Energy
Dubai and sell
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Unfit for consumption
Special Report: Commodity Futures
Corporates burned
Cover story
Points of principle
Liquidity risk
Green Exchange to launch RGGI futures and options in August
The Green Exchange, an environmental exchange backed by New York Mercantile Exchange (Nymex), will launch futures and options contracts based on Regional Greenhouse Gas Initiative (RGGI) carbon allowances at the end of August.
GFI expands in European Gas
Interdealer broker GFI has started broking Title Transfer Facility (TTF) on its EnergyMatch Europe electronic trading platform.
CFTC dismisses speculation speculation
The US Commodity Futures Trading Commission (CFTC) has found no evidence that speculation is responsible for the rise in crude oil prices, despite political pressure to curb the activities of hedge funds and other futures investors blamed for high fuel…
ING unveils principal protected oil-linked fund in Thailand
ING is launching a new principal protected fund in Thailand, linked to the performance of the Nymex WTI Crude Oil Index. The fund was due to float yesterday, but has been delayed as the bank waits for the final approval on the index from Thai regulator…
Oil hedging losses hit SemGroup
Tulsa, Oklahoma-based midstream oil company SemGroup has filed for bankruptcy following a $2.4 billon loss on its hedging program on the New York Mercantile Exchange (Nymex).
CBOE launches crude oil volatility index
Chicago Board Options Exchange (CBOE) has launched the CBOE Crude Oil Volatility Index (OVX).
ICE cool about further regulation
ICE Futures chairman Bob Reid said today he was “relaxed” about the CFTC regulation of ICE Futures Europe.
ICE and NGX expand physical natural gas clearing
IntercontinentalExchange (ICE) and Calgary-based Natural Gas Exchange (NGX) are to provide deal entry capability to energy brokers for physically cleared OTC natural gas contracts.
Uncharted territory
As crude oil prices soar, the coming hurricane season looks set to add yet more complexity to US airlines’ dynamic hedging programmes. Catherine Lacoursière reports
Volatility in dry bulk freight rates
Volatility in dry bulk freight rates has hit record levels in recent weeks.Peter Norfolk at SSY Consultancy & Research discusses the trend
Singapore announces commodities exchange
Trading technology company Financial Technologies Group is to launch a Singapore-based commodities exchange, it has announced.
Singapore announces commodities exchange
Trading technology company Financial Technologies Group is to launch a Singapore-based commodities exchange, it has announced.
Quant Congress: Models not to blame for stat arb crisis
Quantitative investment models were not responsible for the ructions in the statistical arbitrage sector in August 2007 and would, in fact, have proved extremely profitable should funds have weathered the storm, delegates at Quant Congress USA heard…
World Bank tests water with Malawi drought risk trade
The World Bank will close a weather derivatives trade by October 1, a move intended to hedge the Malawian government against the financial risk of severe or catastrophic drought.
T Boone launches wind power plan
Texas oilman T Boone Pickens has launched a plan to address the United States’ dependence on foreign oil by aiming to generate at least 20% of the nation’s energy supply through wind power.
Jet fuel futures contract takes off at MCX
Mumbai, India-based Multi-Commodities Exchange (MCX) has begun trading jet fuel futures contracts to help Indian airlines and refineries hedge against rising crude oil prices.
Eighth European Performance Awards 2008
European Performance Awards 2008