Energy Risk
New member registrations reopened on Climex
Netherlands-based exchange Climex, which offers environmental and energy contracts, has reopened its membership registration for the carbon spot exchange after reviewing and amending its criteria.
DB liquidates oil ETN
Deutsche Bank will close down one of its exchange-traded oil products amid an investigation by regulators into the need for tighter oversight of energy futures markets.
Duke Energy withdraws from Clean Coal coalition
US utility Duke Energy has withdrawn from the American Coalition for Clean Coal Electricity (ACCCE) because of constraints imposed by influential member companies who will not support passing climate change legislation in 2009 or 2010 the company said.
LME delays launch date for minor metals
The London Metal Exchange (LME) has delayed the launch of its new minor metals contracts for molybdenum and cobalt until February 22 2010.
E.ON completes 475MW wind farm in US
German utility E.ON has announced the completion of its 457.5 megawatt (MW) Panther Creek wind farm in Texas, making it one of the ten largest wind farms in the United States.
Over-regulation will drive business overseas says Baltic Exchange
The Baltic Exchange has warned that too much regulation will damage the freight derivatives market and drive business away from Europe following a consultation paper published by the European Commission (EC.)
CFTC implements COT report changes
As of Friday September 4, the Commodity Futures Trading Commission (CFTC) will implement changes to its weekly Commitments of Traders (COT) reports first announced in July.
Senators delay climate change legislation
Draft climate change legislation scheduled for release next week has been delayed until later this month.
CFTC releases MGEX enforcement review
High staff turnover and unprecedented market volatility and volume affected the Minneapolis Grain Exchange's (MGEX's) ability to perform all of its self-regulatory functions in recent years, according to the Commodity Futures Trading Commission (CFTC).
DOE awards $500m to clean energy projects
Treasury Secretary Tim Geithner and Energy Secretary Steven Chu today announced $502 million would be distributed to clean energy projects in the first round of awards from the stimulus package passed in February.
PetroChina acquires oil sands stake
PetroChina has paid C$1.9 billion for a 60% interest in two projects in the Athabasca Oils Sands in Alberta, Canada.
Report questions CFTC speculation investigation
Models used by the Commodity Futures Trading Commission (CFTC) last year to assess the effect of speculation on the price of oil might have been inadequate, according to a report released this week.
Nord Pool Spot plans to restructure Lithuanian electricity market
Norwegian derivatives exchange Nord Pool Spot and Lithuanian Transmission System Operator (TSO) Lietuvos Energija have announced plans to restructure the Lithuanian electricity market by January 1, 2010.
Switzerland adopts a 20% carbon reduction target
The Swiss government has announced it will cut GHG emissions to levels 20% below 1990 levels by 2020.
Spectron launches iron ore desk
Commodities brokerage Spectron has launched an iron ore trading desk covering global iron ore swaps markets.
Australia gives go ahead to LNG project
Australian federal environment minister Peter Garrett has granted approval for the Gorgan Project, one of the world's biggest liquefied natural gas (LNG) developments.
DTEK creates European electricity trading platform
Ukrainian fuel and energy provider DTEK has created a subsidiary company, Power Trade, enabling it to trade and export electricity to Europe and the Commonwealth of Independent States (CIS).
Could energy follow finance into meltdown?
Energy companies aspiring to gain Tier I status have long emulated the banking model, in which trading is the repository for pricing and the management of market risk. In light of what has happened to many banks, should energy companies be adopting this…
Market questions UNG's influence
The US Natural Gas Fund (UNG), an exchange-traded fund (ETF) that tracks the prompt-month US natural gas price by buying Nymex futures and Nymex / ICE Henry Hub swaps, has caused controversy by building up a large market position.
Dry bulk market's revival
The dry bulk freight market is showing increasing volatility after slumping earlier in the year. Peter Norfolk of SSY looks at the reasons why
Steering out of turbulence
In recent months, Germany's national carrier Lufthansa has faced one of the most challenging operating environments in its history. Its fuel hedging team has played an important role in navigating the firm through turbulent markets, finds Roderick Bruce
Green skies ahead?
Biofuels could become part of the jet-fuel blend in as little as two years and ready for large-scale use by 2015, say experts. Katie Holliday talks to airlines, biofuels experts and carbon traders about the implications for the jet fuel market.
Flying into a storm
Extreme volatility in oil markets has caused hundreds of millions of dollars in losses on airline fuel hedges. At the same time, burgeoning margin calls have forced some to get creative with collateral agreements. How is the airline industry adapting? By…
Green shoots
Will the US Department of Energy's stimulus funding provide the financing required by the renewable energy sector?