International Journal For Multidisciplinary Research
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Volume 6 Issue 6
November-December 2024
Indexing Partners
Comparative Study of Exchange Traded Energy Products Worldwide and Potential Areas in India
Author(s) | Vipul Sharma, Shyam Vashishtha |
---|---|
Country | India |
Abstract | The globalization of trade in Indian economy and relatively free movement of financial assets, risk management through derivatives products has become a necessity in India. Until the 1970s, the price of oil was relatively stable with production largely controlled by the biggest oil companies. The 1970s transformed the industry forever. Two oil price shocks meant that price volatility became a fundamental feature of the market, short-term physical markets rapidly evolved, and the need to hedge emerged. India is one of the non-OPEC countries much dependent on its imports to fulfill the domestic consumption demand as it has a much lower level of production. India is a developing country and the requirement for the oil as a primary energy constituent from the industries in the country is at its peak. By systematically examining and analyzing both information collected through this research in major countries with key figures of the oil prices in trading exchange, and a wide range of information that is in the public domain, this paper foresees trends in exchange traded energy products, prices, and presents actions that India should initiate. |
Keywords | crude oil trade, exchange platform, contract specifications, price volatility, oil prices. |
Field | Business Administration |
Published In | Volume 5, Issue 3, May-June 2023 |
Published On | 2023-05-17 |
Cite This | Comparative Study of Exchange Traded Energy Products Worldwide and Potential Areas in India - Vipul Sharma, Shyam Vashishtha - IJFMR Volume 5, Issue 3, May-June 2023. DOI 10.36948/ijfmr.2023.v05i03.3060 |
DOI | https://doi.org/10.36948/ijfmr.2023.v05i03.3060 |
Short DOI | https://doi.org/gr8p6v |
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