United States

Global Commodities 2013

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Eni looking to expand U.S. energy trading

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.

Banks, traders morph roles in commodity market rivalry

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.

Unlucky once, U.S. trader Freepoint still open to deals

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.

U.S. shale oil trade goes waterborne in 2014, says Freepoint

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.


BNSF crude shipments ramping back up after price swing

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.


What China? Energy traders see money in the good old USA

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.


U.S. offshore oil regulator sees growing safety culture

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.


U.S. power companies struggle to profit: executive

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.


Oil traders play shale boom's knock-on effects

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.


Frost fund manager sees 2014 North America energy capex up 10 percent

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.


China's MMG sees copper price steady, zinc market balanced

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.


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