Oil & refined products
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Playing Russia’s game
Rachel Morison examines the current investor appetite for Russian oil E&P
ICE launches 20 OTC cleared oil contracts
IntercontinentalExchange (ICE) has introduced 20 new cleared OTC oil contracts, which will be available for clearing from May 18, 2009.
The Last Contango
Oil prices have remained in the doldrums so far this year, but the market took a surprising turn as it slipped into a contango at the end of 2008 that has so far remained in place. Pauline McCallion examines its causes and speaks to analysts about their…
Sovereign hedging lessons
Oil-hedging losses at Sri Lankan state-owned refinery Ceylon Petroleum Corporation are a lesson in the proper use of derivatives. By Joe Marsh
Russian revolution?
The news that TNK-BP will sell oil products on the St. Petersburg International Mercantile Exchange could signal a shift by Russia towards market mechanisms, Roderick Bruce reports
Measure for measure
Claims that the WTI price benchmark has become ineffective have led some in the oil industry to call for a new US marker for sour crude. Roderick Bruce measures industry reaction and the potential for a global sour crude benchmark
Q&A - Galena Asset Management - Ready to launch
Backed by commodity trading giant Trafigura, Galena Asset Management is launching an oil-focused energy derivatives fund to add to its existing metals and special situations funds. Roderick Bruce meets fund manager Claude Lixi to find out more
Oil Storage Data - Taking Stock
Volatile prices and perceived problems with WTI as a benchmark have triggered renewed calls for weekly European stock data to supplement US data. An EC directive is currently being discussed, but not everyone is in favour of this, finds Rachel Morison
Rosneft and TNK-BP trade on Saint Petersburg exchange
Russian oil companies Rosneft and TNK-BP have confirmed details of their trading activities on St. Petersburg International Mercantile Exchange (Spimex).
Low oil price puts supply growth at risk
Future oil supply growth could be hit by the fall from last July's peak price of $147 per barrel, according to a new study, with 7.6m barrels per day (bpd) at risk between 2009 and 2014.
Suncor bids for Petro-Canada
Suncor has announced plans to boost its oil sands portfolio through a merger with Petro-Canada that will see the combined entity operate under the Suncor name.
Paul Newman
To celebrate its 15th anniversary this year, Energy Risk brings you interviews with the veterans who have helped shape today's energy markets. Paul Newman, oil derivatives pioneer and managing director of Icap Energy, discusses the past 15 years in…
Paul Newman
To celebrate its 15th anniversary this year, Energy Risk brings you interviews with the veterans who have helped shape today's energy markets. Paul Newman, oil derivatives pioneer and managing director of Icap Energy, discusses the past 15 years in…
Deutsche Bank joins DME as clearing member
The Dubai Mercantile Exchange's membership committee has today approved Deutsche Bank as the 22nd clearing member of the exchange.
Renewed scrutiny for WTI benchmark
The effectiveness of the WTI price benchmark in reflecting the value of global crude oil has once again been brought into question, finds Pauline McCallion
DME oil benchmarks migrate to CME platform
Dubai Mercantile Exchange (DME) and Chicago Mercantile Exchange (CME) have completed the migration of three DME crude oil benchmark products onto the CME Globex platform.
Mercuria opens office in Nigeria
Oil and petroleum products trading group Mercuria Energy will open an office in Abuja, Nigeria on February 5.
Total moves to boost oil sands involvement
Total E&P Canada has announced an offer to acquire Toronto-listed UTS Energy (UTS) for C$617m.