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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

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Published Thu, Jun 29, 2017 · 09:50 PM

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    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, a unit of state refiner Sinopec, vies with Europe's Vitol to be the top global crude trader, Asian might in physical markets has not spilled over into international futures trading.

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