The world’s next ‘leap second’ event will occur on June 30, 2015 — and, for the first time ever, according to the Futures Industry Association (FIA), it will happen “during active trading hours in an environment where electronic and automated trading relies on sub-second precision for communication, execution, clearing, surveillance and audit trails.”
Archive for the ‘trading’ Category
By Joseph Innace | May 21, 2015 12:01 AM Comments (0)
By John Kingston | March 31, 2015 08:01 AM Comments (4)
John Kingston is President of the McGraw Hill Financial Global Institute and Director of Global Market Insights. He continues to observe energy markets after his many years with Platts.
The price of Low Carbon Fuel Standard credits is going to rise. It’s just a question of when.
By Jeffrey Bair | March 12, 2015 02:00 PM Comments (6)
So what can you get these days for $3 million? Well, this apartment. Or 250,000 pairs of those khakis that Michigan football coach Jim Harbaugh loves so much. How about two islands due south of Brooklyn? (If you’re interested and your name is Mr. Moneybags from Monopoly, they are still for sale, a Realtor said this week.)
Here is where we pivot. It used to be that a $3 million deal for 25,000 barrels of Gulf Coast gasoline happened almost every trading day.
By John Kingston | January 23, 2015 12:01 AM Comments (0)
The room was pretty full for the first day of the Platts European Storage conference in Amsterdam this week, and it’s not surprising: the opportunities in this segment appear to be as strong as they’ve been for years.
Most important are three big factors: the market is in contango, which encourages storing crude and products; trade flows are changing, on the back of European refinery closures and the US shale revolution, requiring new storage facilities in some areas; and those refinery closures are providing opportunities for storage companies to buy the tanks and other facilities at the shuttered plants, and turn them into terminals.
By Matt Kohlman | January 22, 2015 12:01 AM Comments (1)
Drivers in car-crazed California paid more than 10% more for their gasoline at the start of the year. They just didn’t realize it.
As expected, California’s introduction of the emissions cap-and-trade program for transportation fuel suppliers boosted Los Angeles regular gasoline rack prices nearly 17 cents in the first two days of 2015 to $1.5885/gal. The rack is the wholesale level where gasoline and diesel is moved onto those often-shiny tanker trucks that hold roughly 9,000 gallons.
What barely changed right away was the price up and down the supply chain.
By Jonathan Kingsman | January 7, 2015 11:01 AM Comments (1)
Guest blogger Jonathan Kingsman is the founder of Kingsman SA, which is now a unit of Platts, and he remains a Platts consultant.
Are low oil prices good or bad for oil traders?
In theory oil traders should not care about the price of oil; as they have reminded us many times recently, the big trading companies trade differentials and spreads, not flat (outright) price.
In a trader’s ideal world oil prices would fluctuate in a range, giving traders just enough volatility for risk-free plays on shipment dates and tonnages.
By John Kingston | January 5, 2015 03:21 PM Comments (1)
It has been a wild ride for the US Gulf Coast diesel market, driven by oversupply and tax considerations in just the last two weeks.
The longer-term market is reflecting that glut, because the NYMEX ULSD contract is in a relatively steep contango of 10 cts/gal out over the next year. But in the short-term, it’s been the physical Gulf Coast market that’s been the most interesting.