Middle East crude: Views from an exchange
Episode description
For the carbon-intensive energy sources being transitioned away from, commoditisation is far more advanced. But pricing and standards rarely stand still for long and the era of energy transition will challenge existing norms like never before.
Oil markets have long been at the vanguard of pricing evolution, and from time to time, we’ll delve into these markets to learn how they may evolve over the transition and ask if they can offer any lessons to those vying to replace them.
Producing and transporting nearly a quarter of the worlds crude oil, no discussion on fossil fuel or environmental policy is complete without a deep dive into understanding the workings of the Middle East crude market.
To help guide us through this terrain, David is joined by Russell Robertson, Chief Commercial Officer at the Dubai Mercantile Exchange (DME). Also on the episode, and joining David as co-host is Aabha Gandhi, Pricing Director at General Index.
This episode of The Price of Everything was introduced and presented by David Elward. It was produced by Andrew Wheeler at General Index, in collaboration with Sassy Clyde and Fraser Heanue of Janno Media.
If you’ve enjoyed this episode, or if you have any ideas and would like to be involved in future episodes, then please get in touch.
About DME
DME is the premier international energy futures and commodities exchange in the Middle East, home to the world’s third crude benchmark.
Launched in 2007, DME brings fair and transparent price discovery and efficient risk management to the East of Suez. The DME lists the Oman Crude Oil Futures contract (DME Oman) as its flagship contract, providing the most fair and transparent crude oil benchmarks for the region. DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices (OSPs) – historically established markers for Middle Eastern crude oil exports to Asia.