Oil stored at sea could mean bigger problems and prices in future.
Feb. 28 (Telegraph) Another day and another demon for the market exorcists at the US commodity regulator. In an attempt to get to grips with rising commodity prices, the authorities have recently been trying to force traders to release more information about over-the-counter (off-exchange) derivatives and impose position limits on basic commodities.
Regulators want to shine a light on the opaque world of oil storage. Scott O'Malia, a commissioner for the Commodities Futures Trading Commission (CFTC), voiced his suspicions this week about those who profit from oil storage.
Feb. 28 (Telegraph) Another day and another demon for the market exorcists at the US commodity regulator. In an attempt to get to grips with rising commodity prices, the authorities have recently been trying to force traders to release more information about over-the-counter (off-exchange) derivatives and impose position limits on basic commodities.Regulators want to shine a light on the opaque world of oil storage. Scott O'Malia, a commissioner for the Commodities Futures Trading Commission (CFTC), voiced his suspicions this week about those who profit from oil storage.