Watching Government - Trading EIA

The New York Mercantile Exchange, UK-based broker ICAP Energy LLC, and Goldman Sachs June 2 launched an electronic market for options pegged to weekly US Energy Information Administration gas storage numbers. A similar over-the-counter (OTC) product for oil inventories is expected this summer.Auction partners say their OTC product will help build liquidity in a credit-strapped merchant energy market still reeling from the Enron Corp. bankruptcy. But analysts and producers aren't sure yet if these new derivatives can help fix the problem.Market participantsICAP won't say who participated in the inaugural auction; it did say, however, that more than 100 interested parties watched on...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected