India gets gas, warns on speculative activity

17 Jul 2006

India's Multi-Commodity Exchange (MCX) launched its rupee-denominated natural gas contract on 10 July.

Although the exchange did not publish volume figures it did reveal that on the first day contracts with an underlying value of INR270m ($5.86m) changed hands.

However, local press reported concern being expressed by both government and exchange figures about the danger of speculative trading...

The rest of this article is for subscribers only. Would you like to take a free trial?

Unlimited access
Data & graph exports
Daily data brief
Weekly newsletter

News & Analysis access
Extensive data searches
Access to archive
Weekly newsletter

Already have an account?

Username:
Password:

Remember me? | Forgot your password?

“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.