Shanghai International Energy Exchange are to adjust trading limits for some crude oil, low-sulfur fuel oil and shipping index futures from March 3rd
Newsquawk Staff ·
Shanghai International Energy Exchange are to adjust trading limits for some crude oil, low-sulfur fuel oil and shipping index futures from March 3rd.
What it means
The Shanghai International Energy Exchange's decision to adjust trading limits for crude oil and fuel oil futures indicates a response to volatility or changes in market conditions. This could impact liquidity and price stability, particularly for WTI and Brent, as market participants reassess their positions in light of new limits. Watch for potential cross-asset implications, especially in related commodities and currencies.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC
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