Energy
Renewed scrutiny for WTI benchmark
The effectiveness of the WTI price benchmark in reflecting the value of global crude oil has once again been brought into question, finds Pauline McCallion
CME launches weather contracts for Australia
CME Group is expanding its suite of temperature-based weather derivatives products to include Australian cities Melbourne, Sydney and Brisbane.
ECX to launch spot contracts in March
The European Climate Exchange (ECX) and ICE Futures Europe will launch daily futures contracts for EUA and CER emissions credits "sometime in March", according to ECX CEO Patrick Birley.
The fight is on for LCH
US clearing giant The Depository Trust & Clearing Corporation (DTCC) has insisted that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
DME oil benchmarks migrate to CME platform
Dubai Mercantile Exchange (DME) and Chicago Mercantile Exchange (CME) have completed the migration of three DME crude oil benchmark products onto the CME Globex platform.
Shipping out
The shipping industry has suffered huge losses in recent months, with the Baltic Exchange Dry Index sinking 94% between May and December last year. What are the knock-on effects for the developing freight derivatives market? Christopher Whittall…
Hedge of darkness
Cover Story
Death by CDO
Synthetic credit
Islamic inroads
Cover story
Damage limitation
Book review
US regulatory overhaul inches closer
Editor's blog
Mercuria opens office in Nigeria
Oil and petroleum products trading group Mercuria Energy will open an office in Abuja, Nigeria on February 5.
RWE Supply & Trading opens Dubai office
RWE Supply & Trading opened an office in Dubai this month to cover activities in the natural gas and LNG markets.
FFA market shifts further towards clearing
Fears of counterparty credit risk have led to a sharp migration towards clearing in the freight derivatives market over the past four months. The ratio of cleared forward freight agreement (FFA) trades to non-cleared over-the-counter trades in the last…
Total moves to boost oil sands involvement
Total E&P Canada has announced an offer to acquire Toronto-listed UTS Energy (UTS) for C$617m.
European Commission plans global carbon trading scheme
The European Commission (EC) today set out proposals for a global agreement to tackle climate change, a pact it hopes will be signed at the UN climate conference in Copenhagen in December.
US wind energy grows by 8300 MW in 2008
A record 8358 megawatts of new wind-powered generating capacity was installed in the US in 2008, according to the American Wind Energy Association (AWEA). The $17 billion investment represents a 50% growth on 2007 generation levels.
CME and JSE to cooperate on corn futures contract
The Johannesburg Stock Exchange (JSE) is to license CME Group's benchmark corn futures settlement prices to create a new JSE cash-settled corn futures contract.
Freight derivatives market shifts further towards clearing
Fears of counterparty credit risk have led to a sharp migration towards clearing in the freight derivatives market over the past four months. The ratio of cleared forward freight agreement (FFA) trades to non-cleared over-the-counter trades in the last…