Iran launches futures contracts at Energy Exchange
Saman Kojouri
Press TV, Tehran
Iran has launched its futures contracts for the naphtha and methanol trades for the first time in the history of its energy exchange market.
According to experts, futures are some very important instruments for the market balance. If other energy carriers and especially oil, gas and petrochemical companies join Iran’s energy exchange on futures platform, Iran’s crude oil and gas is capable enough to be turned into a benchmark for pricing in the region.
Futures contracts are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined date and price in the future.
The launch of futures trade market at Iran's Energy Exchange will contribute to further transparency and predictability of Iran's economy.
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