Press Release – Electricity Authority The New Zealand Electricity Authority has a services contract opportunity for providers of market making services to support the New Zealand wholesale electricity futures market. The Authority reviewed market making arrangements in the New Zealand futures …
The New Zealand Electricity Authority has a services contract opportunity for providers of market making services to support the New Zealand wholesale electricity futures market.
The Authority reviewed market making arrangements in the New Zealand futures market throughout 2020 and decided to procure market making services on a commercial basis.
The Authority is inviting organisations interested in providing market making services to give feedback on its proposed commercial market making scheme through a Request For Information (RFI), released today.
6,607 points.
Over in US political news, it seems the US Democratic Party is poised to win the US senate with wins in Georgia.
Here are some of the highlights from the ASX:
Oil rises
The oil price rose after it was reported that Saudi Arabia is going to cut oil production. According to reporting by various media, such as the
Australian Financial Review, Saudi Arabia is going to cut 1 million barrels of oil a day of production.
This caused the oil price to rise by around 5% to a 10-month high because the global oil market will receive less supply than what was expected.