Tag Archives: Western benchmarkds

Shanghai crude futures eat into Western benchmarks as China pushes yuan

08 August, 2018 10:15 am 10:15 am

SINGAPORE (Reuters) – The launch of China’s first crude futures contract in Shanghai has added a long-awaited Asian benchmark to the global oil sector, challenging the dominance of Western price-markers and threatening ramifications far beyond the energy industry. Since their launch in March 2018, Shanghai crude futures have stolen market share from the incumbent benchmarks … Read More