For the purposes of trading on futures exchanges in London or New York, however, reference oils are used. These are standardised products used to determine the prices for all other types.
The European Union’s increasingly stringent F-gases regulation continues to pose new challenges for the refrigeration industry. Enacted to reduce the environmental impact of hydrofluorocarbons (HFCs), ...
New sources can exert a downward force on oil prices, even in times of heavy demand. Extraction costs are typically higher for new resources, meaning these oils are only competitive in lower-supply, ...