11/9/2014Platts announced yesterday that the “Saudi Aramco Products Trading Company …. intends to take part in the Asia Platts Market on Close assessment process for fuel oil, gasoil, gasoline, jet fuel and naphtha swaps”.BackgroundThis is a curious development. It comes at a time when industry...
The fate of oil and gas offshore Scotland if there is a yes vote next month has attracted many column yards in the last few months. Conventional wisdom, never a reliable source, suggests that the licences to explore and produce oil and gas in the...
I am in the uncomfortable position of having my crude oil trading book cited on a pro-Scottish Independence campaign website, http://www.wealthynation.org/a-letter-to-the-first-minister/. This despite the fact that I have been tying myself in knots for weeks trying to avoid giving an opinion on whether I am...
The new and tighter financial regulation that has been introduced gradually since the banking crisis, such as Dodd frank and EMIR, is having the well-publicised consequence that US and European banks are withdrawing from providing market-making and financing services in the independent E&P and refining...
