London's International Petroleum Exchange (IPE) is in
discussions that could see it extend its involvement in
developing Russia's first oil futures market.
Last November, Russia's energy ministry engaged IPE to train
crude traders for Moscow Interbank Currency Exchange (Micex)
which is spearheading efforts to organise trading in oil
IPE declined to comment on talks underway to extend that
relationship, but one possible avenue of exploration could be
the creation of a settlement mechanism to be implemented by
Micex for its crude futures.
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