Oil & refined products
Commodities trading volumes boom in 2007
Trading volumes of commodities on the Chicago Mercantile Exchange’s Globex platform, consisting of New York Mercantile Exchange (Nymex) energy contracts and Comex metals, reached record levels in 2007, as did annual volumes at Atlanta-based…
Mercurial talents
Led by oil traders Marco Dunand and Daniel Jaeggi, Mercuria Energy Group's turnover has grown fivefold in only three years. Roderick Bruce talks to Dunand, Mercuria's head of global trading, about the company's rapid expansion and its plans for 2008 and…
Open outcry fading away as Nymex fends off rivals
New York Mercantile Exchange (Nymex) chairman Richard Schaeffer said today that 80% of the exchange’s business is now done electronically, as the open outcry trading floor becomes “less and less meaningful”. He also outlined ambitious plans for 2008, and…
Oil & gas construction costs reach new high
Costs associated with constructing new oil & gas facilities have surged to a record high, says Cambridge Energy Research Associates (CERA).
Japan Airlines teams up with SolArc
Japan Airlines (JAL) has selected SolArc RightAngle as its Next Generation Fuel Administration System (NGFAS).
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.
JP Morgan and Chemoil form alliance
Investment bank JP Morgan and fuel supplier Chemoil Energy have formed a strategic alliance to cross-market physical and financial energy products to their respective clients.
Closer to the asset
As physical oil trading is increasingly influenced by supply and logistics issues, integrating specialised operational aspects into commercial risk models has become key. David Newton, CEO of TradeCapture, looks at how these challenges are changing…
Counting the costs
The cost of much needed oil exploration and production projects has spiralled recently. Roderick Bruce looks at what is driving the cost rises and what their effect may be
The hunt for talent
Demand for experienced oil traders has never been fiercer with ever more companies competing for a finite talent pool. Securing oil traders in 2008 will be tough, and some firms may be forced to alter their business models in order to survive, writes…
Crude price surges past $95
Crude oil futures closed at a new record high Wednesday, driven by U.S. crude inventories dropping to the lowest level in two years and a falling dollar following the Federal Reserve’s rate cut.
Crude oil sets new price record
Crude oil futures closed at a new record high Monday, driven by tight fundamentals, geopolitical tensions and a production setback in Mexico.
New price record for crude
Crude oil futures closed at a new record high Friday, driven by tight fundamentals and geopolitical tensions.
ODL brokers record gas oil options deal
ODL Securities brokered the largest ever deal in exchange-traded gas oil options in September.
Crude hits all time high of $88, more upside seen
Oil price risk remains to the upside after it shot through $88 a barrel Tuesday on declining US stocks and growing geopolitical tensions in the Middle East, analysts say.
BP restructures to “close performance gap”
Oil company BP has announced it will restructure its business as part of a global initiative to close a performance gap with its rivals.
Crude oil futures pass $80
West Texas Intermediate for October delivery closed at $80.09 a barrel in trading on the New York Mercantile Exchange Thursday, driven by continued concern about a report from the US Department of Energy showing that US crude inventory had fallen for the…
Yukos lawyers granted Chevron order
Lawyers for Mikhail Khodorkovsky, former CEO of Russian oil company Yukos, have announced that a US magistrate has granted them access to Yukos-related due diligence documents held by US oil company Chevron.