Energy Risk
A barren landscape
The credit crunch has changed the investment landscape for major energy infrastructure projects, as companies review capex plans and finance drains away. Roderick Bruce examines the implications
Give us credit
Credit is widely seen as the biggest challenge facing energy risk managers in 2009, with many believing a radical overhaul of existing risk practices is due. Pauline McCallion investigates
Regulatory risk hits US emissions markets
Worrying regulatory indecision in the US SO2 and NOx markets has angered traders and does not bode well for the implementation of a federal cap and trade scheme, finds Roderick Bruce
Renewed scrutiny for WTI benchmark
The effectiveness of the WTI price benchmark in reflecting the value of global crude oil has once again been brought into question, finds Pauline McCallion
AAUs: hot commodity or just hot air?
A recent flurry of deals for government-level carbon credits has increased interest in the potential for the AAU market. Roderick Bruce investigates
CME launches weather contracts for Australia
CME Group is expanding its suite of temperature-based weather derivatives products to include Australian cities Melbourne, Sydney and Brisbane.
GDF Suez and Iberdrola form UK nuclear team
GDF SUEZ and Iberdrola have entered a joint-venture partnership to participate in the development of new nuclear power stations in the UK.
DGCX plastics contracts launch postponed
The launch of two new plastics futures contracts at the Dubai Gold & Commodities Exchange (DGCX) has been delayed.
ECX to launch spot contracts in March
The European Climate Exchange (ECX) and ICE Futures Europe will launch daily futures contracts for EUA and CER emissions credits "sometime in March", according to ECX CEO Patrick Birley.
The fight is on for LCH
US clearing giant The Depository Trust & Clearing Corporation (DTCC) has insisted that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
Macquarie buys Constellation’s downstream gas business
Macquarie Group has announced that it is buying Constellation Energy's Houston-based downstream natural gas trading operations for an undisclosed fee.
Derivatives to move to exchange-cleared platforms in 2009
Financial industry experts are predicting a further shift in how derivatives are traded in 2009, with exchange-traded products expected to take over from OTC derivatives, according to a survey by derivatives technology provider Sophis.
DME oil benchmarks migrate to CME platform
Dubai Mercantile Exchange (DME) and Chicago Mercantile Exchange (CME) have completed the migration of three DME crude oil benchmark products onto the CME Globex platform.