Energy
End-user forum
Energy procurement and price risk management is an increasingly vital function for energy intensive companies, from airlines and cement manufacturers to supermarket retailers. Roderick Bruce investigates the challenges facing such companies in Europe and…
CFTC: Amaranth manipulated gas prices
US futures market regulator alleges that the defunct hedge fund sought to influence the settlement price of Nymex natural gas futures by selling heavily during the closing range. David Watkins reports
Reports fuel supply fears
Upwardly revised oil price forecasts and recent reports from the International Energy Agency and the US National Petroleum Council point to growing unease about global energy supplies, writes David Watkins
Bank of America invests in Climate Exchange
As part of a ten year, $20 billion environmental initiative, Bank of America has established a joint venture with Climate Exchange (CLE) by acquiring 0.5% of CLE’s current issued share capital.
Wells Fargo to offer electricity price risk management, RECs
US financial services company Wells Fargo is to offer an electricity price hedging facility, enabling middle market companies to manage their power costs.
The balancing act
CDPCS
Merrill Lynch introduces energy efficiency index
Investment bank Merrill Lynch has introduced a new index, comprised of 40 companies from industry sectors that may benefit from the global drive to improve energy efficiency, reduce carbon emissions and the cost of energy.
First oil futures curve ETFs to list on LSE
Within the next two weeks The London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
“Enron Loophole” will soon be closed: Levin
Senator Carl Levin, who chairs the US Senate's permanent subcommittee on investigations, has said that he will soon introduce legislation that will increase regulatory scrutiny of the over-the-counter (OTC) markets.
Maybank offers hybrid deposit product in Malaysia
Maybank in Malaysia has launched a capital protected structured deposit product. The AsiaPac Hybrid Capital Protected offers 100% capital protection and a minimum 8% guaranteed return upon maturity.
First oil futures curve ETFs listing on LSE
In the next two to three weeks, the London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
Amaranth manipulated gas prices: CFTC
The US Commodity Futures Trading Commission has charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
Amaranth in civil lawsuit battle
The Amaranth saga continues as the US Commodities and Futures Trading Commission (CFTC) announced today it is filing a civil enforcement action against the hedge fund and its former head energy trader, Brian Hunter.
SGX AsiaClear adds to OTC BOM contract suite
Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of over-the-counter (OTC) balance-of-month (BOM) Dubai crude oil swap and kerosene swap contracts from August 2.
WTI, Brent climb after IEA report
A report from the International Energy Agency (IEA) has called for the Organisation of Petroleum Exporting Countries (OPEC) to increase production in order to relieve market tightness going forward.
Meteor Launches Galaxy Protected Commodities Plan 2
Meteor Asset Management, the investment and retail products arm of Meteor Capital Holdings, has launched a second version of the Galaxy Protected Commodities Plan 2.
OTC energy derivatives regulations to tighten
US regulators could be one step closer to achieving their aim of closing the ‘Enron loophole’ that exempts electronic energy exchanges such as the Atlanta-based Intercontinental exchange (ICE) from regulatory oversight.
Nymex calls for full ICE regulation
The New York Mercantile Exchange (Nymex) has called for full regulation of its Atlanta-based rival IntercontinentalExchange (ICE) following a federal report which said that the current jurisdiction of federal regulators is not wide-ranging enough.
Dry freight forward volumes rise sharply
The latest figures issued by the Forward Freight Agreement Brokers Association (FFABA), compiled by the maritime information provider Baltic Exchange, show a 32% jump in dry FFA volumes from the first to second quarter of 2007.
US Futures Exchange to list wind derivatives
The Chicago-based US Futures Exchange (USFE) will list futures contracts on average wind speeds within the next three months.