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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SINGAPORE: SPC reports 9-month profit of S$38.3m

Singapore Petroleum Company has reported that its net earnings has risen to S$38.27 million for the nine months ended Sept 30, compared with a loss of S$1.39 million previously. (US$1=S$1.8). It attributed the improved performance to higher oil prices. Operating profit before tax rose more than five times to S$39.9 million from about $7 million […]

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