Oil Futures - India

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  • Topic: Chicago Board of Trade, Petroleum, Futures exchange
  • Pages : 1 (265 words )
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  • Published : January 7, 2013
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Oil Futures Market in India
There are primarily 3 major exchanges present in India
* Multi Commodity Exchange of India Ltd (MCX)
* India's No. 1 commodity exchange (85% Market share), 3rd largest in world in crude oil trades * Turnover of over Rs 90 Lakh Crore, daily turnover of Rs 10,000 crore in crude alone * National Commodity and Derivative Exchange (NCDEX)

* Ranked number 32nd in 2010 in the Futures Industry Association's global list of top 53 derivatives exchanges * Profit after tax for 2011 was Rs. 3120 Lakhs
* National Multi Commodity Exchange of India Ltd (NMCE)
Sample of Current Market Prices:

Sample form for Contract Details:

Oil Futures Market in India
The Indian commodity futures volumes have grown 5.5 times from Rs.20.53 trillion in 2005-06 to Rs.112.52 trillion in 2010-11. Currently, the average monthly volume on the Indian commodity exchanges is Rs.6 trillion. Crude oil accounts for nearly 40% of the global energy demand and Indian crude oil demand in February 2012 has risen to the second-highest level on record, supported by robust diesel and gasoline consumption. In 2012, the demand for Organisation of Petroleum Exporting Countries' (OPEC) crude is projected to average 30 million barrels per day (mb/d). The most recent monthly data shows there has been robust growth in trading in crude oil derivatives also. Today "Crude Oil" is considered as world largest traded commodity. It's there on the hit list of active traders. Retail and small traders can also enjoy the exposure of such vast market by paying a minuscule amount as margin.
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