INTERNATIONAL

China Seeks Bigger Role In Oil Pricing

China is planning to launch an energy futures exchange, a project that has been in the making for some time and may yet falter. The Shanghai International Energy Corporation (INE) has signed a Memorandum of Understanding (MOU) with the Dubai Mercantile Exchange (DME) to help develop its crude oil futures contract, part of China’s effort to capitalize on its role as the world’s biggest single energy consumer and take a more...