Abstract
The International Petroleum Exchange in London commenced trading gas oil futures on 6th April 1981, by which time No. 2 Heating Oil had been traded on the New York Mercantile Exchange for thirty months — since 14th October, 1978.
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Quotation from Platt’s Oilgram Price Report of 6th April, 1982. ‘Atlantic Coast The General feeling was the cash-market again being led by the Merc., which was led by the I.P.E.
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References
The Petroleum Economist, October 1974.
Commodity Futures Trading Commission. Commitments of Traders. As of June 30, 1981 and September 30, 1981.
Charles Rockwell, ‘Normal Backwardation, Forecasting and the Returns to Commodity Futures Traders’, Proceedings of a Symposium on Price Effects of Speculation in Organised Commodity Markets, Food Research Institute Studies. Supplement 7 (1967), 117.
Analysis available from author.
See (a) The Economics of Futures Trading edited by B.A. Goss and B.S. Yamey, The MacMillan Press, 1978.
Gerald Gold. Modern Commodity Futures Trading, Commodity Research Bureau Inc., 1975.
R. J. Teweles, C. V. Harlow and H. L. Stone, The Commodity Futures Game, McGraw Hill, 1977.
Henry B. Arthur, ‘Commodity Futures as a Business Management Tool’, Division of Research; Graduate School of Business Administration, Harvard University, Boston. 1971.
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Bulletin Officiel de la Concurrence et de la Consommation, No. 11, 30 April 1982.
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J. B. Ball and K.M. Forstik, ‘The Feasibility of Coal Futures’, New York Mercantile Exchange, presented at the Financial Times World Coal Conference, London, 20/21 January 1982.
Joe Roeber Associates, The EEC Registry of Spot Transactions, The Directorate General of Energy, Commission of the EEC, 15 September, 1980.
Petroleum Intelligence Weekly, 14 June 1982, pp. 6 and 12.
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© 1983 British Institute of Energy Economics
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Greaves, W. (1983). Petroleum Futures Markets. In: Tempest, P. (eds) Energy Economics in Britain. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-7355-1_15
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