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A two currency oil market

China today launched its long awaited yuan denominated oil contract at the International Energy Exchange (INE) in Shanghai. Seven crude streams from UAE, Qatar, Oman, Yemen Iraq…

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Oil – Chess strategy in Vienna

We see low risk of a coordinated action at the June OPEC meeting on Thursday and reiterate our view that there is zero chance of an OPEC cut this year. With few event risks on the…