Monthly Archives: April 2020

Impacted by trading irregularities on 4/20/2020? Make your voice heard!

Steps you can take now. 1. File a complaint with the CME on behalf of your company. Call (312) 341-7970 or MarketReg.Outreach@cmegroup.com. File a complaint online here: https://www.cmegroup.com/market-regulation/file-complaint.html 2. Reach out to the CFTC and ask them to investigate the CME. Call (202) 418-5000 or visit https://www.cftc.gov/Contact/index.htm for additional contact information. We want to hear your story. Additionally, we would…

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Earth Day 2020; 50 Years of Overlooking Fossil Fuels

Written by DEPA Marketing and Communications Director, Cynthia Simonds Earth Day 2020 celebrates fifty years of taking time to consciously recognize the wonder, beauty, and bounty of our planet.  For each of those fifty years, Earth Day has overlooked one of the most amazing natural wonders- the oil and gas given to us from the earth. Fossil fuels are as…

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IMMEDIATE INVESTIGATION OF OIL MARKET MANIPULATION AND SYSTEMS FAILURES REQUESTED BY CONTINENTAL RESOURCES’ HAROLD HAMM

Continental Resources, Inc. is requesting an immediate investigation by the Commodity Futures Trading Commission (CFTC) of WTI crude oil futures traded on the Chicago Mercantile Exchange (CME) for possible market manipulation, failed systems or computer programming failures in the WTI prompt month May (20), and oil futures contracts on the CME. Continental has also lodged a complaint with CME. As…

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DEPA Supports Governors’ Request for Expedited Waiver of RVO

The Domestic Energy Producers Alliance (DEPA) supports the request made by the Governors of Texas, Utah, Oklahoma, Louisiana and Wyoming formally asking U.S. Environmental Protection Agency Administrator Andrew Wheeler for an expedited waiver of the renewable volume obligation (RVO)* under the Renewable Fuel Standard RFS consistent with Section 211(o)(7) of CAA in order to address severe economic harm compounded by…

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House Energy Action Team (HEAT) letter to Saudi Crown prince urging the restoration of global oil market stability.

Your Royal Highness: The United States and the Kingdom of Saudi Arabia have an important strategic partnership that ensures regional stability, counters Iran’s malign activity, and defeats terrorists that threaten our security. The United States also remains committed to maintaining the strong economic ties between our two countries. We are concerned, however, with the Kingdom’s actions to artificially distort global…

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