Norwegian Bourse Director Wants Oil Bourse - Priced In Euros
Bourse Director Sven Arild Andersen is fed up with Norwegian oil having to be traded in London and wants to have a commodities and energy bourse in Norway.
The Bourse Director believes that Norway already has the prerequisites for building up a Norwegian or Scandinavian energy bourse.
"This would in such case compete with the bourse in London. Why not have the ambition to outcompete the British petroleum bourse," says Sven Arild Andersen.
"Here, you could trade crude oil, natural gas contracts and establish derivatives for these products."
( Full story here )
The Bourse Director believes that Norway already has the prerequisites for building up a Norwegian or Scandinavian energy bourse.
"This would in such case compete with the bourse in London. Why not have the ambition to outcompete the British petroleum bourse," says Sven Arild Andersen.
"Here, you could trade crude oil, natural gas contracts and establish derivatives for these products."
( Full story here )
posted by Oil Shock at 2/26/2006 05:54:00 PM
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