Energy refers to material resources that can produce energy, such as fuel, petroleum processing products and electricity. These are exploitable energy sources because they can be easily converted into other types of energy for specific uses. In nature, energy can take several different forms: thermal energy, electrical energy, radiant energy, chemical energy, etc. Many of these forms can be easily converted into another with the help of utilization devices such as; from chemical energy to electrical energy using batteries. But most of our existing energy comes from the sun. The production and consumption of energy resources is very important to the world economy. Whether it is producing goods, providing transportation, or making computers and other equipment operate normally, all economic activities require energy resources, which can be said to be one of the important means of production in the industrial era.
| Trading commodities | OIL | UKO | NGAS |
|---|---|---|---|
| transaction hour: Beijing time |
Monday 06:00 am to Saturday 04:00 am (summer time) Monday 7:00 AM to Thursday 5:59 AM, Friday 7:00 AM to Saturday 5:49 AM(winter time) |
Monday 08:00 am to Saturday 04:00 am (summer time) Monday 9:00 AM to Thursday 5:59 AM, Friday 9:00 AM to Saturday 5:49 AM(winter time) |
Monday 06:00 am to Saturday 04:00 am (summer time) Monday 7:00 AM to Thursday 5:59 AM, Friday 7:00 AM to Saturday 5:49 AM(winter time) |
| Settlement time: Beijing time |
05:00-06:00 daily (summer time) 05:00-06:00 daily (winter season) |
05:00-06:00 daily (summer time) Daily 05:00-06:00 am (winter season) |
05:00-06:00 daily (summer time) 05:00-06:00 daily (winter season) |
| Contract expiry date: Beijing time |
Monday 06:00 am to Saturday 04:00 am (summer time) Monday 07:00 am to Saturday 05:00 am (winter time) |
Monday 08:00 am to Saturday 04:00 am (summer time) Monday 09:00 am to Saturday 05:00 am (winter time) |
Monday 06:00 am to Saturday 04:00 am (summer time) Monday 07:00 am to Saturday 05:00 am (winter time) |
| Settlement time: Beijing time |
05:00-06:00 daily (summer time) 05:00-06:00 daily (winter season) |
05:00-06:00 daily (summer time) 05:00-06:00 daily (winter season) |
05:00-06:00 daily (summer time) 05:00-06:00 daily (winter season) |
| unit | 1000 barrels | 1000 barrels | 10,000 million British thermal units(mmBTu) |
| Minimum price fluctuation | $0.01 | $0.001 | $0.001 |
| price limit distance | 30 pip spread | 300 pip spread | 200 pip spread |
| Minimum transaction volume | 0.01 | 0.01 | 0.01 |
| Bid-ask spread | 5 ideas | 50 ideas | 130 ideas |
| Unit handling fee | $50/standard contract | $50/standard contract | $50/standard contract |
| Basic margin | STP: USD 1,200/standard contract ECN: USD 600/standard contract |
STP: USD 1,200/standard contract ECN: USD 600/standard contract |
STP: USD 1,200/standard contract ECN: USD 600/standard contract |
| Margin on weekdays | USD 3,600/standard contract | USD 3,600/standard contract | USD 2,400/standard contract |
| Inventory fee calculation | Buy (per contract): -8 Sell (per contract): -3 | Buy (per contract): -8 Sell (per contract): -3 | Buy (per contract): -3 Sell (per contract): -3 |