Energy Risk
Launch of Indian Bullion Market Association
The Indian Bullion Market Association (IBMA), a national level body representing the Indian bullion trade and industry, was launched today in alliance with Mumbai-based National Spot Exchange (NSEL.)
Singapore and Indian commodity exchanges unite
The Singapore Commodity Exchange Limited (SICOM) and the National Commodity & Derivatives Exchange Limited (NCDEX) based in India have signed a heads of terms agreement that will allow certain products to be traded and cleared in both exchanges.
Sheikh Yamani: Saudi Arabia unlikely to embrace oil futures
In an interview this week, former Saudi oil minister Sheikh Yamani told Energy Risk that futures trading on exchanges had turned the global crude oil market into a "casino".
Singapore and Indian commodity exchanges unite
The Singapore Commodity Exchange Limited (SICOM) and the National Commodity & Derivatives Exchange Limited (NCDEX) based in India have signed a heads of terms agreement that will allow certain products to be traded and cleared in both exchanges.
Macquarie to acquire Canadian energy firm
Macquarie Group has announced a C$116 million agreement to acquire Tristone Capital Global, a Canadian energy advisory firm, and create an integrated energy platform offering advisory, capital markets, research and trading expertise.
Adaptation Fund sells first CERs
The World Bank's Adaptation Fund has sold its first Certified Emission Reductions (CERs) as part of its CER monetisation programme.
EGL opens UK office
EGL (Elektrizitäts-Gesellschaft Laufenburg), an asset-backed Swiss energy trading firm that forms part of supply company Axpo Group, is to open a London office under the name EGL UK.
Ontario debates cap-and-trade scheme
Cap-and-trade legislation introduced this week by the Government of Ontario, Canada proposed a 6% cut in greenhouse gas (GHG) emissions from 1990 levels by 2014.
Shell reorganises business structure
Royal Dutch Shell has announced a series of changes to its organisational structure including the merging of its upstream businesses and the launch of a new projects and technology business.
Carbon industry calls for clarity on emission targets
Leading carbon market figures at the Carbon Expo conference in Barcelona have demanded increased clarity on four crucial issues ahead of the UN's COP 15 climate talks in Copenhagen in December.
New LNG reporting tool launched
A new daily gas flow and LNG vessel movement reporting service for energy traders and analysts has been launched by shipping information specialists Lloyd's Register-Fairplay and energy trading software company Innovez.
Exelon presses on with NRG acquisition
The Federal Energy Regulatory Comission (FERC) has approved Exelon Corporation's application for its proposed acquisition of NRG Energy.
ASX to launch coal futures on July 7
Australian Securities Exchange (ASX) has received regulatory clearance to launch its physically delivered thermal coal (FOB Newcastle) futures and options contracts on July 7.
New RFS proposal could hurt corn demand
The Environmental Protection Agency's (EPA) latest proposed regulations for the National Renewable Fuel Standard (RFS) has cast doubt on corn's future as the primary source of ethanol in the US.
Voluntary carbon market doubles in 2008
The voluntary carbon market is maturing fast and more than doubled in size last year, according to a new study from research firms Ecosystem Marketplace and New Carbon Finance.
House energy committee passes cap-and-trade bill
The Energy and Commerce Committee of the House of Representatives approved The American Clean Energy and Security Act by a vote of 33 to 25 yesterday.
Munich Stock Exchange to offer spot carbon trading
The Munich Stock Exchange plans to enter the carbon market with the introduction of spot trading for European Emission Allowances (EUAs) and Certified Emission Reduction units (CERs) in the summer.
EOXLive platform offers OTC nat gas swaps and swap spreads
EOX Holdings has added OTC fixed natural gas price swaps and swap spreads to its EOXLive trading platform. EOX Holdings is owned by independent interdealer broker OTC Global Holdings (OTCGH), which uses the platform.
Eurex launches silver derivatives
Derivatives exchange Eurex has announced that from June 15, it will extend its commodity product offering with new silver futures and options.
CME Group to launch cleared petroleum swaps
CME Group will launch a clearing service for eight new Nymex petroleum swap futures contracts on May 31.The contracts will be cleared through CME Clearport and are expected to appeal to both US and European airline industry for hedging and to the US…
Norway to sell 12.7 million EUAs in 2009
The Norwegian Ministry of Finance has announced it will sell 12.7 million EUAs this year through Barclays Capital.
DOE announces $2.4bn in CCS funding
US Energy Secretary Steven Chu has awarded $2.4 billion from the American Recovery and Reinvestment Act to the development of carbon capture and storage (CCS) technology.