Sign Up for FREE Daily Energy News
CDN NEWS  |   US NEWS  | TIMELY. FOCUSED. REVELANT. FREE
BREAKING NEWS:

Hazloc Heaters
EnergyNow Subscription Offer
EnergyNow Subscription Offer

CME says it plans to launch e-auction for U.S. crude oil exports


SINGAPORE, Jan 15 (Reuters) – CME Group Inc said on Tuesday it plans to launch an e-auction platform with Enterprise Products Partners LP for U.S. spot crude oil export cargoes to be priced based on West Texas Intermediate (WTI) Houston futures.

“The electronic auction will provide a competitive and transparent venue for firms across the world to efficiently hedge U.S. crude oil,” CME said in a statement.

The initial focus of the e-auction platform will be on the crude infrastructure terminals in Houston, managed by Enterprise Products Partners, CME added.

Reporting by Florence Tan; editing by Richard Pullin



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Hazloc Heaters
Scovan Engineering
Bedrock Automation
Dycat Solutions