Development of Energy Derivatives: Crude Oil and Natural Gas Futures (1970-2005)

1. Oil price shocks motivate new hedging tools

   Oct 1, 1973Labels: 1973 oil, price shocks

   • EIA
   • Britannica

2. Natural Gas Policy Act begins phased deregulation

   Nov 9, 1978Labels: Natural Gas, U S

   • Congress
   • Wikipedia

3. NYMEX launches No. 2 heating oil futures

   Nov 14, 1978Labels: NYMEX, No 2

   • CME Group
   • WB 1989

4. U.S. decontrols crude and gasoline prices

   Jan 28, 1981Labels: Reagan administration, U S

   • Washington Post
   • UPI

5. NYMEX launches WTI crude oil futures

   Mar 30, 1983Labels: NYMEX, WTI crude

   • CFTC
   • TradingView

6. NYMEX begins trading crude oil options

   Nov 13, 1986Labels: NYMEX, crude options

   • UPI
   • CFTC

7. IPE launches Brent crude futures in London

   Jun 1, 1988Labels: IPE, Brent crude

   • ICE
   • UPI

8. Natural Gas Wellhead Decontrol Act becomes law

   Jul 26, 1989Labels: Wellhead Decontrol, U S

   • Congress
   • Wikipedia

9. NYMEX launches Henry Hub natural gas futures

   Apr 1, 1990Labels: NYMEX, Henry Hub

   • CME Group
   • S P Global

10. Federal wellhead natural gas price controls end

    Jan 1, 1993Labels: price control, U S

    • Congress
    • Wikipedia

11. ICE agrees to acquire the International Petroleum Exchange

    Apr 30, 2001Labels: ICE, IPE acquisition

    • OGJ
    • Guardian

12. Open outcry ends and Brent trading moves electronic

    Apr 7, 2005Labels: ICE Futures, electronic trading

    • Risk net
    • Congress