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Asia falls further behind US, Europe in financial oil trading

But that may change as China steps up efforts this year to launch its much-awaited Shanghai crude futures contract
Friday, June 30, 2017 - 05:50

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ASIA is dropping further behind the United States and Europe in financial oil trading despite being the world's biggest fuel-consuming region, exposing refiners from China to Singapore to the moods of speculators who often ignore market fundamentals.

Singapore

ASIA is dropping further behind the United States and Europe in financial oil trading despite being the world's biggest fuel-consuming region, exposing refiners from China to Singapore to the moods of speculators who often ignore market fundamentals.

While China's Unipec

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