Hedging figures show doubt over US crude export plans
Producers sceptical that better infrastructure will allow US exports to relieve crude pressures
Morgan Stanley sees flurry of moves amid physical sales
Other commodities moves at Mercuria, EDF Trading, BTG Pactual & PVM
Rogue trader highlights benefits of real-time trading firewalls
Suspected oil rogue trader costs company £6 million
Daily news headlines
Nymex fires opening shots for ICE
Nymex has made a $150 million cash bid for the Atlanta-based Intercontinental Exchange (ICE), and would also pay $67 million to shareholders of the International Petroleum Exchange (IPE), according to a senior Nymex official.
UK energy brokers form association
Nine brokers operating in the over-the-counter energy markets in the UK formed the London Energy Brokers’ Association (LEBA) in July.
FMCL launches Asian oil forward curve data
The Forward Market Curve Limited (FMCL) has launched the first module of its ForwardMarketCurve (FMC) product – an all-broker methodology for achieving robust and accurate price discovery in forward commodity markets.