Commodities

Federal Reserve Proposes Tougher Commodities Limits on Banks

The Federal Reserve Board (FRB) issued a proposed rule calling for tougher limits on the physical commodity activities of financial holding companies (FHCs), citing the risks of such investments in the event of an environmental catastrophe.

September 26, 2016

LNG HHP Applications Struggling with Low Commodity Prices

A niche exists in the portable oilfield and remote power generation sector, but liquefied natural gas (LNG) in these high-horsepower (HHP) applications is struggling to compete with diesel because low commodity prices have narrowed the gap for the two alternatives, a Prometheus Energy executive said Tuesday.

May 25, 2016

Deutsche Bank Reportedly Selling North American NatGas Trading Book

Deutsche Bank has sold its natural gas trading book to Morgan Stanley, a source familiar with the deal confirmed to NGI.

August 21, 2014

Federal Reserve Pursues Question of Banks in Commodity Markets

Citing disasters involving commodities, from the Macondo oil spill in the Gulf of Mexico to recent crude oil tanker train crashes to the Three Mile Island nuclear leak in 1979, the Federal Reserve Board on Tuesday said it was re-examining the risk involved in the physical commodity activity of financial holding companies (FHC). The banking agency issued an advance notice of proposed rulemaking seeking comment on how to limit risk.

January 14, 2014

JPMorgan’s Energy Trading Arm Facing More Scrutiny

The Department of Justice (DOJ) reportedly is investigating whether JPMorgan Chase & Co. has manipulated U.S. energy markets, but neither the department nor the company will comment on the reports.

August 22, 2013

U.S. Shale Gas Lifting E&P Proven Reserves

Onshore drilling efficiencies in domestic shale gas plays continue to increase, per-unit costs continue to fall, and together, they given a big boost to operators’ proven reserves, by one calculation.

June 14, 2013

ExxonMobil, Chevron Output Slips

ExxonMobil Corp., whose international portfolio more often than not has fortified it from the ups and downs of the volatile commodities market, failed to outrun global uncertainty and lower U.S. natural gas prices in the third quarter, with profits off 7% year/year to $9.6 billion, $750 million less than a year ago. Production also declined to its lowest level in three years.

November 5, 2012

ExxonMobil Profits, Output Slip, But Portfolio Additions Continue

ExxonMobil Corp., whose international portfolio more often than not has fortified it from the ups and downs of the volatile commodities market, failed to outrun global uncertainty and lower U.S. natural gas prices in the third quarter, with profits off 7% year/year to $9.6 billion, $750 million less than a year ago. Production also declined to its lowest level in three years.

November 2, 2012

Compton Cites Low Natural Gas Prices in Sale

Canadian natural gas explorer Compton Petroleum Corp. on Monday agreed to a C$33 million friendly takeover bid by New York-based MFC Industrial Ltd., a global commodities trader.

July 10, 2012

Old Man Coal Getting Mugged by Cheap Gas

Natural gas and coal producers have a couple of gripes in common: mild weather and high stockpiles of both commodities. But they’re not likely to be seen drowning their sorrows together as gas continues to undercut coal on price and swipe market share among power generators.

April 9, 2012
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