FEATURE: INE’s Shanghai Crude contract sustains Chinese demand for cheap Middle East barrels

Capt. John

Strength in the price of Shanghai crude oil futures hosted on the Shanghai International Energy Exchange, or INE, and a doubling of storage capacity may explain why Iraq’s Basrah and Oman have fetched higher prices in a deeply discounted market for Middle East crudes over April. This month, several...

https://www.hellenicshippingnews.com/feature-ines-shanghai-crude-contract-sustains-chinese-demand-for-cheap-middle-east-barrels/

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