China to launch new crude oil benchmark
Singapore (AFP) Sept 10, 2015 - China plans to launch a yuan-denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday. The contract will be traded at the Shanghai International Energy Exchange (INE) and will be a price reference for medium sour crude, a variety favoured by Asian players and imported mainly from the Middle East, said the source, who aske ... more
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