When Olav Refvik wanted to boost the price of heating oil to make a lucrative energy deal even more lucrative, the Morgan Stanley trader locked up several storage tanks the bank owned near New York Harbor to squeeze supply. Far from being illegal, the maneuver -- which earned him millions and the moniker "King of New York Harbor" -- is business as usual in the "regulated" commodities market.
A Perfect Storm Could Shed Light On Secretive Energy Markets
In a pair of controversial environmental decisions, the Biden administration is moving to end all new...
Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity,...
Solar power shines bright in California, and wholesale energy prices prove it. Last winter and early...
