International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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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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