Sentences with phrase «new oil benchmark»

China's new oil benchmark had a hugely successful debut.

Not exact matches

NEW YORK, April 23 - Global benchmark Brent crude turned positive on Monday, after dropping earlier after Iran's oil minister said OPEC would not extend its production cap pact if high crude oil prices continued.

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 onew 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 oNew York's NYMEX light crude oil futures and London's IPE Brent crude oil.

In the oil markets, prices dropped back from $ 90 amid some profit - taking — benchmark oil for October delivery was down $ 1.03 to $ 89.18 per barrel in electronic trading on the New York Mercantile Exchange.

By early afternoon in Europe, benchmark oil for November delivery was down 21 cents at $ 91.91 a barrel in electronic trading on the New York Mercantile Exchange.

He said regulatory confusion and delays in Canada have prevented the timely completion of pipeline projects such as the Trans Mountain expansion, leading to difficulty in getting crude oil to markets and the current steeper - than - usual discounts being paid for Canadian oilsands crude compared with benchmark New York - traded oil.

Benchmark oil for October delivery was down $ 1.28 to $ 107.52 per barrel in electronic trading on the New York Mercantile Exchange.

The Shanghai oil futures contract is similarly designed to wrest some control over pricing from the main benchmarks in New York and London — West Texas Intermediate (WTI) and Brent — and to promote the use of the yuan, also known as the renminbi.

Benchmark oil for June delivery was down 51 cents to $ 96.50 a barrel in electronic trading on the New York Mercantile Exchange.

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

Benchmark oil for April delivery was up 7 cents to $ 106.78 a barrel in electronic trading on the New York Mercantile Exchange.

Benchmark oil for July delivery was down 55 cents to $ 91.29 a barrel in electronic trading on the New York Mercantile Exchange.

ENERGY: Benchmark U.S. crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent crude, the benchmark for international oil prices, fell 6 cents to $ 47.20 a barrel iBenchmark U.S. crude oil futures added 28 cents to $ 45.11 in electronic trading in the New York Mercantile Exchange while Brent crude, the benchmark for international oil prices, fell 6 cents to $ 47.20 a barrel ibenchmark for international oil prices, fell 6 cents to $ 47.20 a barrel in London.

Benchmark oil for February delivery was down 35 cents to $ 95.2 per barrel in electronic trading on the New York Mercantile Exchange.

Benchmark oil for April delivery was down 14 cents to $ 106.11 per barrel in electronic trading on the New York Mercantile Exchange.

Tropical Traditions takes its product line to a whole new level and is the benchmark for coconut oil.

Reuters NEW YORK Oil prices edged lower on Friday after hitting a three - year high the previous day, but the benchmarks remained on track for a fourth straight week of gains.