Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- DME records 20 percent growth in 2016 delivering over 260,000,000 barrels  Join our daily free Newsletter

MENAFN - Emirates News Agency (WAM) - 11/01/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - Emirates News Agency (WAM))

DUBAI, 11th January, 2017 (WAM) -- The Dubai Mercantile Exchange, DME, has announced a 20 percent increase year-on-year in physical delivery volumes during 2016, reinforcing its increasingly influential role in the global energy trading marketplace.

DME registered the highest physical delivery in the history of the exchange in 2016, shipping a total of 260,688,000 barrels during the year compared to 216,163,000 barrels in 2015. Average daily volume touched a new high in 2016 at 8,762 lots, an increase of 19 percent over the previous year, while monthly delivery volumes rose 20.5 percent to 21,724,000 barrels.

Physical delivery for the month of January pegged at 28,509,000 barrels and a record 29,887,000 barrels due for delivery in February; the highest ever monthly volume registered on the exchange.

Commenting on the announcement, Ahmad Sharaf, Chairman of DME, said, "Over the last five years, DME has taken a number of measures aimed at enhancing our trading platform and physical delivery infrastructure, and our steady growth in volumes is a direct reflection of our success in offering customers a state-of-the-art, highly secure trading environment along with fair and transparent pricing."

He added, "With the balance of oil demand shifting eastwards, DME has successfully leveraged its position as the most credible source of pricing for oil trade flows in the region to expand its volumes and capitalise on the rapidly growing crude oil trade between the Middle East and Asia."


WAM/Esraa/Moran

 


Emirates News Agency (WAM)




  MENA News Headlines
 Mar 26 2017 -  Ronaldo takes Portugal tally to 70 in Hungary strollThe Peninsula
(MENAFN - The Peninsula) LISBON: Cristiano Ronaldo scored two stunning goals and took his international tally to 70 as he led Portugal to an emphatic 3-0 win over Hungary in a World Cup qualifier ...

 Mar 27 2017 - Conflicts and protracted crises hamper progress made to end hunger in the Near East and North AfricaMENAFN Press
(MENAFN Editorial) ROME, Italy, March 27, 2017/APO/ -- Food security and nutrition levels in the Near East and North Africa have sharply deteriorated over the last five years, undermining the ...

 Mar 27 2017 - Emaar Malls Said to Bid for Dubai's Souq.com to Challenge AmazonThe Peninsula
(MENAFN - The Peninsula) Emaar Malls PJSC, the shopping-center unit of Dubai's largest publicly-traded property developer, bid for online retailer Souq.com in a challenge to an offer made by ...

 Mar 27 2017 - 41 PKK terrorists killed in Turkey, northern IraqThe Peninsula
(MENAFN - The Peninsula) ANKARA/TUNCELI, Turkey: A total of 41 PKK terrorists were killed in separate operations in Turkey and northern Iraq, according to official sources on Sunday. At least ...

 Mar 27 2017 - At least 16 civilians killed in IS attack on MosulThe Peninsula
(MENAFN - The Peninsula) NINEVEH, Iraq: At least 16 civilians, including women and children, were killed and 43 others injured in a Islamic State rocket attack in the newly-liberated eastern side ...

 Mar 27 2017 - Alert for mobile radars on Qatar roads (Monday, March 27)The Peninsula
(MENAFN - The Peninsula) Ever since mobile radars have been placed at various locations, the number of violations caught across the country has gone up. It is best to drive carefully and under ...

 Mar 26 2017 - PRESS RELEASE- Region's financial leaders meet to discuss how to survive coming tech revolutionMENAFN Press
(MENAFN Editorial) Leading bankers, FinTech experts, regulators and financial industry representatives from the Middle East and Africa will gather in Manama this week to discuss the latest ...

 Mar 26 2017 - Reebok Les Mills invites you to witness a live workout demonstration at Stadium, Yas MallMENAFN Press
(MENAFN Editorial) Enjoy 20% discount on select Reebok products for a limited time period only Abu Dhabi, UAE; 26 March, 2017: Head to Stadium at Yas Island on Friday 31st March for a free Les ...

 Mar 26 2017 - L'Occitane introduces Terre De LumiereMENAFN Press
(MENAFN Editorial) Timeless light With every new chapter comes a new beginning. This time, L'OCCITANE went back to the very source of the beauty of Provence. It wanted to find the force that ...

 Mar 27 2017 - Royal Air Maroc Joins Arab Airlines in Poking Fun at Electronics BanMorocco World News
(MENAFN - Morocco World News) Toronto – With the in-flight electronics ban taking effect Saturday, the Arab airlines affected decided to fight back with humour against the widely-disputed US and UK ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help