Midweek News 13Feb

Source: EIA (Feb 2013)

Graphics

• Top 10 Global Banks, By Market Cap. (Reuters/Catherine Trevethan)

Central Banks

• Fed & Foreign Banks. (Zerohedge)
• G7 Reiterates Commitment To "Market Determined Exchange Rates".... (Reuters)
• Sovereign Defaults: Past & Present. (Zerohedge)

Geo-Politics

• North Korea Conducts Third Nuclear Test. (AP)
• Sanctions Cost Iran $40bln In Oil Export Revenue In 2012. (RT)
• CNOOC Wins Final Approval For Nexen Buy. (Bloomberg)

Supply/Demand & Markets

• API: -2.3mil v +2.4mil exp. (Reuters)
• EIA: +600k v 2mil exp. (EIA) 
• Big Shifts In Chinese Energy Consumption. (FT Alpha)
• China Overtakes US As World's Largest Trading Partner. (RT)

Outrageous Market Fortune

• JPMorgan's Excel Error Leads To Misreported VaR... For Years. (Zerohedge)