Energy

Nymex takes 15% share in Imarex

New York Mercantile Exchange (Nymex) has agreed to acquire 15.1% of Norwegian derivatives exchange Imarex for around $52 million. Nymex will buy the shares from founding Imarex shareholder Frontline, a Bermuda-based crude oil tanker company.

JP Morgan launches commodity curve index

JP Morgan has launched its Commodity Curve Index (JPMCCI), a family of passive benchmark indices that are curve-neutral and diversified across a broad universe of commodities. The index captures investment opportunities across the futures curve while…

Crude hits new record high

Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.

Amaranth denied by court

A New York judge has denied Amaranth Advisors’ request to prevent the Federal Energy Regulatory Commission (Ferc) from pursuing legal action against it while it was being sued by another federal agency.

Andrew Polydor

Tullett Prebon Energy's managing director EMEA Andrew Polydor talks with Oliver Holtaway about his optimistic outlook and his competitive approach to charity auction dinners

Counting the costs

The cost of much needed oil exploration and production projects has spiralled recently. Roderick Bruce looks at what is driving the cost rises and what their effect may be

Closer to the asset

As physical oil trading is increasingly influenced by supply and logistics issues, integrating specialised operational aspects into commercial risk models has become key. David Newton, CEO of TradeCapture, looks at how these challenges are changing…

Weathering the subprime meltdown

While conventional markets have been battered by the subprime crisis, weather market players have enjoyed high returns. Investing in weather derivatives provides insulation from volatile, chaos-prone and unpredictable human decision-making processes,…

Hedge funds: The bargain hunters

There are rich pickings to be had amongst the ruins of the summer's ravaged credit markets: hedge funds that survived the crisis are now putting together funds to invest in the wide availability of cheap securities. Nikki Marmery meets the executives at…

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