International Petroleum Exchange


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International Petroleum Exchange (IPE)

Energy futures and options exchange based in London.

International Petroleum Exchange

Futures and options exchange for energy commodities. Based in London and founded in 1980, the exchange deals with contracts on electricity, oil, natural gas, coal, and carbon emissions allowances. Notably, Brent Crude futures, one of the world's leading oil price indicators, trades on the IPE.
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From April 1, 2000, Saudi Aramco will base the pricing of its European crude oil sales on a trade-weighted average of Brent futures prices on London's International Petroleum Exchange (IPE), and will thus drop the peg to Dated Brent.
On the International Petroleum Exchange in London, the benchmark North Sea Brent crude for May delivery also registered a record intraday high of $57.
On Monday, Brent crude - oil found in the North Sea and traded on the International Petroleum Exchange in London - hit a new high at 46.
Brent crude -( oil found in the North Sea and traded on the International Petroleum Exchange in London (earlier hit a new high at $46.
US Energy Secretary Spencer Abraham, on a visit to the International Petroleum Exchange in London, said America had already started building up its reserves and advised other countries to follow suit.
Oil prices surged, hitting $30 a barrel and forcing the London International Petroleum Exchange to suspend trading because of the rush of business.
NYMEX and London's International Petroleum Exchange (IPE), the world's biggest energy futures markets, are negotiating a merger which would lead to the first global oil exchange in the world as from early 1999.
On the International Petroleum Exchange in London, the benchmark North Sea Brent crude for April delivery also registered a record intraday high of $56.
London's International Petroleum Exchange (IPE) was shut for the bank holiday and will reopen today.
On London's International Petroleum Exchange, September Brent crude futures rose 0.
The pair were among about 30 people protesting outside the International Petroleum Exchange (IPE) in St Katharine's Dock, near Tower Bridge, London.
Oil prices were in focus as the International Petroleum Exchange reopened after Christmas for trading in Brent crude.

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