis of a new benchmark, the DME’s contract has not made any significant breakthroughs and that so far the main success of the DME contract has been in providing a flexible way to access physical Oman crude oil.
Country and Regional Studies , Energy Economics , Finance , Oil , Oil & Middle East Programme
Brent , Deliverability , DME , Futures Contracts , Liquidity , Middle East , Oil Pricing Policy , Oman , Sour Crudes , The Gulf , WTI