(EnergyAsia, November 27, Tuesday) — After years of resisting, India has finally agreed to allow its state-owned oil companies to trade and hedge futures and forward oil contracts. The Reserve Bank of India said oil refiners will be allowed to hedge their foreign exchange exposures and also trade oil futures up to one year ahead….
INDIA: Oil companies to start using paper contracts to manage risk
Posted on November 26, 2007 by EnergyAsia