Global Commodities 2013
LONDON Italian oil major Eni is looking to expand its trading operations in the United States and will study assets currently offered for sale by rivals, a senior executive said.
LONDON A decades-old rivalry between banks and trading houses in commodities markets is taking new forms, as banks adjust to tighter regulations and merchant traders mount increasingly sophisticated challenges.
NEW YORK U.S. merchant Freepoint Commodities is still open to potential trading asset acquisitions after losing out on one deal this year, Chief Executive David Messer said, signaling he may yet take part in the industry reshuffle.
NEW YORK In 2012, it was the oil tanker-truck trade. This year, the oil-by-rail boom inundated the U.S. East and Gulf coasts. In 2014, the shale revolution hits the water, says U.S. commodity merchant Freepoint Commodities.
HOUSTON BNSF Railway Co's North Dakota Bakken crude shipments are rebounding due to lower U.S. crude prices after shrinking in recent months when prices rose, Chief Executive Matt Rose said on Thursday.
LONDON China may have overtaken the United States as the world's biggest oil importer, but America is now the land of opportunity for traders looking to profit off energy markets, thanks to changes brought by the shale gas revolution.
HOUSTON The new head regulator of the U.S. offshore oil patch says the effort to avert another disaster like 2010's BP Plc Macondo well blowout may never be finished, and that experts at a national laboratory are helping it model deepwater risks.
HOUSTON Power companies operating in competitive U.S. power markets are struggling to make money under rules and regulations that were not designed for the rapidly changing electricity landscape, a top power company executive said on Wednesday.
LONDON The U.S. shale boom is causing a cascading series of changes in global energy markets that are altering the landscape for oil trading houses and opening up new ways for them to profit, a leading Swiss trader said.
HOUSTON North American energy companies are expected to spend 10 percent more next year as they drill shale wells requiring bigger hydraulic fracturing jobs in order to maximize recovery of oil and gas, a U.S.-based portfolio manager said on Tuesday.
MELBOURNE Chinese metals producer MMG Ltd expects copper prices to hold around current levels in the medium term, with the market supported by solid growth in demand and new mines ramping up more slowly than projected.