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…
china
David Hargreaves on Iron Ore
Iron Ore: Now China wants pricing changes. When you have a commodity where three countries export 70 %, one country imports 60 % and three companies produce the majority, you are…