Energy Risk
RGGI futures competition hots up
As the fledgling US Regional Greenhouse Gas Initiative finds its feet, is there sufficient liquidity for two exchange-traded futures contracts? Katie Holliday finds out. Additional reporting by Roderick Bruce
Romanian wind farm to be largest in Europe
European utility giant CEZ Group has bought two adjacent wind farms in Romania from Eastern European renewables developer Continental Wind Partners (CWP).
MF Global establishes nuclear trading desk
Broker MF Global has set up its first nuclear fuel trading desk. Based in London, the new desk will provide the primary nuclear fuel market with a forum for the sale and purchase of physical uranium oxides, as well as a suite of uranium price hedging and…
Dow Jones and CCX launch emissions indexes
Index provider Dow Jones Indexes and Chicago Climate Exchange (CCX), have launched two new carbon credit price indexes.
RGGI futures contracts start well
Trading of Regional Greenhouse Gas Initiative (RGGI) CO2 futures contracts on the Chicago Climate Futures Exchange (CCFE) got off to a positive start since their launch on 15 August.
Braemar and Tullett Prebon form FFA broking team
UK-based shipping company Braemar Seascope and global inter-dealer broker Tullett Prebon have initiated a joint-venture to concentrate on broking forward freight agreements (FFAs).
Shareholders approve CME / Nymex deal
Shareholders at the Chicago Mercantile Exchange (CME) and the New York Mercantile Exchange (Nymex) have voted in favour of a merger between the two exchanges.
World Energy to host RGGI carbon allowance auction
US online exchange operator World Energy has signed a contract with RGGI Inc – an administrative subsidiary of the Regional Greenhouse Gas Initiative (RGGI) – to host its first auction for regional carbon dioxide (CO2) allowances.
Special Report: Energy-intensive corporations
The impact of fuel costs on the bottom line of energy-intensive companies has grown steadily over recent years, but when the price of crude oil spiked to $147 a barrel in mid-July, even the world’s largest industrial corporations began to feel the pinch.
Evolution launches catastrophe derivatives division
Environmental brokerage firm Evolution Markets has introduced a brokerage and transaction service to focus on the catastrophe derivatives market.
Energy Risk’s Asia Awards 2008
The emerging and often illiquid nature of some of Asia’s energy markets has made them a challenging environment in which to work during the credit crunch. Despite this, there are some impressive success stories. Our Asia Awards honour seven companies…
The price isn’t right
Shifting European power marketstructures and fundamentalsmake price risk management formajor consumers a real challenge.Noreen Guy and Damien Coxexamine the most effectiveprocurement strategies
Grabbing new business
Global exchanges are vying for a largerslice of the growing OTC market, just asincreasing US market regulation couldpush business towards regional exchanges.Catherine Lacoursière reports
Where to now?
Is risk management improving? Are thegas markets safe? Where are oil pricesgoing? Respondents give their opinionsin a survey conducted at Energy RiskUSA. Katie Holliday reports
Calibrating trees to the market prices of options
How trinomial trees can be used to calibrate a local volatility model tothe market prices of average price options. By Jim Clark, Les Clewlowand Chris Strickland
Market focus
Northern Europe’s power generation fleet is set to undergo drastic changes going into the next decade due to regulation and retirements. Point Carbon analysts Paulo Homen Cristo and Mauricio Bermudez-Neubauer outline the potential impacts these factors…
DME sells equity stake to trading firms
The Dubai Mercantile Exchange (DME) has concluded the sale of a 20% equity stake in the exchange to six global financial institutions and energy trading firms.
Limited oil and gas resources seen as biggest risk for NOCs
Limited oil and gas resources were identified as the highest risk issue for national oil companies (NOCs), according to a survey of NOCs by risk advisory firm Marsh.
Carbon market associations join forces
A merger between the Carbon Markets Association (CMA) and International Carbon Investors (ICI) has brought together sixty banks, law firms and service providers that work within the carbon market, including Barclays Capital, JP Morgan and RBS Sempra.
BlueNext CER spot to launch on August 12
Paris-based environmental exchange BlueNext will launch trading in its physically delivered Certified Emissions Reduction (CER) spot contract on August 12.
Nymex steeled for futures launch
New York Mercantile Exchange plans to launch index-based financially settled steel futures contracts early in the fourth quarter of 2008.