Trading

Trading Giant Vitol Agrees to Settle Latin American Bribery Case

Trading Giant Vitol Agrees to Settle Latin American Bribery Case

The U.S. affiliate of Swiss commodities giant Vitol Inc. has admitted to bribing Brazilian, Ecuadorian and Mexican officials over the course of more than a decade in exchange for illicit competitive advantages. Vitol agreed to pay $135 million to resolve the U.S. Department of Justice’s investigation into the schemes to pay off government officials in…

December 10, 2020
TruMarx CEO Sees Digitalization as Key to Meeting Growing LNG Trading Requirements

TruMarx CEO Sees Digitalization as Key to Meeting Growing LNG Trading Requirements

Jon Olson, co-founder of TruMarx Data Partners Inc., believes the liquefied natural gas (LNG) business is “hamstrung” by antiquated processes to buy and sell the super-chilled fuel, but his company is among many that are racing to digitalize the space and boost liquidity with a modern trading platform. NGI: Can you briefly explain TruMarx’s business…

December 7, 2020
Tokyo Gas Establishes LNG Trading Unit Under Plans to Strengthen Global Operations

Tokyo Gas Establishes LNG Trading Unit Under Plans to Strengthen Global Operations

Tokyo Gas Co. Ltd., one of the largest buyers of liquefied natural gas (LNG) in Japan, said Tuesday that it has established a new company to more actively trade the super-chilled fuel as it looks to strengthen its hand in the global market.  TG Global Trading Co. Ltd. (TGT) has been established to build on…

September 1, 2020
LNG Q&A: Emsurge Founder Talks Technology, Better Connecting Global Natural Gas Market

LNG Q&A: Emsurge Founder Talks Technology, Better Connecting Global Natural Gas Market

Editor’s Note: The following segment is one in a series by NGI’s LNG Insight focused on exploring how the global liquefied natural gas (LNG) market works. The conversations in this series will also analyze news and the issues that matter most to the industry in North America and beyond. Melissa Lindsay is the founder of…

July 14, 2020

With Cove Point Shale Gas Exports Underway, ICE’s Updated Product Reflects Shifting Market

With exports underway at Dominion Energy Inc.’s Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, the Intercontinental Exchange (ICE) has launched a physical trading product to reflect the changing market dynamics at the facility.

June 21, 2018

Weather Models In Disagreement; November Seen 4 Cents Lower

November natural gas is set to open 4 cents lower Wednesday morning at $2.93 as overnight weather models run into conflicts over forecast cooling. Overnight oil markets were mixed.

October 25, 2017
August Reported Volumes More than Double in Mexico’s Latest NatGas Price Index

August Reported Volumes More than Double in Mexico’s Latest NatGas Price Index

Natural gas trading volumes reported to the Mexican energy regulator in August more than doubled over the previous month.

October 3, 2017

Futures Getting A Lift Off Near Term Weather; October Called 3 Cents Higher

October natural gas is expected to open 3 cents higher Tuesday morning at $2.98 as weather patterns post-Irma call for a warming trend in key markets. Overnight oil markets rose.

September 12, 2017

Trader Eyeing $3.14 Futures, Yet October Called 2 Cents Lower

October natural gas is set to open 2 cents lower Friday morning at $2.96 as Irma-related issues inject a greater degree of uncertainty than normal into overnight weather data. Overnight oil markets were narrowly mixed.

September 8, 2017

Selling Interest Waning, Trader Says; September Called 3 Cents Higher

September natural gas is expected to open 3 cents higher Wednesday morning at $2.85 as traders study indicators showing a lack of selling. Overnight oil markets were mixed.

August 9, 2017
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