Milestones

1971 The PVM Group founded in New York to broker refined products
1974 Crude oil department opened in New York
1975 Houston office opened with particular concentration on US domestic crude and products
1980 London office opened to broker crude oil and products
1981 First 15-day North Sea cargo trades. Initial development of the Brent market by PVM and a small group of traders
1987 Tokyo office started business
1987 PVM Oil Consultants Inc founded
1993 PVM Oil Futures formed to open a full floor broking and execution service on the IPE
1994 Vienna subsidiary established to cover the Central and Eastern European markets
1994 Singapore office opened to complete coverage of the Pacific Rim
1996 Far Eastern Offices consolidated in Singapore
1997 Major expansion of product broking activities in London
1998 Acquisition of Shogun Products Brokers in Singapore
1999 LPG added to oil products group in London
2000 Expansion of futures activity to desk support located in Dover Street, London
2002 Opening of an OTC Options Desk in London
2002 Further expansion of Petroleum Products in London to include Jet Fuel
2003 Addition of Freight broking to PVM Singapore's activities
2005 Formation of Comfin, PVM Vienna's IT software subsidiary
2005 PVM Futures team in London moved from the IPE floor to PVM's Dover Street office as ICE makes its transition to fully electronic execution
2006 Opening of new London office at 117 Jermyn Street
2007 Distribution agreement for PVM Trader Pack with InterContinental Exchange.
2007 Opening of PVM Futures Inc. in Hoboken, NJ.
2008 JBC Energy is created out of a change in PVM Vienna’s share structure. JBC Energy takes on the consultancy, research and training arm of PVM Vienna.
2008 PVM Data Services GMBH is created to focus on the provision of crude oil and petroleum product derivative valuations on a daily and historical basis