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tibetan jewelry wholesale uk Crude oil futures are an important type of oil futures. At present, there are 4 important crude oil futures contracts in the world: Light low -sulfur crude oil from the New York Commercial Exchange (NYMEX) is the "West Dhar Cascia" futures contract. Sulfur crude oil futures contract, the Brent crude oil futures contract of the London International Petroleum Exchange (IPE), and the Dubai acid crude oil futures contract of the Singapore Exchange (SGX).
"International crude oil" "Petroleum Futures is a futures with long -term petroleum prices as the target item, which is a transaction variety in futures transactions. Formulated by the Futures Exchange and a standardized contract with crude oil as the target. EG: Nymex launched a light -quality low -sulfur crude oil futures contract in 1983. IPE launched the Brent crude oil futures contract, one of the three international benchmark crude oil on June 23, 1988.
The Singapore Exchange (SGX) officially launched the Middle East Dubai Petroleum Futures Contract on November 2, 2002.
is mainly divided into two categories, Ukoil, USOIL's oil crisis in the early 1970s, which brought a huge impact on the world's oil market, and the price of petroleum prices fluctuated violently, which directly led to the generation of oil futures. After the birth of petroleum futures, its transaction volume has been growing rapidly, which has exceeded metal futures and is an important part of the international futures market.
In oil futures contracts, crude oil futures are a variety of drunk transactions. At present, there are three types of trading volume in the world, and there are three types of crude oil futures contracts that affect the extensive crude oil futures: Light low -sulfur crude oil of the New York Commercial Exchange (NYMEX), WTI (West Dhar's Medium Crude Oil) futures contract, London International Petroleum The BRENT (North China Brent crude oil) futures contract, and Dubai (Dubai crude oil) futures contract of Singapore International Financial Exchange (Simex).
It other refined oil futures varieties include distilled oil, lead gasoline, gas oil, heating oil, fuel oil, light diesel, etc. International crude oil real-stock transactions mainly adopt the benchmark price /-d water pricing method. Futures transactions such as WTI, Brent, Dubai and other futures transactions are often used as the benchmark price. For example, CME's WTI futures contract is an example. Its specifications are 1,000 barrels per hand, the quotation unit is USD/barrel, and the price fluctuates is 1 cents.
The crude oil produced in the Western Hemisphere is mainly based on WTI for pricing, including ANS (Alaska Northern Poor Crude Oil) in the United States, Maya (Maya Crude Oil) in Mexico, ORIENTE (Orient Crude Oil) of Ecuador, and Venezuela (San Barbara crude oil ) Escalante in Argentina (Eskrant crude oil).
The crude oil produced in Western Europe, Mediterranean and Western Africa, such as Russia's URALS (Urals Crude Oil), Libya's Sarir (Sarir crude oil), and Nigeria's Bonnylt (Bonni Lightweight crude oil). Dubai is mainly crude oil produced in the Middle East. The crude oil transactions produced in the Far East are mainly based on regional reference oil species such as Minas, Cinta, Duri and other regional.
In data from the US "Oil and Gas Magazine", as of the end of 2007, global oil proven surplus reserves were 18.2424 billion tons, an increase of 1.1%year -on -year, and the storage and mining ratio was 50.4 years. Saudi Arabia ’s proven can be the first to be available in the world, reaching 3.6541 billion tons, accounting for about 20%of the world, and the storage ratio is 84 years. The global crude oil output of 2007 is 36.
1.8 billion tons, the top 5 oil -producing countries are Russia, Saudi Arabia, the United States, Iran and China. As of January 1, 2002, global oil estimates were 14.1309 billion tons. Saudi Arabia is the first of the world's petroleum reserves. The global crude oil output in 2001 was 3.18 billion tons, and the top 5 countries were Russia, Saudi Arabia, the United States, China, and Norway.
of which Russia and China have increased by 9%and 1.8%, respectively. Russia has replaced Saudi Arabia from the second place in 2000 to become the world NO. 1 The oil -producing country, and China also rose from the fifth place last year to fourth. Petroleum is the "blood of industrial production" and is an important strategic material. In order to protect its own interests, the world's oil -producing countries established the Organization of the Petroleum Exporting Countries in September 1960. It is referred to as OPEC. There are 13 member states: Iraq, Iraq, Iraq, Iraq, Iraq, Iraq, Iraq, Iraq, Iraq, Iraq, Iran, Kuwait, Saudi Arabia, Venezuela, Algeria, Ecuador, Kafe, Indonesia, Libya, Nigeria, Qatar and Arab Emirates.
The headquarters in Vienna, the capital of Austria; OPEC's oil container has reached 113.3 billion tons, accounting for nearly 80%of the world's total reserves.
china jewelry wholesale price The concept of international crude oil futures is relative to domestic crude oil futures. What he means is to do crude oil futures internationally.
This need not be note that if domestic crude oil futures are said to have no formal platform if you want to do it in China, basically there are currently on the market. Generally, it is a gambling disk, so if you say you want to do international international For crude oil futures, you should go abroad to open an account or not to get involved in this piece.
statement wholesale jewelry china Crude oil futures referred to as Oilfut, which is the most important oil futures, and Oilfut is the abbreviation of "Oilfuls".
OILFUT is the largest variety of transaction volume in petroleum futures contracts.
The world's largest transaction volume and the most widely influence of crude oil futures contracts:
Light low sulfur crude oil from the New York Business Exchange (NYMEX) is WTI (West Dharxus Medica Crude Oil) Futures contract,
Brent (IPE) Brent (IPE) Brent (North China Brent crude oil) futures contract,
, and Dubai (Dubai crude oil) futures contract of Singapore International Financial Exchange (Simex).
The emergence of crude oil futures has certain historical reasons. In 1973, the Fourth Middle East War broke out, and the entire oil market supply was tight. Essence Faced with the oil crisis, many European and American investors began to use futures to solve the problem of oil price fluctuations. After continuous development, NYMEX launched a light -quality low -sulfur crude oil futures contract in 1983, and launched the WTI crude oil option contract in 1986; IPE (London International Petroleum Exchange) launched BRENT crude oil futures contract on June 23, 1988, and in BRENT crude oil option contract was launched in 1989. WTI crude oil and BRENT crude oil futures are the two most influential crude oil futures contracts in the world.
In years of development, the three basic functions of the petroleum futures market have been basically available.
The price discovery. There are many commercial producers, operators, and speculators in the futures market. They use production cost plus expected profit as the foundation of pricing, traded each other, and influence each other. Dealers of all parties analyze and predict the future price of the product. Through the public bidding of the organization, the expected oil benchmark price is formed. This relative benchmark price will also change due to changes in market supply and demand conditions. It has certain dynamic characteristics. Essence Futures prices formed during public competition and bidding are often regarded as the reference price of the international oil spot market. It has important price -oriented functions, which can guide enterprises to produce and operate more market -oriented and improve the allocation efficiency of social resources.
It is to avoid risks. The hedging period is one of the basic ways of operating the oil futures market. Enterprises can achieve risk procurement through the hedging of the setting period, which can keep the cost or expected profit from production and operating, thereby enhancing the company's ability to resist market price risk.
The basic approach to preservation in sets is to buy or sell for the equivalent number of transactions in the spot market. The actual price risk brought by changes in the spot market price.
Of course, due to the objective existence of the difference in spot price and futures price, the hedging preservation of the setting period cannot completely eliminate the risk. Instead, it uses a small risk to replace a larger risk. Different risk replace the risk of changes in spot price.
three is to satisfy speculation. Capital has natural speculation. Using the oil futures market can attract a large amount of funds, thereby providing driving forces for the development of the oil industry.
In 2013, the oil futures market has become an important part of the world's energy market, which has a profound impact on the operation of the world's energy market. From the perspective of practice and operation, the generation and operation of the futures market have special requirements for the environment. The mature and standardized market economy system is the prerequisite for the existence and development of the petroleum futures market.
The level of market competition and opening up is high, the supply and demand information is sufficient, and the spot market is well -developed;
is that the economic system is relatively open, and there is no strict price and import and export control;
The third is futures The financial market in the exchanges is open, and the futures price and currency can be freely exchanged under capital;
is the sound of the country or region where the futures market is located, and the supervision of the futures market is effective.
OILFUT (OILFUT) has been approved for listing. On December 12, 2014, the China Securities Regulatory Commission officially approved the Shanghai Futures Exchange to carry out crude oil futures transactions at its international energy trading center. Essence