Oil & refined products
Oil & gas sector stung by Obama budget proposals
Tax changes proposed in President Obama's 2010 budget have raised concerns in the US oil & gas industry about supply security and price volatility. Pauline McCallion reports
Full marks
Michel Marks, former chairman and board member of Nymex, tells Roderick Bruce about his role in taking the exchange from small potatoes to a cross-commodity powerhouse
The price isn't right
Former Saudi oil minister and head of Opec, His Excellency Sheikh Yamani, speaks to Roderick Bruce about his views on the past, present and future of the global crude oil markets
Rogue PVM oil deals not behind price spike say traders
Unauthorised trading in Brent futures contracts on June 30 by a staff member at oil broker PVM was not the main cause of a spike in oil prices, according to traders.
Charting 15 years of prices
David Linton looks back at the long-term trends for oil, gas & power and where prices might go next
In the beginning...
Some aspects of the energy markets are unrecognisable from 1994, while other issues remain remarkably similar. Stella Farrington looks at the landscape of 15 years ago and how it has moved on
Making markets
In the first of two articles tracing the beginnings of energy derivatives, Roderick Bruce talks to oil trading pioneers about the market’s formative years
Oil broker PVM hit by trading loss
Oil broker PVM today said it has lost just under $10 million due to unauthorised trading in Brent futures contracts on June 30.
IEA forecasts too optimistic says Barcap
Supply-side projections in the International Energy Agency's (IEA) Medium-Term Oil Market Report 2009 are "too optimistic" and "will be subject to substantial revisions in time," according to a research report by Costanza Jacazio, commodities analyst at…
IEA reduces predictions for oil demand
The recession has seen the IEA revise down its predictions for oil demand in 2013 by 3.3 mb/d, with consumption falling as low as 84.9 mb/d by 2014 in the worst case scenario, and demand for gas dipping for the first time in 50 years.
New chairman for BP
BP has announced that Carl-Henric Svanberg, the current chief executive officer of the Swedish telecommunications company Ericsson, will replace Peter Sutherland as the firm's chairman.
Revenues up in US E&P despite downturn
Exploration and production revenues of US oil & gas companies grew by 35% to $183.3 billion in 2008, according to a study by advisory firm Ernst and Young.
Dubai to price physical oil against DME Oman futures
Dubai Mercantile Exchange (DME) has confirmed that the Dubai Department of Petroleum Affairs (DPA) will set its official monthly selling price (OSP) for physical crude based on a differential to the settlement price of the DME's Oman Crude Oil Futures…
CME launches petroleum swaps and minute-marker energy contracts
CME Group today announced the launch of six financially settled petroleum swap futures contracts and six new minute-marker energy contracts, which will be available from mid-June.
Majors' contango play set to fade
Oil companies that profited from storing oil amid falling prices are unlikely to to see similar returns as the longer-term economic picture begins to brighten. Pauline McCallion reports
CME Group launches ethylene futures clearing services
CME Group has launched clearing services for a new Mont Belvieu ethylene futures contract, available June 14 for trade date of June 15.
Sheikh Yamani: Saudi Arabia unlikely to embrace oil futures
In an interview this week, former Saudi oil minister Sheikh Yamani told Energy Risk that futures trading on exchanges had turned the global crude oil market into a "casino".
Shell reorganises business structure
Royal Dutch Shell has announced a series of changes to its organisational structure including the merging of its upstream businesses and the launch of a new projects and technology business.
CME Group to launch cleared petroleum swaps
CME Group will launch a clearing service for eight new Nymex petroleum swap futures contracts on May 31.The contracts will be cleared through CME Clearport and are expected to appeal to both US and European airline industry for hedging and to the US…
Downturn changes oil & gas risk landscape
The oil & gas sector has been severely impacted by the global economic downturn, with new risks for the industry emerging that threaten the near-term survival and prospects of companies, according to a report from accounting firm Ernst & Young.
Platts price assessment proposals face scrutiny
Questions have been raised in the energy trading sector about Platts' decision to align its US fixed price and differential crude oil and products assessments at 3.15pm eastern time (ET).
OTC Global Holdings announces new crude options brokerage
New York based interdealer broker, OTC Global Holdings (OTCGH), has launched a new crude options brokerage called Riviera Commodities.