VOL. XLIII

No. 13

27-March-2000

E-COMMERCE

Petroleum Majors And Banks Form Internet Energy And Commodities Trading Exchange

Three international petroleum companies and four banks announced on 21 March the launch of an internet-based market for trading over-the-counter (OTC) contracts in energy and metals. The move is claimed to represent the biggest step yet towards web-based trading in the energy and commodities industry, and follows a number of recent new ventures by the oil industry as it...