(EnergyAsia, May 28 2012, Monday) — Saudi Arabia has made a major policy shift with its decision to venture into oil trading including paper trading and derivatives as this could violate conservative Islamic rules that prohibits speculation and gambling.The world’s largest oil exporter and producer has long held out against trading, citing the potential for…
SAUDI ARABIA: Aramco launches into oil trading, including paper and derivatives
Posted on May 28, 2012 by EnergyAsia