Platts
US energy speculation investigation begins anew
Original headline:
The latest effort by the US government to investigate the impact of speculation on oil prices has been met with cynicism by market participants. Pauline McCallion reports
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Alarm bells hit the market after China’s oil demand slump signals a possible unexpected slowdown in energy demand growth
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Launch of Platts thermal coal price assessment for India highlights the country's growing importance as a leading coal producer and importer
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More Platts articles
Global crude benchmark WTI is flawed, according to expert
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The global oil industry is increasingly turning away from WTI as a physical price benchmark, says industry consultant
China seen overtaking US as biggest oil importer in 2-3 years
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“In two to three years, China will be the largest global importer of crude oil,” Jorge Montepeque, global director of market reports for Platts, said at today’s Global Outlook for Oil event during IP Week.
Iraq adopts new pricing for US crude
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Somo, the Iraqi state-owned oil marketing firm, has followed in the footsteps of Saudi Arabia and Kuwait by adopting the Argus Sour Crude Index (ASCI) to benchmark price sales of US-bound crude from April onwards.
UPDATED: Nymex follows Saudi sour crude endorsement with new contracts
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Nymex is to launch two sour crude oil contracts after Saudi Aramco’s announcement this week that it will use the Argus Sour Crude Index (ASCI) as a benchmark for US sales from January 2010.
CFTC moves to force Platts to divulge trade data documents
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The US Commodity Futures Trading Commission (CFTC) has filed an application to enforce compliance with two document subpoenas issued to global publisher McGraw-Hill Companies, as part of its ongoing investigation of corrupt energy trading practices. The...
Ice and Prebon announce partnership
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Voice broker Prebon is to submit its trade records to IntercontinentalExchange’s (Ice) market data platform in a move the two companies say will boost price transparency in the energy markets. Under the agreement, New Jersey-based Prebon will...
No place for government in energy price reporting or clearing, says...
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Pat Wood, chairman of the US Federal Energy Commission (Ferc), has said he does not believe regulatory agencies should be involved in compiling energy price reporting. He also said the government has no place in suggesting that energy merchants should...
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