United Energy began in 1982 as a cash broker of cargo, barge and pipeline physical products including gasoline, heating oil, jet fuel and residual fuel oil. Our initial clients were major oil companies, trading houses and large industrial users such as electric utilities and airlines.

A natural extension of these activities led to a United Energy futures division which began as a floor brokerage operation on the NYMEX (New York Mercantile Exchange). The floor operation enabled us to execute energy futures and options for our clients hedging and trading needs. The floor operation was expanded to include an “upstairs” full service Introducing Broker ( I.B. ) operation that offered clearing and consulting services. From petroleum products United Energy expanded into brokerage services in the physical crude oil market, coal, emmissions, and OTC (over-the-counter) derivatives.

In 2005 United Energy was purchased by ICAP, the world’s largest inter-dealer broker. ICAP was already a dominant presence in the brokerge of physical natural gas and electricity so the addition of the United Energy operations in futures, crude oil, petroleum products, and consulting was a natural fit. We now operate as United-ICAP.