Energy Risk
Umbrella coverage
Pauline McCallion investigates the budding opportunities for managing weather risk in the renewable energy sector.
Traders debate position limits at CFTC hearings
The CFTC announced plans to investigate the need for firm position limits in the energy markets on July 7, 2009.
Financials could face carbon curbs under Senate proposals
Senators could call for curbs on who can participate in the carbon market created under the American Clean Energy and Security Act (ACES) when it is considered by the Senate after the August recess. It was passed by the House of Representatives on June…
Pinchin retires from Tradition
David Pinchin has announced his retirement at the end of August as chief operating officer (COO) of Compagnie Financière Tradition, the world's third largest interdealer broker.
Opposition to US climate change legislation gathers pace
The American Petroleum Institute (API) has stepped up efforts to dissuade US Senators from passing cap-and-trade legislation in September.
UNG fund secures $500million gas swap
Exchange traded fund (ETF) the United States Natural Gas Fund (UNG) entered into a natural gas total return swap for $500 million at the end of the last week, following a $250 million bilateral gas swap secured in July.
John Hall Associates and EnergyQuote merge
UK-based energy consultancies and procurement specialists John Hall Associates and EnergyQuote have merged.
CFTC enhances international oversight
The Commodity Futures Trading Commission (CFTC) has revised ICE Futures Europe's permission to operate in the US as part of a wider effort to increase international regulatory co-operation.
UK tax authority arrests carbon fraud suspects
The UK's tax authority HM Revenue & Customs (HMRC) has arrested seven people on the suspicion of a £38 million VAT fraud involving the trading of carbon emissions allowances.
CFTC withdraws ags exemptions
The Commodity Futures Trading Commission (CFTC) withdrew two no-action letters today that provided relief from federal agricultural speculative positions limits laid out in CFTC regulations.
EDH financial boost targets OTC transparency
Point Carbon, a market analysis firm, has taken an undisclosed stake in the Energy Data Hub (EDH) in a bid to increase transparency in the over-the-counter (OTC) energy markets.
South Korea gears up for carbon targets
South Korean companies are demonstrating increased interest in carbon trading, as the country gears up for setting a 2020 emissions reduction target.
Biofuels industry to triple in size by 2020
The biofuels market will reach $247 billion in sales by 2020 according to a report from clean technology consultancy firm Pike Research.
CCX carbon credits may gain SPDC status
The Commodity Futures Trading Commission (CFTC) has issued a Notice of Intent to determine if the Chicago Climate Exchange's (CCX's) Carbon Financial Instrument (CFI) performs a significant price discovery function.
Shariah-compliant commodity trading platform launches
Trading on Malaysian commodity exchange Bursa Malaysia's Shariah-compliant commodity trading platform - Bursa Suq Al-Sila' - began today.
Uncertainty clouds Australia’s carbon trading proposals
The Australian parliament has rejected plans for an emissions trading scheme. The proposed Carbon Pollution Reduction Scheme (CPRS) failed to pass in a Senate vote, but the government plans to re-submit the proposal to the Senate before the United…
Shell and National Grid join UK consortium to build CCS plant
Royal Dutch Shell and National Grid have announced that they will join ScottishPower's carbon capture and storage (CCS) consortium which is in the process of submitting a bid to build the first CCS plant in the UK.
CarbonDesk opens for business
London-based emissions broker the CarbonDesk has obtained regulated status from the UK's Financial Services Authority (FSA) to begin trading futures, options and derivatives products on the global carbon markets.
NGX offers physical clearing for US crude oil
Calgary-based Natural Gas Exchange (NGX) today announced the availability of physical clearing capabilities for the United States crude oil market, effective this week.
Amaranth to pay $7.5 Million fine
The Commodity Futures Trading Exchange (CFTC) announced details today of a court order to settle charges of attempted manipulation of natural gas futures prices against Amaranth Advisors LLC and Amaranth Advisors (Calgary) ULC.
Dong Energy acquires German wholesale company
Danish firm Dong Energy has acquired German wholesale company Kom-Strom for €27 million ($38.23 million) from Essent.
Markit and DTCC to launch automated OTC trade processing
Financial information services company Markit and the Depository Trust and Clearing Corporation (DTCC) will launch a joint-venture to automate OTC derivative trade processing for all major asset classes on September 1.
CME Group to offer Malaysian crude palm oil contract
Malaysian commodities exchange Bursa Malaysia is to partner with global futures exchange CME Group on trade matching services, product licensing and minor cross-equity investments.
Sugar High
Sugar prices have been trading at the highest levels for 28 years this week with ICE Futures US October raw sugar, the global benchmark, closing almost 6% higher at 22 cents/lb and refined white sugar trading on London's Liffe at US$543 per ton.