In this list

Dubai crude oil futures trading on TOCOM more than doubled in 2020

Commodities | Energy | Electric Power | Nuclear | Energy Transition | Emissions | Renewables | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Metals | Non-Ferrous | Steel Raw Materials

Market Movers Europe, Jan 17-21: Ukraine border tensions spike commodity price fears

Energy | Oil | Crude Oil

Platts Crude Oil Marketwire

Energy | Oil | Petrochemicals | Olefins | Polymers | Crude Oil

Asian Refining and Petrochemicals Summit

Energy | Natural Gas

US gas production drop, colder weather promises tighter supply, higher prices ahead

Energy | Energy Transition | Emissions | Carbon | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Refined Products | Metals | Steel Raw Materials

Commodity Tracker: 6 charts to watch this year

Dubai crude oil futures trading on TOCOM more than doubled in 2020


Daily, monthly records set in April 2020

Trading soared as pandemic crushed oil demand

TOCOM Dubai crude is cash-settled

Dubai — Dubai crude oil futures traded on the Tokyo Commodity Exchange in 2020 rose 124% on the year, setting a fresh record high, according to figures on TOCOM's website.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Volume rose to 6,010,730, beating the previous record of 5,963,7885 set in 2016, the figures show. The 2020 total was up from 2,679,766 in 2019 and 4,537,185 in 2018.

A record 850,779 TOCOM Dubai futures lots traded in April 2020, with an all-time daily high of 111,711 contracts on April 22. Each Dubai crude futures contract is 50,000 liters which is equivalent to around 314.5 barrels.

The Dubai crude futures trade volume on TOCOM rose amid a volatile crude oil market in 2020, with crude oil demand plunging through the first and second quarters as the coronavirus pandemic crushed transportation fuels. TOCOM provides futures and options in oil, precious metals and agriculture. All oil futures contracts are physically delivered except for the Dubai crude, and barge- and lorry-delivered contracts, which are cash-settled.