Edition:
United States

Jeanine Prezioso

Houston energy hedge fund AAA Capital to close at year's end

Dec 02 2014

NEW YORK, Dec 2 Energy hedge fund AAA Capital Management Advisors will shut its doors and return investor money at the end of the year as traders continue suffering lackluster returns amid a structural change in energy markets.

More volatility expected as Fed rate rise looms – Cumberland Advisors’ David Kotok

Oct 01 2014

“We are in a new period of volatility and it's been developing for the last two or three months,” David Kotok, chairman and chief investment officer of investment advisory firm Cumberland Advisors told the Global Markets Forum on Wednesday. “When you suppress all interest rates to zero you dampen volatility and you distort asset pricing. Now the outlook for interest rates is changing so we are restoring volatility.”

BP snares offtake for Canada's Come by Chance refinery from Macquarie - source

Sep 05 2014

NEW YORK BP Plc has secured the supply and offtake deal for Canada's Come by Chance refinery in Newfoundland from Macquarie Bank Ltd[MBL.UL] following the sale of the plant, a source familiar with the situation said on Friday.

Exclusive: Billionaire philanthropist Arnold turns to pension reform

Jun 03 2014

NEW YORK Billionaire philanthropist and former heavyweight natural gas trader John Arnold became aware of the ailing U.S. public pension system years ago, before unprecedented municipal bankruptcies highlighted the gravity of the situation.

EXCLUSIVE-Billionaire philanthropist Arnold turns to pension reform

Jun 03 2014

NEW YORK, June 3 Billionaire philanthropist and former heavyweight natural gas trader John Arnold became aware of the ailing U.S. public pension system years ago, before unprecedented municipal bankruptcies highlighted the gravity of the situation.

Barclays pulls down shutters on European, U.S. power trading desks

Feb 25 2014

NEW YORK Britain's Barclays Plc said on Tuesday it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.

Harsh U.S. winter roils natgas market, upends some strategies

Feb 24 2014

NEW YORK When volatility returned to the U.S. natural gas market this winter after years of sleepy trade, the wild price swings created unexpected winners and losers.

Extreme U.S. winter roils natural gas market, upends some trading strategies

Feb 21 2014

NEW YORK When volatility returned to the U.S. natural gas market this winter after years of sleepy trade, the wild price swings created unexpected winners and losers.

Cargill loses $100 mln in U.S. winter energy trade -SparkSpread

Feb 20 2014

NEW YORK, Feb 20 Global commodities trader Cargill Inc lost at least $100 million after a weeks-long bout of frigid weather in the United States sharply lifted power and natural gas prices, an industry publication reported on Thursday.

Shareholders sue oil driller Continental CEO over pipeline investment

Feb 10 2014

NEW YORK, Feb 10 A group of minority shareholders in oil driller Continental Resources is suing chief executive Harold Hamm, alleging that Continental's nearly $100 million investment in a pipeline being built by another firm he controls will benefit him at their expense.

World News