Strong clearinghouse drives EEX record year

30 Mar 2007

European Commodity Clearing (ECC), the independent but wholly owned subsidiary of European Energy Exchange (EEX), posted strong figures for its debut year as a separate entity. Clearing revenue came to €12.5m, contributing nearly one third of EEX's total sales...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.