CHINA: China Aviation Oil to gain from Shanghai Pudong International Airport stake

Singapore-based China Aviation Oil Singapore Corp (Caosco) will benefit from the transfer of all international flights from Shanghai’s Hongqiao Airport to the new Shanghai Pudong International Airport (SPIA) from Oct 28. Caosco owns a 33% stake in the company supplying jet fuel to the newly completed airport. In a statement, Caosco said: “From 28 October […]

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MARKETS: ICE, Argus in alliance

Atlanta-based IntercontinentalExchange (Intercontinental), a leading global electronic commodity trading platform, recently announced the formation of The 10x Group, a market data services company with offices in Houston and London. The 10x Group has been established to address the commodity industry’s need for verifiable, transparent and timely market data. The company will operate autonomously from Intercontinental, […]

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SINGAPORE: SGX to launch Middle East crude oil futures on November 12

Singapore Exchange Limited (SGX) and International Enterprise (IE) Singapore said that the US$-denominated SGX Middle East Crude Oil (MECO) Futures contract will be launched for trading on the SGX Electronic Trading System (SGX ETS) at 11.30 am on November 12, 2002. The contract’s final settlement is based on the Monthly Average of the Daily Dubai […]

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