Oil bourse

An oil bourse is a commodities exchange where energy commodities such as crude oil and natural gas are traded. Examples include the New York Mercantile Exchange and the Intercontinental Exchange.[1][2]

In 2005, an Iranian oil bourse was announced and promised to offer an alternative to trading oil in petrodollars, using instead the petroeuro as its trading currency.[3][4] Despite several attempts to implement it over one and a half decades, the Iranian oil bourse never got off the ground and in January 2020 was officially cancelled.[5]

References

  1. ^ Gokay, Bulent (2006). Politics of Oil: A Survey. Oxford and New York: Routledge. ISBN 978-1-317-54248-3.
  2. ^ Fazi, Elido (2012). Third World War?: A Geopolitical Reading of the Financial Crisis. Rome, Italy: Fazi Editore. ISBN 978-88-6411-637-2.
  3. ^ Jonsson, David J. (2006). Islamic Economics and the Final Jihad: The Muslim Brotherhood to the Leftist/Marxist - Islamist Alliance. Maitland, FL: Xulon Press. pp. 299–301. ISBN 978-1-59781-980-0.
  4. ^ Vassiliou, Marius S. (2009). Historical Dictionary of the Petroleum Industry. Historical Dictionaries of Professions and Industries. Vol. 3. Lanham, MD, Toronto and Plymouth, UK: Scarecrow Press. p. 164. ISBN 978-0-8108-6288-3.
  5. ^ "Budget Review Commission of the Parliament Opposes Establishment of the Oil Bourse". Iran Mercantile Exchange. Retrieved 12 January 2020.


See also: Iranian oil bourse and International Petroleum Exchange


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