Japan eyes Abu Dhabi buffer for Middle East crude
Top Japanese energy players are among the anchor investors named for a new exchange in Abu Dhabi for crude futures. Crude cargoes traded on this platform will not be exported via the troubled Strait of Hormuz. Nikkei Asian Review cited this facet as a key motivation for the investment
Japanese buyers are seeking peace of mind from having to deal with potential disruptions to their crude shipments out of the Middle East by picking up stakes in a new Abu Dhabi exchange