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For oil, contango has become the normHigh inventories are likely to keep oil markets mostly in contango throughout 2011, extending into a third year a structure once considered unusual but now seen as standard. The market has been in contango for more than two years - with th More… |
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DME to launch 4 new contracts 'very soon'The Dubai Mercantile Exchange (DME) expects to launch four new contracts this year which should help boost liquidity in its benchmark Oman crude, its chief executive at an energy summit. The exchange launched the Oman contract in 2007, aim More… |
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India retains trading ban on four commoditiesIndia is likely to keep the export ban on rice and wheat, after extending a four-month ban on futures trading in soybean oil, rubber, potatoes and chickpeas to curb high prices, a report said. Futures trading in the four commodities h More… |
