Oil bourse
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An oil bourse is a commodities exchange where energy commodities such as crude oil and natural gas are traded. Examples include the New York Mercantile Exchange and the Intercontinental Exchange.[1][2]
In 2005, an Iranian oil bourse was announced and promised to offer an alternative to trading oil in petrodollars, using instead the petroeuro as its trading currency.[3][4] Despite several attempts to implement it over one and a half decades, the Iranian oil bourse never got off the ground and in January 2020 was officially cancelled.[5]
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