Oil & refined products
Oil prices: Risk of a fall?
Consensus forecasts predict lower oil prices next year, although a minority of analysts, sceptical that demand will fall, expect higher 2007 prices. Beyond 2008 the supply picture could be much tighter than generally thought, some experts say. Stella…
Barclays bullish on oil
Crude oil's recent slide is set to reverse with prices returning to over $70 by the end of the year, Barclays Capital says in its latest commodity research.
SGX AsiaClear to offer clearing on partials
The Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of OTC balance-of-month fuel oil 180cst and 380cst swaps from September 4.
DME partners with Emirates National Oil Co. to develop jet fuel futures
The Dubai Mercantile Exchange (DME) and Emirates National Oil Company (Enoc) subsidiary Enoc Supply & Trading LLC today announced the signing of a Memorandum of Understanding (MoU) to explore the development of the first exchange-traded jet fuel futures…
Citigroup rebuilds Asia commodities team
Citigroup has made several recent hires to its Asia commodities team in Singapore, mostly on the energy side. The US bank has been looking to add to the division since the departure to Merrill Lynch in April 2005 of commodities head Mark Long and most of…
David Davies, chief financial officer, OMV
David Davies has been the chief financial officer at Austrian oil and gas group OMV since April 2002. A trained chartered accountant, Davies has held senior financial roles in companies that span a variety of industry sectors, including chemicals,…
Gary King
Gary King, chief executive of the Dubai Mercantile Exchange, talks to Stella Farrington about his hopes for energy trading in the Middle East
TFS to broker oil in Dubai
TFS has become the first interdealer broker to open a desk in Dubai, where it will initially cover precious metals, but also plans to broker oil, freight and financial instruments.
DME on track for Q4 launch
The DME reveals the details of its first sour crude contract, while construction work begins on its trading floor
Asia's maritime centre
Traders hope that the arrival of freight and oil derivatives clearing for the first time in an Asian time zone will boost the growing FFA market in Asia