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Encyclopedia > Petrobourse

Petrobourse refers to the possibility of the Iranian bourse establishing a fourth oil marker, and the possibility of a new commodity exchange that would revolve around it. This article is in need of attention. ...


Overview

The three current oil markers are all US dollar denominated: North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude. The two major oil bourses are the New York Mercantile Exchange (NYME) in New York City and the International Petroleum Exchange (IPE) in London. The proposed Iranian bourse would establish a fourth oil marker, denominated by the euro. World map showing North America A satellite composite image of North America. ... West Texas Intermediate (WTI) is a type of crude oil used as a benchmark in oil pricing and the underlying commodity of New York Mercantile Exchanges oil futures. ... The North Sea is a sea of the Atlantic Ocean, located between the coasts of Norway and Denmark in the east, the coast of the British Isles in the west, and the German, Dutch, Belgian and French coasts in the south. ... Brent Crude is one of the major classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg and Forties. ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ... Dubai Crude is an oil price benchmark. ... The New York Mercantile Exchange**** NOTE the AMENX is FAKE, created by york-commodities to scam your money, if you send money you will never see it again**** You have been warned. ... Nickname: Big Apple, City that never Sleeps image_skyline = Top_of_Rock_Cropped. ... The International Petroleum Exchange, based in London (England), is one of the worlds largest energy futures and options exchanges. ... London (pronounced ) is the capital city of England and the United Kingdom. ...


See also

Iran is planning to open a stock exchange, under names variously referred to in English as Iran Petroleum Exchange, International Oil Bourse or Iranian Oil Bourse, for the express purpose of trading oil, petrochemicals and gas in various non-dollar currencies, including euros. ... The Euro A petroeuro is a petroleum trade valued in the euro as opposed to the US dollar (a petrodollar). ... A petrodollar is a dollar earned by a country through the sale of oil. ...

External links

  • PetroTalk Portal for petro related Articles, Discussion, Links and more

 
 

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