Energy
Dissatisfied with CAIR replacement, market calls for legislative fix
Proposals to replace the existing US SO2 and NOx emissions reduction schemes may not be enough to remove market uncertainty.
CantorCO2e’s UK carbon desk closure signals consolidation trend
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected.
China homes in on shale gas
China hopes to replicate the United States’ success in exploring and producing shale gas as the country looks to tap into new energy resources
Commodity markets face hedging activity boost
With commodity market conditions seemingly ripe for consumer hedging, Lianna Brinded looks at whether there has been a recent uptick in consumer hedging activity
Gap between PR on safety & reality hit BP
BP has been accused of negligence and arrogance following the Deepwater Horizon disaster. Alex Davis examines the central role energy sector reputational risk management must now play
Knock-on effects of US drilling ban could be long-lasting
What longer-term implications could the moratorium on new drilling in the Gulf of Mexico have on production costs and supply amid uncertainty over new regulations asks Pauline McCallion
European refineries face difficult times
European refining has been in the doldrums for the last few years. Alex Davis looks at the outlook for Europe’s refiners and at how this will affect hedging strategies
The slow growth of the carbon offsets market
Despite the integral role played by forests in efforts to combat global warming, the market for forest-based carbon offsets has been slow to develop. Katie Holliday talks to experts about how this landscape is now changing
US power markets switch to nodal trading
Several North American power market system operators have switched to a nodal system in recent years in search of greater market transparency, more granular and accurate pricing and the ability to manage congestion more precisely. Pauline McCallion looks…
Obstacles in the UK power market
An uncertain landscape for the UK power market is discouraging the participation of smaller electricity companies and preventing the development of healthy liquidity levels, say experts. Katie Holliday investigates the market’s prospects
White House to appeal block on drilling moratorium
The US President will immediately appeal yesterday’s ruling by a Louisiana judge to block the six-month drilling moratorium put in place in the wake of the Deepwater Horizon spill in the Gulf of Mexico
IEA warns over medium-term global crude oil markets
Despite improvements in investment outlook since 2009, the IEA still has reservations about supply concerns in the next five years
Experts examine US power clearing and netting needs
As the US Congress moves to boost derivatives clearing requirements, an industry panel has called for regulators to investigate a move towards clearing and netting across US power markets and to clarify the legal uncertainty in the area
Analysts quell crude supply fears from Gulf of Mexico spill
The effect on global crude supply in the short-term from the BP spill will be minimal, although production costs will rise, say analysts
Gazprom: European gas secure despite Belarus dispute
Gazprom quells market fears over a future European gas shortage by confirming its “readiness” to ensure additional gas deliveries to Europe in the event of Belarus shutting off Gazprom’s main gas transit system through the country
Russian exchanges energise market with power contract launch
Russia forges a stronger foothold in the global power markets, after two exchanges team up to launch a power futures contract
Delay of aviation EU ETS inclusion ‘unlikely’
Experts doubtful over a delay to aviation's entrance into the EU ETS due to the volcanic ash cloud, after Lufthansa CEO calls for delay until 2013
Long-term concerns over Gazprom dispute with Belarus
Market participants warn of possible long-term European gas import concerns, after Gazprom slashes gas supplies to Belarus over a debt payment dispute, echoing the European gas import crisis of 2009
New contract capitalises on Canadian heavy crude growth
A Canadian heavy crude oil contract launched this week will help oil market participants to exploit expected production growth in heavy crude from Canadian oil sands
Tradition closes its first Italian gas trade
Tradition has closed its first Italian gas trade on the back of rising liquidity in the Italian gas and power markets
Senate upholds EPA carbon regulation powers
The US Senate voted against stripping the Environmental Protection Agency (EPA) of its powers to regulate carbon emissions yesterday, and is now set to consider a new energy bill without a cap-and-trade element
China to continue to drive global oil demand growth
Chinese oil appetite will account for almost half of global oil demand growth in the next five years but could be limited by the debt crisis in OECD countries
Exclusive video: Impact of CO2 on power prices
Power risk managers may face previously unforeseen cost challenges in the next few years, as not enough research has been done to quantify the marginal effects carbon dioxide (CO2) emissions prices will have on the electricity generation sector, says…
Oil outlook revised down
Oil prices are not expected to top $100/bbl in 2010 as energy sector participants pare down their 2010 forecasts in light of supply issues