[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Genocidal racist Arab leader: Ahmad Shukairy, ‘father’ of ‘Apartheid’ slander

Gamal Abdel Nasser interviewed in English.

Underground Bishops Expected to Subject Themselves to Communist Ones Favored by Pope as Sign of Obedience

Why did Jeb Bush get Scared after He Saw The Note from Secret Service?

Kansas Supreme Court Says Cops Can Search A House Without A Warrant As Long As They Claim They Smelled Marijuana

The Twilight of Asset Forfeiture? (Copsuckers weep)

Investigations look at Trump’s life from all angles

VICE

French Government Threatens Town With A Fine Of 2000 Euros A Day If It Does Not Remove Nativity Set

Federal judge in Texas strikes down Affordable Care Act.

Faithful Flock to Pay Tribute to Effigy of Virgin Mary That Appeared Near Artesia Church ...

Federal judge in Texas strikes Federal judge in Texas strikes down Affordable Care Act Affordable Care Act

Feds Fine Business $60,000 for Selling Non-Prescription Contact Lenses Without a Prescription

Policing For Profit: How Civil Asset Forfeiture Has Perverted American Law Enforcement

BREAKING: Trump Names Mick Mulvaney Acting Chief of Staff

Sondra Locke, frequent co-star in Clint Eastwood films, dead at 74

Vox: Change the Constitution so Ocasio-Cortez Can Run for President!

Scott Adams: How Google is Ruining my Life for Political Reason

Congress Hid Illegal Legislation in Farm Bill to Further Support Horrific Genocide in Yemen and It Passed

Boy Scouts On Verge Of Bankruptcy

If Cannabis Can Kill "Incurable" Brain Cancer, Why Is It Criminalized?

Karma’s a B---h

Teenage Sisters Legally Recorded Police, Who Tackled Them to the Ground

Bizarre Clouds of Aluminum-Coated Material Appear on Radar Across the US

Trump Inauguration Spending Under Criminal Investigation by Federal Prosecutors

Why Christians Should Embrace Free Markets, With Guest Fr. Robert Sirico

Russian spy Maria Butina pleads guilty to engaging in conspiracy against US

Trump cancels White House Christmas party for the press

SKEWERED ALIVE Factory robot impales worker with 10 foot-long steel spikes after horror malfunction

Indiana Police Chief Promoting As Many Bad Cops As He Can To Supervisory Positions

MEET THE BOARD OF THE FUSION GPS-LINKED GROUP INVESTIGATING TRUMP

Richard Painter Says There’s Only 1 Way Out For Trump Now

78-Year-Old Man in Wheelchair Evicted to Freezing Streets for Treating Pain With Legal Medical Pot

As Gov’t Failed to Provide, Anarchists Stepped in to Help Fire Refugees Living in a Walmart Parking Lot

NJ State Police to launch Nazi-style door-to-door gun magazine confiscation campaign… at gunpoint, of course… NJ declares WAR on its own residents

U.S. Steel Stock Has Dropped 57 Percent Since Trump's Tariffs Were Announced

Stoneman Douglas report calls on the sheriff's office to investigate SEVEN deputies who 'failed to confront Nikolas Cruz during the horrific mass school shooting'

Catholic Couple and St.Pete

IT MAY BE TIME TO QUIT THINKING!

Parents of pregnant woman shot in Ofra attack: ‘She opened her eyes and cried’

Google CEO Had To Explain To Congress Why Googling ‘Idiot’ Shows Donald Trump

PELOSI, SCHUMER PLEAD TO TRUMP: ‘LET’S DEBATE’ BORDER FUNDS ‘IN PRIVATE’ Pelosi said they did not come to debate border funding ‘in public view’

'Terror' at Christmas market: 'Islamist' who shot dead three people and wounded 13 in Strasbourg had been identified as 'a threat to the state' it is revealed as manhunt continues

Police use facial recognition doorbells to create private watchlist networks

To a Nation of Snowflakes, Christmas Has Become Another Trigger Word

George H. W. Bush Met With The Bin Laden Family On The Morning of 9/11

Maryland Man Saves a Life, Says D.C. Cops Rewarded Him by Seizing His Car Benjamin Davis III wasn't issued a ticket or citation.

Vermont Man Barred From Building on His Own Property Flips Off Government With Giant Middle Finger Statue

Vatican No. 3 Cardinal George Pell Convicted on Charges He Sexually Abused Choir Boys

Belize Documentary


Status: Not Logged In; Sign In

International News
See other International News Articles

Title: China Set To Launch Yuan-Prices Oil Futures Next Month
Source: [None]
URL Source: [None]
Published: Feb 09, 2018
Author: Tsvetana Paraskova
Post Date: 2018-02-14 09:33:55 by U don't know me
Keywords: None
Views: 45

China Set To Launch Yuan-Prices Oil Futures Next Month By Tsvetana Paraskova - Feb 09, 2018, 11:00 AM CST China

In a move that could upend the pricing and trading of one of the world’s most actively traded commodities, China plans to finally launch its long-awaited and delayed yuan-denominated oil futures contract on March 26, Reuters reported on Friday, quoting two sources familiar with the latest developments.

China has been preparing to launch its oil futures contract for years and has postponed or shelved plans several times, but it looks like now it is close to launching an oil futures contract that will give it more clout in crude pricing and promote its currency as a truly global one.

With the contract, to be launched on the Shanghai International Energy Exchange, or INE, China hopes to create an Asian crude oil benchmark that would better reflect pricing for the oil imported and consumed in the world’s top importing region, Asia, and the world’s largest oil importer, China.

An official at the INE told S&P Global Platts today that the oil futures contract would be launched on March 26, after the exchange had recently received the approval from China’s State Council—the final hurdle to the launch of the contract.

Some details about the launch of the oil futures contract are expected to come in later today, the INE official told S&P Global Platts.

The launch of the yuan oil futures contract will be a wake-up call for traders and investors who haven’t been paying attention to Chinese plans to create the so-called petroyuan and shift oil trade out of petrodollars, Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), said in October last year. Related: LNG: Glut Today, Shortage Tomorrow

Although the petroyuan is not expected to immediately supplant the petrodollar, the world’s top oil importer launching a crude oil futures contract in its domestic currency is a sign that the Chinese want their yuan to play an increasingly important role in global trade, starting with the oil trade.

According to some analysts, the success of the yuan oil futures contract greatly depends on the Chinese regulation (and room for intervention) on the market, which could deter international investors from bringing huge volumes into the contract. Others believe that while it makes sense that the world’s key oil import market launch yuan oil futures, it would take years for the yuan to really threaten the supremacy of the “entrenched” petrodollar.

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com