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Platts Launches New Benchmark for U.S. Crude

Platts Launches New Benchmark for U.S. Crude

S&P Global Platts announced today the creation of Platts American GulfCoast Select (AGS), a new benchmark which will serve as a more accurate and reliable source for pricing crude oil in America. The Domestic Energy Producers Alliance (DEPA) is a proud member of the AGS Best Practices Task Force Association, in which DEPA chairman Harold Hamm is also serving as…

The Commodity Futures Trading Commission Issues a Strong  Advisory Letter to Several of Their Divisions

The Commodity Futures Trading Commission Issues a Strong Advisory Letter to Several of Their Divisions

Read the full letteR “Last month the Domestic Energy Producers Alliance called for the Commodity Futures Trading Commission (CFTC) to swiftly look into the unusual events that took place with respect to WTI crude oil futures on the Chicago Mercantile Exchange (CME). I commend the CFTC for a good first step in issuing this latest advisory that puts all futures…

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

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…