.

CLIENT NAMETOTAL LONG POSTOTAL SHORT POSLONG-SHORT

.

VITOL SA412,780428,327

.

GOLDMAN SACHS GROUP451,997419,324

.

MORGAN STANLEY GROUP312,527320,223

.

BARCLAYS PLC277,461276,731

.

JP MORGAN CHASE BANK200,062245,261

.

DEUTSCHE BANK AG273,403232,065

.

CREDIT SUISSE GROUP81,638191,293

.

SOCIETE GENERALE141,186155,518

.

LEHMAN BROTHERS154,507146,165

.

BNP PARIBAS SA106,994123,944

.

MERRILL LYNCH 115,396122,423

.

CMA CGM SA123,729121,652

.

SEMGROUP, L.P.112,176105,685

.

BP PLC94,219100,893

.

CITIGROUP INC87,07094,943

.

MITSUI & CO78,82794,238

.

CREDIT AGRICOLE GROUP89,34688,715

.

UBS AG100,20682,383

.

HESS CORPORATION73,68880,469

.

EMIRATES NATIONAL OIL COMPANY85,91379,541

.

BREVAN HOWARD ASSET MGMT LLP84,93577,732

.

KOCH SUPPLY & TRADING LP67,17676,495

.

BOONE PICKENS71,63773,620

.

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC50,32570,993

.

BANK OF MONTREAL48,31864,994

.

BANK OF AMERICA50,89362,412

.

SEMPRA ENERGY TRADING CORP43,24659,698

.

SHELL TRADING COMPANY35,72958,734

.

ELLIOTT ASSOCIATES LP50,66357,024

.

D.E. SHAW & CO INC39,97354,274

.

MACQUARIE BANK42,61151,820

.

ARCADIA PETROLEUM LTD50,81450,459

.

ANGLIAN COMMODITIES FUND LIMITED45,57046,341

.

VALERO MARKETING AND SUPPLY COMPANY17,51138,613

.

FORTIS GROUP35,16137,848

.

TOTSA TOTAL OIL TRADING SA34,74235,257

.

CITADEL GROUP27,54733,568

.

WACHOVIA CORPORATION21,82532,707

.

KINDER MORGAN GROUP5,80324,624

.

MOORE CAPITAL MANAGEMENT INC22,08024,194

.

ABN AMRO NV21,38721,520

.

STARK MASTER FUND LTD.14,94520,841

.

PETROLEUM EXPORT LIMITED19,29719,282

.

RWE TRADING GMBH18,70118,908

.

PENERBANGAN MALAYASIA BERHAD18,75418,509

.

PLAINS RESOURCES INC.9,18116,057

.

APACHE CORP6,47415,333

.

SOCIETE AIR FRANCE1,95214,865

.

TUDOR INVESTMENT GROUP16,66113,630

.

GLENCORE COMMODITIES LTD11,21213,436

.

BMO FINANCIAL GROUP11,98213,101

.

PROXIMA ALFA INVESTMENTS GROUP13,29612,856

.

CANADIAN NATURAL RESOURCES GROUP8,66112,540

.

STANDARD BANK10,21112,346

.

JAPAN AIRLINES INTERNATIONAL COMPANY, LTD.1,00812,142

.

TRAFIGURA DERIVATIVES LTD.9,07111,573

.

MITSUBISHI CORPORATION14,41611,502

.

MARATHON OIL CORPORATION2,27311,414

.

ALLIANZ GROUP17,68411,307

.

XTO ENERGY4,13211,091

.

CARGILL INC21,21810,765

.

OCCIDENTAL ENERGY MARKETING, INC.6,92510,175

.

QANTAS AIRWAYS11,48610,131

.

LOUIS DREYFUS CORPORATION8,45610,112

.

GASELYS SAS11,57310,075

.

QUEBEC (PROVINCE OF)4,22210,011

.

GUNVOR INTERNATIONAL BV2,5949,669

.

PETRO-DIAMOND RISK MANAGEMENT LTD5,7079,407

.

CONOCOPHILLIPS1,3279,315

.

FORTUM OIL OY7,7219,280

.

CIBC (CANADIAN IMPERIAL BANK OF COMMERCE)1,9909,156

.

ONTARIO TEACHERS PENSION PLAN6,5977,991

.

LYONDELL-CITGO REFINING LP9007,805

.

ATP PENSION20,3407,648

.

KONINKLIJKE LUCHTVAART MAATSCHAPPIJ N.V.5337,275

.

HIGHFIELDS CAPITALMANAGEMENT LP6,5706,474

.

ANADARKO PETROLEUM CORPORATION17,2656,371

.

STATOIL ASA6,2176,332

.

ROYAL BANK OF SCOTLAND2,6276,216

.

EDF TRADING LIMITED4,2145,791

.

DEUTSCHE LUFTHANSA AG2,4625,664

.

QVT FUND LP3,3295,648

.

RELIANCE INDUSTRIES LIMITED1,6255,506

.

CHESAPEAKE ENERGY CORP14,7885,496

.

ENERGEN CORPORATION7,2375,369

.

FAYEZ SAROFIM4,8695,254

.

MERCURIA ENERGY TRADING SA5,4025,000

.

NORTHWEST AIRLINES, INC6024,963

.

JR MOORE LP3,3684,942

.

MITSUBISHI UFJ21,1264,910

.

INNOVENE EUROPE LIMITED04,901

.

NEWFIELD EXPLOR04,797

.

SHERIDAN PRODUCTION PARTNERS04,736

.

ALL NIPPON AIRWAYS CO., LTD.6824,735

.

EMIRATES AIRLINES GROUP16,8674,690

.

COFFEYVILLE GROUP HOLDINGS LLC29,2934,666

.

CHAPARRAL ENERGY LLC04,384

.

SUMITOMO MITSUI 17,3144,299

.

PIONEER NATURAL RESOURCES GROUP2,5824,196

.

OSPRAIE PORT1,4674,188

.

GENERAL ELECTRIC GROUP04,163

.

AUBREY K MCCLENDON 5,7694,036

.

BASF INTERTRADE AG2,2153,835

.

MERIT ENERGY03,797

.

WOLVERINE3,7583,795

.

WELLS FARGO & CO4,7223,690

.

MITSUBISHI MATERIALS GROUP4,9213,617

.

FORTRESS INVEST CORP3,7883,617

.

ALLIANT TECHSYSTEMS INC03,392

.

DCP MIDSTREAM, LLC3,3383,341

.

TOM L. WARD3,1013,340

.

PACIFIC ENERGY RESOURCES LTD.03,310

.

EGYPTIAN GENERAL PETROLEUM CORPORATION3,2653,265

.

NIPPON OIL CORP03,262

.

CHINAOIL (HONG KONG) CORPORATION LTD.3,7203,198

.

BLUECREST CAPITAL MANAGEMENT GROUP6,1093,176

.

STICHTING PENSIOENFONDS ZORG EN WELZIJN15,0623,032

.

YALE UNVSTY02,968

.

CASCADE INVESTMENT, L.L.C.2,9622,962

.

HOLCO LP02,745

.

ELF TRADING SA2,5742,654

.

BRITISH AIRWAYS PLC1,1562,618

.

KEYBANK NA02,567

.

VIRGIN ATLANTIC AIRWAYS LTD.2392,546

.

SUNCOR ENERGY M1,8422,526

.

CHEVRON U.S.A. INC7,2582,520

.

GOVT OF SINGAPORE14,9252,221

.

NOVA CHEMICALS CORPORATION02,194

.

COMMERZBANK AG1,3802,175

.

N.V. NUON ENERGY TRADE & WHOLESALE2,8182,114

.

NOBLE ENERGY GROUP02,079

.

SOUTHWEST AIRLINES CO.43,2981,817

.

UNIPEC ASIA COMPANY LIMITED6,6151,335

.

CINERGY MKT&TR734992

.

TOR DOM TOR491738

.

BTA WILLISTON A0583

.

VOC BRAZOS0580

.

MV PARTNERS, LP0557

.

ENCANA CORP0547

.

LLOG0540

.

STONE ENERGY0538

.

AIRTRAN AIRWAYS635527

.

OWL CREEK OVERSEAS FUND, LTD.3,299470

.

ENCORE OPER LLC1456

.

CONCHO RES0438

.

MANTI EXP0358

.

ENCORE ACQUISIT0358

.

CONSTELLATION918345

.

EAGLE ROCK GAS59332

.

BURK0270

.

YATES PETRO COR0265

.

BLACK STONE17249

.

FOOTHILL ENERGY0214

.

PETROHAWK ENERG0212

.

RANGE RESOURCE0174

.

KOCK SARL83166

.

TORONTO-DOMINION BANK, THE2,552163

.

SAMSON INV CO0155

.

FC STONE TRD LLC61148

.

TETRA TECHNOLOG0128

.

VESS ENERGY0125

.

COLDREN RES0121

.

ORION GRESTONE0121

.

BORDER ET AL0118

.

BILL BARRETT0116

.

PEAK OIL & GAS0115

.

HELIX ENERGY0114

.

IVANHOE ENERGY0114

.

PENN VIRGINIA11109

.

MEP CANADA LP0104

.

MARKWEST ENERGY094

.

SUMITOMO CORPORATION7,16291

.

SUNDOWN ENERGY079

.

MURFIN INC.073

.

BRIGHAM OIL00

.

RIATA ENERGY053

.

ENERGY CORPORAT053

.

CLASSIC HYDR OP044

.

CNR INTL039

.

BANCO ITAU3029

.

LAREDO024

.

INDIGO MINERALS024

.

M2 MIDSTREAM018

.

NTL BANK CANADA017

.

LAKE RONEL OIL012

.

YOUNGER ENERGY012

.

PETERSON, SCOTT012

.

BANCO SANTANDER289

.

PROVIDENT05

.

DELWARE STREET03

.

MIZUHO GROUP8,5221

.

ENI SPA97,4870

.

ABP34,6510

.

BRIDGEWATER ASSOCS INC24,8110

.

HUNT PETROLEUM GROUP18,6230

.

CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.16,1450

.

ALON REFINING KROTZ SPRINGS, INC.14,2520

.

TEACHER RETIREMENT SYSTEM OF TEXAS7,9770

.

DELTA AIR LINES INC7,9570

.

UAL CORPORATION5,8950

.

WOODSIDE ENERGY LTD5,4340

.

PENN WEST PETROLEUM LTD4,9620

.

TKP INVESTMENTS BV4,9200

.

TALISMAN ENERGY INC.3,8730

.

PETROPLUS MARKETING AG3,8650

.

ENDEAVOR ENERGY RESOURCES, LP3,7090

.

STICHTING BEDRIJSTAKPENSIONENFONDS VOOR DE METALEKTRO3,2690

.

KOREA NATIONAL OIL CORPORATION2,8430

.

BREITBURN OPERATING L.P.2,6480

.

DELEK REFINING, LTD 2,6300

.

BERRY PETROLEUM COMPANY2,6130

.

ONTARIO (PROVINCE OF)2,5980

.

BAYTEX ENERGY TRUST1,8330

.

ALASKA AIRLINES5860

.

SYNGENTA TREAS1490

.

TACA INTL AIR1110

.

ABB CAPITAL BV120

.

BANK OF OKLAHOMA70

.

UFJ BANK LTD.10