Sentences with phrase «oil trader in»

The Dutch oil trader in cooperation with IBM and French bank Natixis has developed a blockchain - based solution for US crude oil transactions.

The film points out that the culture of financial malfeasance at Enron was evident as far back as 1987, when Lay apparently encouraged the outrageous risk taking and profit skimming of two oil traders in Enron's Valhalla office because they were bringing a lot of money into the company.

Not exact matches

Meanwhile, traders in distressed debt and mortgage - linked securities could be seeing pay cuts around 25 %, while crude - oil traders are expecting a 20 % cut, reported Bloomberg.

TORONTO — The Toronto stock market closed higher as energy stocks advanced while oil prices hit a 16 - month high and traders took in a mixed batch of U.S. earnings.

Traders said markets climbed on expectations that the United States will in May re-impose sanctions against Iran, a major oil producer and member of the Organization of...

One trader is trying to capitalize on the recent strength in oil with an options strategy that could pay more than $ 1 million.

As oil prices have fallen, defaults in the sector have risen — about a quarter of all corporate bond defaults in 2015 were energy related, according to Moody's — and that's made traders even more reluctant to buy.

Oil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodiOil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodioil cartel could be just as powerful in propping up the price of the commodity.

When the social scientist and derivatives trader sat down at the same table at a friend's wedding in 2011, they got to talking about their shared interest in «epic failures,» like the BP oil spill in the Gulf of Mexico, the Fukushima nuclear disaster and Hurricane Sandy.

If the oil traders are right, they can make money by buying oil at today's spot price, selling a futures contract for delivery at the higher price expected in the future and storing the oil in the meantime.

It's hard to verify independently the claims of retail traders who say they have made good money this year, when worries about a slowing Chinese economy and the slumping oil price have wiped up to $ 8 trillion from world stock markets in January alone.

In the oil markets, that means that if traders will pay more to lock in a shipment at a given price several months away than they would for delivery next month, the market's in contangIn the oil markets, that means that if traders will pay more to lock in a shipment at a given price several months away than they would for delivery next month, the market's in contangin a shipment at a given price several months away than they would for delivery next month, the market's in contangin contango.

Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20oil would more quickly pull out of a rout that started in late 2014.

The steep drop in the price of oil in the last month has become a major concern for traders.

Series 3 holder and oil analyst, he became an energy trader for Bear Stearns handling a variety of customer and house accounts in all energy futures and options rings.

LONDON, March 27 - Global oil traders Vitol and Glencore are in talks to financially back Nigerian firms racing to buy assets owned by Brazil's Petrobras valued at up to $ 2 billion, several sources familiar with the matter said.

On Monday, trader AOT Energy separately said it had reduced some staff, including parting ways with its senior management team in Houston, and earlier this year pared its European distillates and U.S. Gulf Coast fuel oil business due to shrinking margins.

Look out: Falling oil prices could rough up stocks in the new year, says trader Jack Bouroudjian.

The roll yield is the profit traders can earn when they roll their investment in crude oil futures, which expire every month, into contracts that expire at a later date.

It also helps to empty stockpiles by encouraging traders to sell oil immediately, instead of storing it to take advantage of higher prices in the future.

CNBC's Jackie DeAngelis reports oil prices are under pressure as traders look for trends in the energy sector.

Zev Spiro, Orips Research, discusses key levels in the oil market with CNBC's Jackie DeAngelis and the «Futures Now» traders Bob Iaccino, Path Trading Partners, and Scott Nations, NationsShares.

Helima Croft, RBC Capital Markets, discusses moves in the oil market with CNBC's Jackie DeAngelis and the «Futures Now» traders, Brian Stutland, Equity Armor Investments, and Jeff Kilburg, KKM Financial.

CNBC's Jackie DeAngelis reports the latest results of CNBC's exclusive oil survey on what analyst, traders and major energy fund investors expect to see in the oil space in upcoming months.

Traders sold oil off on a report that showed an increase in supply in Cushing, Okla., but it is about time.

Overall, however, traders were surprised as declines in US stockpiles since January brought them below the closely watched five - year average for the first time since 2014.3 Quarter - end US oil inventories stood at 429.9 mb, which was 19.5 % below the year - ago level.3

Oil fund managers are not betting on $ 20 a barrel oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repoOil fund managers are not betting on $ 20 a barrel oil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders repooil this week because they increased their net - long position by 16,855 contracts to 132,857 futures and options in the week ending Sept. 8, according to the CFTC commitment of traders report.

Crude oil prices are taking a step back on Monday as an increase in rig counts and a drop - in supply in Cushing, Okla., and a perceived drop in Geo - political risk premium are causing traders to take a step back.

Contango, a market situation in which the spot prices are lower than future prices, encourages traders to store crude oil and profit from selling it at prices higher than the spot market.

COTs Timer is a financial blog focused on interpreting the Commodity Futures Trading Commission's («CFTC») weekly Commitments of Traders («COT») report, which provides trillions of dollars in positions in more than 200 markets, including gold, crude oil, natural gas, silver, forex, and equity indices.

Also, the oversupply is now dropping faster and more consistently on the back of strong oil demand growth and the Brent futures flipping to backwardation, which discourages traders from keeping oil in storage.

Oil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productiOil prices finish higher as IMF move threatens Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude productioil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude production.

Astenbeck Capital Management, a fund run by oil trader Andrew Hall, lost 9.7 percent in November, and is now down 26 percent this year, according to The Wall Street Journal.

Many traders these days are standing in line to buy oil stocks — and for good reason.

Few pay good dividends, which means traders have to wait for the stock to appreciate in value — something that isn't happening very often for oil securities.

Their latest comments highlight the industry's remarkable resilience, but also serve as a warning to rivals and traders: a retreat in U.S. oil production that would help ease global oversupply and let prices recover may prove shorter than some may have expected.

Oil traders will also continue to weigh a steady increase in U.S. production levels in the week ahead as the rise in U.S. drilling marked one of the few factors tamping back crude in an otherwise bullish environment.

CEFC said on Sept. 8 it had agreed to buy a 14 percent stake in Russian oil major Rosneft for $ 9 billion from commodity trader Glencore and the Qatar Investment Authority.

Moreover, Stephen Innes, a senior foreign exchange trader at OANDA commented that «Guys are very, very nervous about the oil scenario and you see that expressed in the sensitive [currency] pair».

PTSD sufferers in the battered upstream oil and gas industry will take little comfort to learn their economic future is in the hands of software written by programmers and traders who have never set foot on a drilling rig or production operation, nor put on a pair of coveralls or a hard hat.

During a major industry gathering in Houston this week Ali al - Naimi, Saudi Arabia's oil minister, ruled out the possibility of cutting output, damping hopes of more aggressive action to curb a glut estimated by some traders to be as large as 2m b / d.

The U.S. is so awash in crude oil that traders are experimenting with new places to store it: empty railcars.

It's interesting that the fundamental investor and the economist attribute the 2008 rise in oil to supply and demand while the traders attribute it to speculation.

In terms of the concentrated short position of the 8 largest traders in NYMEX crude oil, it comes to less than 4 days of world oil production, compared to the 163 days of production held short in COMEX silveIn terms of the concentrated short position of the 8 largest traders in NYMEX crude oil, it comes to less than 4 days of world oil production, compared to the 163 days of production held short in COMEX silvein NYMEX crude oil, it comes to less than 4 days of world oil production, compared to the 163 days of production held short in COMEX silvein COMEX silver.

Companies said to be selling crude from Saldanha Bay in Africa Brent crude time - structure strengthens, encouraging sales Oil traders are emptying one of the world's largest crude storage facilities, located Continue Reading

For example, if a large speculator who was very bullish on oil bid - up the price of the December - 2016 oil contract from $ 64 to $ 70, it would create an opportunity for other traders to lock - in a profit by purchasing physical oil and selling the December - 2016 futures with the aim of delivering the oil into the contracts late next year.

For another example, if a large speculator who was very bearish on oil aggressively short - sold the December - 2016 oil contract, driving its price down from $ 64 to $ 60, it would create an opportunity for other traders to lock - in a profit by selling physical oil and buying the December - 2016 futures with the aim of eventually replacing what they had sold by exercising the futures contracts.

After going through the ritualistic Monday morning downside test on the back of rising oil drilling rig counts, WTI rallied around $ 2 towards $ 69.35 in NY, as traders remain singularly focused on the Iran nuclear deal.

By CountingPips.com — Receive our weekly COT Reports by Email WTI Crude Oil Non-Commercial Speculator Positions: Large energy speculators continued to boost their bullish net positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

By CountingPips.com — Receive our weekly COT Reports by Email WTI Crude Oil Non-Commercial Speculator Positions: Large energy speculators reduced their bullish net positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.