On Sept. 23, 2016, the Federal Reserve issued proposed rules that could put pressure on investment banks, such as Morgan Stanley and Goldman Sachs, to divest certain energy assets and energy trading activities.
Commodities Trading
Federal Reserve Proposes Rules Aimed At Banks Owning, Trading And Moving Commodities
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We will never sell or share your information without your consent. See our privacy policy.SEC Adopts Resource Extraction Rules
By Stephen M. Quinlivan | Stinson Leonard Street - Dodd-Frank and the Jobs Act
Responding to a court order, the SEC adopted rules to require resource extraction issuers to disclose payments made to governments for the commercial development of oil, natural gas or minerals.
Energy News Roundup: China Moves ‘Provacative’ Rig, Thin-film Solar Panel Price Spike & Commodities Trading Changes
By Jared Anderson
A rig that had been doing exploratory oil and gas drilling in contested South China Sea waters completed its operations about a month early and was moved from the area earlier this week. “Hanoi had said the rig was in its 200-nautical-mile exclusive economic zone and on its continental shelf. Beijing had said it was… Keep reading →
Energy News Roundup: Banks, Commodities, Putin’s Energetic Confidence and Oil by Rail Regulations
By Jared Anderson
Some banks are sticking it out in commodities as several others exit the business amid onerous regulations and decreasing profitability. The banks that stick around – including Goldman Sachs – face less competition. [Bloomberg] Putin feels emboldened by the fact that major western oil companies remain committed to Russia despite the current souring of relations… 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 →
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 →
The decade long reformation of energy trading now looks to be only the opening act of a transformation that Dodd Frank regulation and a newly aggressive – and costly – approach by federal regulators is set to propel into its next stage. Deregulation of energy markets, only partially finished by federal regulators before the collapse… Keep reading →
A high frequency energy trading firm is being charged by federal regulators Monday with manipulating markets through “spoofing,” an increasingly frequent scheme in which false bids are submitted and then pulled back, the Commodities Futures Trading Commission said. The civil action against Panther Energy Trading of Red Bank, N.J., and owner Michael J. Coscia, is… Keep reading →
