Gulf Mercantile Exchange (GME)

Dubai, 07 November 2024: Gulf Mercantile Exchange (GME), the premier international commodity exchange in the Middle East, is pleased to announce significant growth in its exchange performance for the year 2024, highlighting the increasing trust and reliance on its contracts and services within the global oil market.   The exchange saw an impressive 8% growth in physical delivery volume, rising from 201 million barrels in 2023 to 217 million barrels in 2024. Furthermore, trading volume for the front month surged by 20%, with a total of 965 million barrels traded in 2024 compared to 800 million barrels in 2023. Additionally exchange total volume in October 2024 recorded a 29.26% increase with 116,931 contracts traded, compared to 90,462 contracts in September 2024   This growth reflects the confidence that traders and market participants have in the exchange, which has established itself as a leading platform and a reliable pricing signal for crude oil produced in the Middle East. Currently, GME Oman is pricing over 5 million barrels of crude oil produced in the region and shipped to Asia daily.   Raid Al-Salami, Managing Director, GME, stated, “We are incredibly proud of our achievements in 2024. The continued growth in both physical delivery and trading volumes is a testament to the trust our clients place in our exchange and the integrity of GME Oman. We remain committed to delivering exceptional service and fostering transparency in the oil market.”   “As we move forward, we are dedicated to further enhancing our services and expanding our role in the global oil market, ensuring that we continue to meet the evolving needs of our customers and regional national oil companies” Al- Salami concluded.

Fundamental factors like supply, demand, and geopolitical events drive price movements in derivative markets. By understanding these factors, you can anticipate market trends. Learn more at www.gulfmerc.com #MarketFundamentals #PriceDiscovery #GME

Wishing everyone a joyous Diwali filled with light, peace, and prosperity. May this Festival of Lights bring success and happiness to all! Hashtags: #HappyDiwali #FestivalOfLights #GME #Celebration

Average Monthly Price for Oman Crude Oil Futures (OQD) Contract November 2024: $74.82/bbl #Oman #Crude #Oil #Futures #OQD #oilandgas

Futures contracts come with a set of specifications, such as contract size, asset being traded, and settlement methods. Knowing these details is critical for managing risk in futures markets. Discover more at www.gulfmerc.com #ContractSpecifications #RiskManagement #GME

Press Release: Arjun Global Announces Strategic Partnership With Gulf Mercantile Exchange (GME) to Drive Market Knowledge and Business Development Arjun Global is proud to announce a strategic partnership with the Gulf Mercantile Exchange (GME). This collaboration aims to enhance GME’s market development efforts, with a key focus on expanding their presence in India and globally strengthening business ties in one of the world’s most dynamic economies. GME, a prominent commodities trading platform in the Gulf region, has made significant strides in the energy markets and gearing up to expand into other commodities. As part of its strategic growth plan, GME has turned to Arjun Global to leverage its deep understanding of the Indian market, business development capabilities, and extensive network to facilitate GME’s expansion into India. Read the full article at https://lnkd.in/eszwU7Ys #arjunglobal #financialmarketstrader #gulfmercantileexchange #GME #financeindia #gulfcoast #dubai #singapore #india

Trade flows represent the movement of goods and capital across borders. Understanding these flows is essential for predicting price changes in derivative markets. Stay informed to seize opportunities. Explore more at www.gulfmerc.com #TradeFlows #DerivativeMarkets #GME

Futures contracts are legally binding agreements to buy or sell an asset at a future date for a fixed price. They’re used for hedging and speculating, especially in volatile markets like oil and commodities. Learn more at www.gulfmerc.com #FuturesContracts #TradingBasics #GME

Russell Robertson: "Market has found some support down here but still many fundamental and geopolitical issues at play. It feels heavy but is there the momentum to break the forever range ... I think that the macroeconomics and inflationary pressures in the US are a key factor that could start seeing a general commodities up swing (I didn't say supercycle 🤐). The message today 'Read the data not the News'!"

Our own Russell Robertson, Chief Commercial Officer at GME, will be joining Gulf Intelligence on the Daily Energy Markets Podcast this Monday, October 21st at 10:30 AM (UAE Time). Russell will dive into the latest market trends, energy risks, and how GME is playing a pivotal role in global financial markets. Be sure to tune in for valuable insights and perspectives from an industry leader. Watch live through the Zoom ID 👇 #GME #EnergyMarkets #FinancialExchanges #MarketInsights #Podcast