Greater China

Shanghai Future Exchange eyes oil business

Shanghai: The Shanghai Future Exchange (SHFE) is looking to list bunker fuel futures, along with crude and natural gas futures, Chu Juehai, CEO of the exchange's energy unit, told Bloomberg.

The move into crude futures contracts could create an Asia benchmark, increasing China's role in determining prices, something it has tried to do with other commodities.

The SHFE also intends to amend its fuel oil futures contract, Yang said.  [30/05/14]

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