Oil & refined products
UBS sells base metals and energy business to Barcap
UBS today announced that it will sell its positions in base metals, oil and US power & gas to Barclays Capital.
New Chicago petroleum contracts to be listed on ClearPort
CME Group has launched four Chicago petroleum contracts on its ClearPort trading platform.
Vattenfall Trading founds shipping company
Vattenfall Trading Services has founded Copenhagen-based shipping company VT Shipping after acquiring three barges and three tugs from a Danish shipping company late last year.
Oil price slump hits Canadian oil sands production
The precipitous drop in oil prices has had a significant impact on projected oil sands production, finds Pauline McCallion
Oil change
George W. Bush ruled that the US Strategic Petroleum Reserve was to be released in significant amounts only in a national emergency. But incoming US president Barack Obama could change that, finds Susan Arterian
Refiners feel the squeeze
While crude oil prices have undergone a 70% decline since July, gasoline has dropped by 75%, taking the crack spread into negative territory. Eric Fishhaut of GlobalView Software looks at this unusual phenomenon
CME launches dual listing of oil and gas options
CME Group has announced the dual listing of financially settled crude oil, Brent crude oil and natural gas calendar spread options on the New York trading floor and ClearPort Clearing.
Plastics futures to launch on DGCX
The Dubai Gold and Commodities Exchange (DGCX) is set to launch two plastics futures contracts on February 5. The region-specific contracts for the Middle East and Southeast Asia will be offered on linear low-density polyethylene (LLDPE) and…
Growth in US oil consumption to slow significantly
The latest Annual Energy Outlook (AEO) from the Energy Information Administration (EIA) has forecast virtually no growth in 2009 US oil consumption for the first time in more than 20 years.
Global oil demand to slump
Global oil demand is set to fall this year and next, marking the first consecutive two-year decline in three decades, according to the Energy Information Agency (EIA).
Slipping and sliding away
Are fundamentals behind oil's steep price increase and subsequent fall, or was it the bursting of a speculative bubble? Mauricio Bermudez-Neubauer and Paulo Homem Cristo of Point Carbon assess the impact of fundamental and non-fundamental drivers on…
JP Morgan launches commodity fund
JP Morgan today launched its Commodity Curve Index Energy Light Fund.The open-ended fund has been designed to replicate the performance of the JP Morgan Commodity Curve Index Energy Light Total Return, the most recent index to be added to the JP Morgan…
Morgan Stanley back trading in Platts oil window
Platts has confirmed that Morgan Stanley has resumed trading in its Asia oil window for the first time since September, indicating that credit issues surrounding the bank, and the wider markets, may be improving.
DME to list products on CME Globex
The Dubai Mercantile Exchange (DME) has announced plans to list its contracts exclusively on the Chicago Mercantile Exchange (CME) Globex platform.
End of the boom?
Canadian oil sands production has grown rapidly in recent years, but are rising project costs and falling oil prices now jeopardising projects? Pauline McCallion investigates
Where next for oil prices?
Despite recent steep losses, oil remains in a long-term uptrend, although this is under serious pressure. A technical analysis suggests risk remains greatest to the downside, writes David Linton of Updata