China: INE, PetroChina to Deliver Marine Fuel Overseas


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China: INE, PetroChina to Deliver Marine Fuel Overseas Maritime Activity Reports, Inc. November 26, 2020 Alexey Novikov - AdobeStock China's Shanghai International Energy Exchange (INE) said on Thursday it had signed an agreement with PetroChina International Co Ltd to cooperate on the overseas delivery for its low-sulfur fuel oil futures contract. Both parties have reached a consensus on cross-border overseas delivery for the marine oil and see the move as an "important foundation" for China's first futures delivery "going global", Shanghai Futures Exchange-owned INE said in a statement. This would be the first time a Chinese futures contract would be...