Sentences with phrase «launched oil futures»

China has launched oil futures backed by yuan, and Beijing has what Gaddafi didn't, according to the expert.

The plan is to launch an oil futures contract on the Shanghai International Energy Exchange (INE), but there are obstacles in convincing large oil producers and consumers in using the yuan and investing in the Shanghai benchmark.

Not exact matches

The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.

The most notable is that China last Monday launched its own crude oil futures contract.

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Local media have reported that China could launch a crude oil futures contract priced in yuan as early as Jan. 18, although analysts and industry executives who spoke to Breakingviews believe a later start is more likely.

China finally launched last month its yuan - denominated crude oil futures that have been in the works for years, after several delays.

Hayden Briscoe, Head of Fixed Income, Asia Pacific, at UBS Asset Management, said in a report just before the Chinese futures launched that «We believe that in the long term this will change how oil is traded globally, create a petro - yuan currency flow, increase the role of the RMB [renminbi — Ed.]

After Monday's launch of the yuan - backed oil futures in Shanghai, there have been negotiation between Russia and China on mutual promotion of oil futures in national currencies, RIA Novosti reported.

The move comes after the launch of crude oil futures in March, the first futures contracts listed on the mainland open to overseas investors.

In 2016, the St. Petersburg exchange in Russia launched Urals oil futures in the Russian ruble, and support from China could prop up Russian crude futures.

The Shanghai International Energy Exchange is launching a crude - oil futures contract that's denominated in Yuan.

News # 1: China might be just days away from launching its Yuan - denominated oil futures on the Shanghai exchange.

The launch in February of the Qatar National Tourism Sector Strategy 2030 provides a clear framework to all sector stakeholders for how we will contribute to moving our country towards a prosperous future and one that is less dependent on oil and gas resources.»

Highlighting the now almost daily rash of cuts in capital spending the Carbon Tracker Initiative has today launched Capex Tracker, a tool that will help investors challenge company boards over future investment decisions that are deemed high risk amid enduring oil price volatility.