Oil Price Volatility Seen Continuing in Near Term
Energy Executives Discuss Global Factors at INTL FCStone Outlook Conference
KANSAS CITY, Mo., May 22, 2013 (GLOBE NEWSWIRE) -- Changes in the way refiners
get crude oil will keep prices volatile for the near future, according to
speakers at INTL FCStone's Energy Outlook Conference, held in Kansas City May
9 and 10.
At the conference, a team of industry experts discussed key U.S. and global
supply and demand issues for energy products. Presentations looked at shale
oil, conditions for Balkan supplies, market trends in renewable fuels like
ethanol and biodiesel, the impact of current policies of the Federal Reserve
Bank and hedge accounting.
"There will be many changes as refiners find ways to gain access to less
expensive crudes and more products are exported," summarized James Burr, vice
president Energy Products for FCStone, LLC, a wholly-owned subsidiary of INTL
FCStone Inc. (Nasdaq:INTL), a Fortune 500 firm that offers risk management for
the volatile worldwide environment.
"U.S. production is reaching levels not seen since the early 1980s, but as
refining capacity has consolidated, every refinery problem has greater impact.
As U.S. production increases, the markets remain constrained by refining
capacity, weather, world economies, international political unrest and other
factors; these will always be there to buoy the market."
Speakers included executives from the Federal Reserve Bank of Richmond, OPIS,
Fundamental Petroleum Trends and Bank of America Merrill Lynch.
INTL FCStone offers a series of conferences in a wide variety of industries,
including its 2013 Outlook Conference in Chicago, June 20 and 21, which
focuses on the dairy industry, including the impact of energy issues. FCStone,
LLC will be holding a Basic Energy Hedging School in Nashville the week of
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in
commodities, currencies and international securities. INTL's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 customers in more than 100 countries through a network
of offices in twelve countries around the world.
Further information on INTL is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
Director of Public Relations
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