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What Is The Future Of Emissions Trading?
By Tallat Hussain, James Read, Ingrid York | White & Case LLPSign up and get Breaking Energy news in your inbox.
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The US oil market has been moving on cold weather and the Keystone Pipeline’s southern leg activation, which is alleviating the glut of crude at the Cushing, Oklahoma storage hub. While most of the attention has been on whether President Obama will green light the northern portion of the pipeline, the southern portion was constructed… Keep reading →
The EIA’s Weekly Natural Gas Storage Report showed the largest inventory draw since the EIA started tracking the data in 1994. However, the withdrawal was slightly underwhelming, as analysts anticipated an even larger natural gas storage draw down resulting from increased heating needs during the recent extreme cold that blanketed much of the country. As… Keep reading →
Deutsche Bank changed its recommendation on shares of Cabot Oil & Gas – a major Marcellus and Eagle Ford Shale operator – causing that stock to move in today’s trading session. The investment bank is also optimistic on the US refining sector – putting a buy rating on Phillips 66 – formerly ConocoPhillip’s refining division.… Keep reading →
The CME Group, which holds a dominant position facilitating US futures trading in everything from interest rates to energy, recently increased its transaction fees for the first time in 4 years. The CME Group says the fee increases are necessary to fund additional resources and technology driven by electronic trading growth, but some claim the company… Keep reading →
Recent FERC Settlements Could Unravel Power Markets: Hogan
By Peter Gardett
Recent enforcement actions by the Federal Energy Regulatory Commission on alleged manipulation of US power markets are “alarming” and set a dangerous precedent that departs from previous cases, a Harvard professor and former International Association for Energy Economics president told energy traders gathered in New York City this week. FERC is endangering the functioning of… Keep reading →
By Jackie DeAngelis It’s getting cheaper for Americans to fill their tanks and heat their homes, but analysts warn that consumers are unlikely to show signs of an economic windfall. The national average for a gallon of regular gasoline now runs $3.31, down 13 cents in a month and lower by 28 cents from the… Keep reading →
By Rich Ilczyszyn This selloff is the real deal: Crude oil is getting zero help from a weaker dollar, as the market is in full liquidation mode, and is down another $1.50 on Wednesday morning. In early Wednesday trading, crude has dropped below $96.50, and has blown through most major support levels below $100 just this week. The next… Keep reading →
As new infrastructure is constructed to move oil in and out of the US storage hub in Cushing, Oklahoma, the volume and quality of the crude stored at any given time is becoming increasingly difficult to calculate, confounding traders of benchmark WTI. [Reuters] Former EPA chief Lisa Jackson took a job promoting energy efficiency at… Keep reading →
The financial industry’s indispensable tool – the Bloomberg Terminal – may have developed a chink in its armor, as competing products and services from Thomson Reuters and Markit give it a run for its money. Bankers, traders, fund managers and others got spooked when Bloomberg admitted its reporters had access to terminal usage data they… Keep reading →
