Oil & refined products
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
Brian O'Cathain, CEO, Afren
Brian O'Cathain, CEO of oil exploration company Afren, talks with Eithne Treanor about the risks and rewards facing small oil companies in Africa.
Exchanging futures
There's no doubt that Andy Gooch takes the helm at Nymex Europe Limited in interesting times. While NEL's trading floor is in danger of closure, arch rival IntercontinentalExchange's new WTI contract has gained significant volume
Air India starts fuel hedging
Air India has become the first airline in India to hedge its jet fuel price risk, using commodity derivatives contracts at the end of February for the first time.
Nymex’s side-by-side trading seen as deathknell to floor
The New York Mercantile Exchange (Nymex) will introduce side-by-side electronic and open-outcry trading in its physically settled energy futures contracts in the second quarter of 2006.
Ice Futures to launch WTI contract
Ice Futures will launch a cash-settled West Texas Intermediate (WTI) light sweet crude oil futures contract on February 3. The contract will be automatically available to all users with access to Ice Futures oil contracts.