(EnergyAsia, June 1, Friday) — The battlelines for crude oil pricing in the crucial Middle East market are being re-drawn with the launch of new contracts by rivals Dubai Mercantile Exchange Limited (DME) and the Atlanta-based InterContinental Exchange (ICE).The Dubai and Omani governments will replace the historical Platts-based system with the futures prices of the…
MARKETS: Dubai, Omani governments to use local exchange to price crude exports
Posted on May 31, 2007 by EnergyAsia