ine in A Sentence

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    Ine diameter: 1.2mm, 6m length.

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    2

    From: Ine Archiv The economy in Baiona is focused on tourism.

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    The results of the Ine's official quick count were announced around midnight Mexico City time.

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    Ine 2017 is co-organised by DAE(Department of Atomic Energy) and supported by NPCIL(Nuclear Power Corporation of India Ltd.).

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    So far, it appears that participation by Western oil companies, traders and investors in the Ine has been limited.

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    The Ine has approved six bonded storage sites at eight locations in China, with a total usable capacity of 19.8 million barrels.

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    7

    This raises the risk that the Ine contract effectively becomes a ChInese domestic vehicle for investors to"play" in the crude oil market.

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    The Ine contract offers seven grades of Middle Eastern and domestic crude for delivery to various locations in China, the world's largest oil importer.

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    9

    The territory of the Aroma province has an area of 4.510 Km2 and a population of 105.898 inhabitants(Ine- 2008) AI Este limita con el departame.

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    10

    This equates to about $69.87 a barrel, meaning there is only a tiny premium of 54 cents a barrel currently between the Ine and DME equivalent contracts.

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    11

    The yuan-denominated contracts were launched on March 26 by the Shanghai International Energy Exchange(Ine) and are enjoying trading volumes averaging around 80,000 a day, with the open interest around 16,000.

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    12

    It's also the nature of the volumes on the Ine that may be cause for concern, with trade dominated by ChInese players, including the major state-owned refIners, smaller traders and retail investors.

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    13

    But perhaps the biggest challenge face the Ine contract is the fact that it is effectively based in a demand centre, rather than a production centre, as are the other major oil futures.

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    14

    Nonetheless, the volumes and open interest compare very favourably to those of the DME contract, which is perhaps the best comparison given that Oman crude is similar in quality to the grades being offered by the Ine.

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    15

    The Ine contract will be pioneering a different type of future, with the specifications showing that each contract will be for a volume of 1,000 barrels, and the deliverable crudes being a mix of tradable Middle Eastern medium-sour grades, as well as Shengli, a domestic crude.

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    16

    There is nothing wrong with this mix per se, but the Ine contract may end up like the iron ore futures on the Dalian Commodity Exchange insofar as they attract huge volumes, but mainly from domestic players who respond more to local news flows than market fundamentals.

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