Japan
China seen overtaking US as biggest oil importer in 2-3 years
“In two to three years, China will be the largest global importer of crude oil,” Jorge Montepeque, global director of market reports for Platts, said at today’s Global Outlook for Oil event during IP Week.
Markets shaken by emissions trading certificate hackers
Market participants are worried they could be holding fraudulent European Union carbon allowances (EUA), after computer hackers launched an alleged phishing attack on the German Emissions Trading Authority (DEHSt).
Japan and Singapore move towards carbon trading
Japan and Singapore both announced steps towards establishing domestic markets for carbon trading this week.
Japanese brokers face testing times
Plummeting volumes in Japan's commodity futures markets have forced many Japanese commodity brokerages out of business. Katie Holliday reports