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Last updated on April 21, 2014 at 8:55 EDT

Latest Dubai Crude Stories

2013-12-03 08:23:15

DUBAI, UAE, December 3, 2013 /PRNewswire/ -- DME (Dubai Mercantile Exchange) today announced record average daily trading volumes ("ADV") of 7,450 lots in November 2013, equivalent to almost 7.5 million barrels of crude oil per day. November's total is 80% higher than November last year and is a 16% increase on last month. DME's previous record performance was 7,381 ADV, which was set in July 2013. Yearly ADVs have grown steadily since the DME was launched, leaping from...

2013-09-30 04:20:33

DUBAI, September 30, 2013 /PRNewswire/ -- DME (Dubai Mercantile Exchange) was named Energy Risk's 'Exchange of the Year' at the magazine's prestigious 2013 Asia awards. Hosted at the Grand Copthorne Waterfront Hotel in Singapore, the award recognizes the significant achievements of the DME over the past year. Since appointing a new leadership team in mid-2012, the DME has experienced a rapid growth in trading volumes, an increase in its membership base and an upsurge in...

2011-02-21 08:04:00

MOSCOW, Feb. 21, 2011 /PRNewswire/ -- Russia's Eastern Siberian Pacific Ocean (ESPO) crude oil, which first started serving Asian markets in December 2009, pushed further onto the global oil stage in early 2011 with the start of regular exports to China, according to a report released today by Platts, a leading global energy and metals information provider. A total of 1.318 million metric tons (mt) of ESPO, or the equivalent of 311,643 barrels per day (b/d), were delivered to China in...