bp propane trading

BP Agrees to Pay a Total of $303 Million in Sanctions to ...

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10/25/2007 · The Order finds that in February 2004, BP employees sought to, and did, corner the TET propane market for the purpose of dictating prices to other market participants in order to obtain a significant trading profit.

BP Agrees to Pay a Total of $303 Million in Sanctions to ...

CFTC accuses BP of cornering propane market - MarketWatch

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6/28/2006 · WASHINGTON (MarketWatch) -- Federal regulators on Wednesday accused BP Plc.'s North American energy trading unit of briefly cornering the U.S. propane market in 2004 in a …

CFTC accuses BP of cornering propane market - MarketWatch

How the case against BP propane traders went wrong ...

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9/18/2009 · When federal investigators alleged in 2006 that a group of BP propane traders tried to manipulate that market, it seemed like a strong case. There …

How the case against BP propane traders went wrong ...

BP Charged With Propane Market Manipulation

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The Justice Department and Commodity Futures Trading Commission (CFTC) have charged BP with illegal manipulation of the propane gas market in the northeastern U.S., driving up prices.

BP Charged With Propane Market Manipulation

GLOSSARY “any” BPNA” or “BP - cftc.gov

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BP also consumes propane in connection with its chemical manufacturing business. BP North American Gas and Power (“NAGP”) is the trading arm of BP in North America and the “face to the market” for trading NGLs, and specifically TET propane. BP Natural Gas Liquids Business Unit (“NGLBU”) handles the production, wholesale

GLOSSARY “any” BPNA” or “BP - cftc.gov

BP Maintains Propane Trading was Legal | News | Kirkland ...

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"BP maintained June 30 it did nothing illegal in regards to its US propane position in February 2004 and plans to contest the US Commodity Futures Trading Commission's lawsuit charging the petroleum giant with attempting to corner the propane market and manipulate prices.

BP Maintains Propane Trading was Legal | News | Kirkland ...

BP Settles Propane Price-Fixing Suit - The Washington Post

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10/24/2007 · BP has agreed to pay $303 million to settle civil charges that it cornered the propane market three years ago and inflated heating and cooking costs for about 7 million mostly rural American ...

BP Settles Propane Price-Fixing Suit - The Washington Post

BP to pay $303 million in propane case: WSJ - MarketWatch

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10/23/2007 · SAN FRANCISCO (MarketWatch) -- BP Plc. has agreed to pay a $303 million fine stemming from a federal investigation of the giant oil company's bid to …

BP to pay $303 million in propane case: WSJ - MarketWatch

U.S. Accuses BP Of Manipulating Price of Propane - WSJ

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BP traders illegally cornered a portion of the U.S. propane market in early 2004, federal investigators charged. The manipulation effort caused a brief 50% spike in prices, affecting some seven ...

U.S. Accuses BP Of Manipulating Price of Propane - WSJ

Four BP traders charged with price manipulation - Houston ...

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10/25/2007 · Four former BP energy traders from Houston were indicted today on federal charges alleging they manipulated propane prices. The indictments, filed with …

Four BP traders charged with price manipulation - Houston ...

BP - Wikipedia

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BP Products North America paid fines totalling $225 million, $53 million in restitution and $25 million into a consumer fraud fund, after the CFTC found that it had cornered the US propane market in February 2004. The company had attempted to corner the market in April 2003, but without success.

BP - Wikipedia

Record fine for BP over propane market scandal - Risk.net

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10/23/2007 · BP Plc will pay $303 million to settle civil charges that it tried to manipulate propane prices in the United States by cornering the market in February 2004, a source familiar with the matter ...

Record fine for BP over propane market scandal - Risk.net

BP to pay $303 million to settle propane charges: source ...

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Drew Sickinger claims he was hired by BP in 2009 to head its NGL trading and, despite generating impressive returns, was terminated when his superiors decided to secretly influence propane and ...

BP to pay $303 million to settle propane charges: source ...

Ex-BP NGL Trader Says He Was Fired To Allow Market Scheme

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2/1/2013 · * Natural gas liquids trader sues for breach of contract * Alleges BP attempting to manipulate U.S. gas liquids market * Company paid $303 mln fine in 2007 over propane manipulation

Ex-BP NGL Trader Says He Was Fired To Allow Market Scheme

Former BP trader sues firm, alleges market manipulation ...

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The Department of Justice's fraud section investigated allegations that BP's propane-trading unit attempted to corner the propane market by using the company's financial resources to purchase more than the available supply of propane and then sell it at an artificially inflated price. Losses to other market participants totaled $53 million.

Former BP trader sues firm, alleges market manipulation ...

Big Suits: U.S. v. BP et al. | News | Kirkland & Ellis LLP

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“Spending time on the mid-west propane strategy, I’ve had the opportunity to interface with many of our customers and affiliates and really get a feel for the business.” Although DeRae found there to be more differences than similarities, the cultural transition to BP from the army has been seamless.

Big Suits: U.S. v. BP et al. | News | Kirkland & Ellis LLP

DeRae Crane | Hot topics: our people | Hot topics | BP Careers

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7/4/2006 · Last week the Commodities Futures Trading Commission (CFTC) charged British oil giant BP with conspiring to manipulate the propane market. The Commission seems to have BP dead to rights on ...

DeRae Crane | Hot topics: our people | Hot topics | BP Careers

BP Burns Itself - forbes.com

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10/25/2007 · On October 25, 2007, BP America Inc. (“BP”) signed a deferred prosecution agreement with the Department of Justice resolving the Department’s investigation into BP’s propane trading activities in February 2004 and April 2003.

BP Burns Itself - forbes.com

BP Enters Into Comprehensive Trading Settlement

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10/26/2007 · Don't invite traders to your barbeque ... and their misconduct occurred in the esoteric niche of propane trading. ... buyers of BP's overpriced propane may have been hedge funds and others were ...

BP Enters Into Comprehensive Trading Settlement

Don't invite traders to your barbeque | Business | The ...

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The US Commodity Futures Trading Commission has charged a BP PLC subsidiary with cornering the domestic propane market and trying to drive up its price.

Don't invite traders to your barbeque | Business | The ...

CFTC charges BP unit with propane market manipulation ...

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10/25/2007 · BP America announces resolution of Texas City, Alaska, propane trading, law enforcement investigations Thye still have to do the EIS for their Cherry Point refinery dock expansion and be subject to the Mangnuson amendment to the Marine Mammal Protection Act.

CFTC charges BP unit with propane market manipulation ...

BP America announces resolution of Texas City, Alaska ...

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2/1/2013 · A former trader at BP has filed a lawsuit for breach of contract in which he alleges the British company's Houston-based unit, BP Energy Co, is attempting to manipulate the U.S. natural gas ...

BP America announces resolution of Texas City, Alaska ...

Former BP trader sues firm, alleges market manipulation ...

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BP Products North America Inc. was hit with a lawsuit Friday alleging BP schemed to corner the market on propane in the gas distribution network of eastern Texas.

Former BP trader sues firm, alleges market manipulation ...

BP Hit With $8.7M Suit Over Propane Scheme - Law360

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The U.S. Commodity Futures Trading Commission (CFTC) announced yesterday that it has settled charges against BP Products North America for allegedly manipulating and attempting to manipulate the price of TET propane and cornering the TET propane market in February 2004 and attempting to manipulate the price of TET propane in April 2003.

BP Hit With $8.7M Suit Over Propane Scheme - Law360

NEWS UPDATE: BP Reaches $300 Million Settlement with U.S ...

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10/24/2007 · Oil giant BP will pay $303 million to settle regulators' claims that it tried to corner the U.S. propane market, according to a person familiar with the matter. The accord may be announced Thursday at a news conference with the Justice Department and …

NEWS UPDATE: BP Reaches $300 Million Settlement with U.S ...

BP settles propane trade allegations - latimes

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example, trading firm Cook Industries was forced to downsize dramatically as a result of large losses incurred on soybean calendar spreads in 1977. Indeed, many (and arguably most) of the instances in which commodity trading firms went into distress were the not the result of flat

BP settles propane trade allegations - latimes

THE ECONOMICS OF COMMODITY TRADING FIRMS - trafigura.com

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7/17/2006 · Internal BP documents obtained by the CFTC show that a team of BP Houston-based traders sought to establish a long February propane position, withhold a portion of that propane from the market ...

THE ECONOMICS OF COMMODITY TRADING FIRMS - trafigura.com

Price Fixing Scandal Plagues BP (BP) - BP p.l.c. (NYSE:BP ...

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The Commodity Futures Trading Commission has accused international energy company BP (NYSE:BP) with cornering the propane market in the winter of 2004 and so illegally manipulating prices to its ...

Price Fixing Scandal Plagues BP (BP) - BP p.l.c. (NYSE:BP ...

BP: Bad Propane -- The Motley Fool

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Excludes BP Credit Card or BP Visa Credit Card. If you are an existing Driver Rewards member and choose to earn MileagePlus award miles, your existing cents per gallon balance will convert to award miles as a one-time courtesy at the rate disclosed at the time of conversion.

BP: Bad Propane -- The Motley Fool

My BP Station - Find BP Gas Locations, and Get Fuels ...

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7/1/2006 · Legal experts say it is fine for commodity traders to make all the money they can--right up to the point where their trading dictates the prices, as regulators allege BP did in cornering the ...

My BP Station - Find BP Gas Locations, and Get Fuels ...

Aggressive trading vs. manipulation - Chicago Tribune

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11/30/2018 · BP And Shell’s Blockchain-Based Oil Trading Platform Goes Live CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A …

Aggressive trading vs. manipulation - Chicago Tribune

BP And Shell’s Blockchain-Based Oil Trading Platform Goes ...

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Supply and Trading: Budget Petroleum cohesive supply and trading is the market facing component of our trading activities. We work globally with refineries,commodity exchanges & hedge funds . Read more

BP And Shell’s Blockchain-Based Oil Trading Platform Goes ...

Home [budgetpetroleum.com]

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Oil giant BP will pay $303 million to settle regulators' claims that it tried to corner the U.S. propane market, according to a person familiar with the matter. The accord may be announced ...

Home [budgetpetroleum.com]

BP settles propane trade allegations - LA Times

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6/28/2010 · The trader’s attempt to corner the propane market resulted in the largest fine for market manipulation in the history of the ... BP’s trading unit is something of an anomaly in the staid world ...

BP settles propane trade allegations - LA Times

BP Loses Trading-Floor Swagger in Energy Markets

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There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. Options, cash & futures markets are separate and distinct and do not necessarily respond in the same way to similar market stimulus.

BP Loses Trading-Floor Swagger in Energy Markets

Alphabetical Listing of Futures Symbols - Infinity Trading

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Oil Markets and Trading BP Good - Download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. Essential Elements in Crude Oil Sales Contracts

Alphabetical Listing of Futures Symbols - Infinity Trading

Oil Markets and Trading BP Good | Barrel (Unit) | Petroleum

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U.S. propane exports are now competing with Europe's traditional import sources, particularly Russia, North Africa, and the Middle East. More recently, U.S. propane is increasingly being exported to Asia. U.S. propane exports to Asia nearly tripled in 2015, from 65,000 b/d in the first eight months of 2014 to 189,000 b/d in the same months of 2015.

Oil Markets and Trading BP Good | Barrel (Unit) | Petroleum

U.S. propane exports increasing, reaching more distant ...

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BP September 2007 – January 2009 1 year 5 months. Houston, Texas Area. Led a team to attract, select, and develop commercial talent for BP's natural gas, power, and NGL marketing and trading ...

U.S. propane exports increasing, reaching more distant ...

Angela John - Director, Structured Products - BP | LinkedIn

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8/30/2006 · In June, the Commodity Futures Trading Commission accused BP of trying to corner the propane market. In 2003, the company was fined $2.5 million by the New York Mercantile Exchange to resolve charges of oil trading violations in 2001 and 2002. While it settled the charge, BP neither admitted nor denied breaking the exchange's rules.

Angela John - Director, Structured Products - BP | LinkedIn

US: U.S. Agencies Open Another Investigation Into Energy ...

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BP_plc has invested $10 mil in @SolidiaCO2. The co. says it wants to use the technologies “near our operating facilities where we could take CO₂ generated & turn it into something material & productive,” according to David Nicholas, a co. spokesman."

US: U.S. Agencies Open Another Investigation Into Energy ...

BP (@BP_plc) | Twitter

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Shell is a global group of energy and petrochemical companies. Learn more about Shell on our global website.

BP (@BP_plc) | Twitter

Shell Global | Shell Global

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CHICAGO -- Oil giant BP PLC agreed to pay $373 million in fines and admit to criminal wrongdoing in a sweeping settlement of charges linked to a fatal Texas explosion, an oil spill in Alaska and ...

Shell Global | Shell Global

BP admits several crimes, is fined millions - Baltimore Sun

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Conspiring to Corner the Propane Market (CFTC v. BP Products North America) BP Products North America Inc. agreed to defer the prosecution of a one-count criminal information charging the company with conspiring to violate the Commodity Exchange Act and to commit mail fraud and wire fraud.

BP admits several crimes, is fined millions - Baltimore Sun
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