Intercontinental Exchange Inc., the leading global provider of energy trading platforms, said that global futures and options markets reached record open interest of 90.2 million contracts during February as market players in sectors such as oil, natural gas and LNG launched hedging operations as prices declined.
S&P Global, the US ratings agency and provider of commodity market reports and energy prices such as the Japan-Korea Marker (JKM) price for Asian spot LNG cargoes and other oil and gas pricing and stock indices, reported increased fourth-quarter and annual profits, though the firm’s Market Intelligence unit flopped as operating profits dropped.
Revenues from the Australia-Pacific LNG (APLNG) plant in Queensland for the quarter to the end of March declined amid the implementation of the sale of Australia's Origin Energy to Canadian and US funds, Brookfield Asset Management and Washington DC-based EIG.