(Bloomberg) -- Dubai Mercantile Exchange Ltd., a
venture between the Gulf sheikhdom and Nymex Holdings Inc.,
starts trading Arab oil futures tomorrow to compete with
Intercontinental Exchange Inc. in setting Asian crude prices.
The DME will provide futures contracts based on high-
sulfur, so-called sour crude, to Asian buyers such as refiners.
It was beaten to the start of trading by ICE after delaying the
opening by a month because of regulatory and technical matters.
Read more at Bloomberg Energy News
venture between the Gulf sheikhdom and Nymex Holdings Inc.,
starts trading Arab oil futures tomorrow to compete with
Intercontinental Exchange Inc. in setting Asian crude prices.
The DME will provide futures contracts based on high-
sulfur, so-called sour crude, to Asian buyers such as refiners.
It was beaten to the start of trading by ICE after delaying the
opening by a month because of regulatory and technical matters.
Read more at Bloomberg Energy News
No comments:
Post a Comment