Oil & Gas
DME Oman crude up over 100% since production cuts implemented

Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other major producers were implemented in time for May loading schedules.
Front-month July DME Oman Marker Price on Friday was $34.95/b, up $18.13/b from the record low of $16.82/b on April 28 – an increase of 108%.
The Marker Price is used by Middle East producers, which include Saudi Arabia, Kuwait, Bahrain, Oman and Dubai in calculating the Official Selling Price (OSP).
Middle East prices have also risen faster than those in Europe, with DME Oman trading at nearly $3/b over the Brent North Sea benchmark on Friday.
-
News2 months ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
OER Magazines4 weeks ago
Dossier – ToP 25 Personalities 2025
-
Dossier4 weeks ago
Arabic Dossier – ToP 25 Personalities 2025
-
Banking & Finance2 months ago
Strong Performance and Strategic Approach: ahlibank announces Its Financial Results for the First Half of 2025
-
Economy2 months ago
Najla Zuhair Al Jamali Appointed President of bp Oman
-
News1 month ago
Ooredoo Wins Silver Stevie® Award for Diversity and Inclusion Excellence
-
News1 month ago
xAI Open-Sources Grok 2.5, Signaling Accelerated AI Push
-
Alamaliktistaad Magazines4 weeks ago
Al-iktisaad, August 25