Energy Risk
Sempra Energy to partner with Royal Bank of Scotland
Sempra Energy today announced that it will form a joint venture with the Royal Bank of Scotland (RBS) to significantly expand Sempra Energy’s commodity-marketing business.
Nymex calls for full ICE regulation
The New York Mercantile Exchange (Nymex) has called for full regulation of its Atlanta-based rival IntercontinentalExchange (ICE) following a federal report which said that the current jurisdiction of federal regulators is not wide-ranging enough.
Dry freight forward volumes rise sharply
The latest figures issued by the Forward Freight Agreement Brokers Association (FFABA), compiled by the maritime information provider Baltic Exchange, show a 32% jump in dry FFA volumes from the first to second quarter of 2007.
Cbot says yes to CME
Chicago Board of Trade (Cbot) chairman Charles Carey says that shareholders have voted “overwhelmingly” in favour of a merger with the Chicago Mercantile Exchange (CME), paving the way for the creation of the world’s largest derivatives exchange.
CME makes “final” offer for Cbot
The Chicago Mercantile Exchange has boosted its offer for the Chicago Board of Trade for a third time, wooing its biggest shareholder in the process.
Cbot voters may shun CME bid
Pressure is being placed on the Chicago Mercantile Exchange (CME) to raise its bid for the Chicago Board of Trade (Cbot) ahead of a crucial vote by both sets of shareholders on Monday.
Physical delivery hits 4000 mark on DME Oman contract
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been…
Bear Energy launches in Europe
US investment bank Bear Stearns International has launched its European energy business with the appointment of Etienne Amic as head of Bear Energy in Europe. The European venture will offer structured origination and financial products, including…
US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.
Triple Point launches Commodity XL for Biofuels and Commodity XL Xchange
Triple Point Technology, a supplier of software platforms for the supply, trading, marketing and movement of commodities, has released Commodity XL for Biofuels. The platform is intended to address the rapidly escalating global market for renewable…
EDF Trading moves into biomass market
EDF Trading, the subsidiary of utility EDF responsible for wholesale market activity, has acquired biomass company Renewable Fuel Supply Limited (RFSL).
Drought damage down under
The current drought in Australia has driven power prices to recordhighs. Early-June storms brought increased volatility and makinghedging even trickier for all market participation. Joe Marsh reports
Steve McMillan
Steve McMillan, a pioneer and veteran of the derivatives business and the new chief executive of Imex, tells Roderick Bruce about the personal and career challenges presented by his new role
The net widens
Grid computing is ubiquitous in investment banking, yet until now the energy trading and risk management space has been slow on the uptake. This looks set to change, reports David Watkins
Energy Risk in Asia
Last month risk management professionals from all over the Asia-Pacific region gathered in Singapore for the inaugural Energy Risk Asia conference. Oliver Holtaway reports on some of the highlights
Operating optimally
The increase in energy trading in recent years has brought significant opportunities but also a rise in operational risk, leaving systems struggling to keep up. Barney Brown at Detica identifies some areas of operational risk deriving from both internal…
Investors go green
More and more private equity firms are entering the renewable energy space. For some firms, this means adjusting their traditional investment approach. Tom Murley of HgCapital speaks to Oliver Holtaway about the prizes and pitfalls of investing in…
Profit and loss explained
Profit and loss explained analysis and reporting has become arequired tool for the middle and front office. Brian Shydlo investigates
Cross purposes
Cross-commodity trading, once the preserve of the large banks, isbecoming a more widespread practice throughout the energy tradingspace. Nathan Amery explores the phenomenon
Up in the air
Rising wind power prices are encouraging US producers to turn to the short-term and spot electricity markets. Increasingly sophisticated risk management techniques may follow. David Watkins reports