Iran has launched its futures contracts for the Inaphtha and methanol trades for the first time in the history of its energy exchange market
According to experts, futures are some very important instruments for the market balance. If other energy carriers and especially oil, gas and petrochemical companies join Iran’s energy exchange on futures platform, Iran’s crude oil and gas is capable enough to be turned into a benchmark for pricing in the region
Futures contracts are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined date and price in the future
The launch of futures trade market at Iran’s Energy Exchange will contribute to further transparency and predictability of Iran’s economy