Energy Risk
Ethanol in “hangover mode” as sector looks to restructure
The unbridled optimism which spurred the ethanol markets in 2006 has been replaced by fears over the sustainability of some corn-based projects, according analysts speaking at this week’s Renewable Energy Finance Forum in New York.
Mixed motives as ICE buys Canadian exchange
IntercontinentalExchange (ICE), the electronic energy and soft commodity bourse, has entered into an agreement to purchase Winnipeg Commodity Exchange (WCE), Canada’s main agricultural commodity futures and options exchange and home to the world’s…
Spectron trades first OTC REC option
Energy broker Spectron has brokered the first over-the-counter option on US renewable energy credits (RECs)
GlobalView to offer SSY tanker data
Tanker data from shipbroker Simpson, Spence & Young (SSY) will become available through data management provider GlobalView’s MarketView solution.
RBS rumours rise on Sempra sale speculation
Sempra Energy is reportedly in talks with the Royal Bank of Scotland (RBS) regarding the potential sale of its commodities arm, Sempra Commodities.
BNP Paribas enters agreement with Trading Technologies
Trading software developer Trading Technologies (TT) and BNP Paribas Commodity Futures have entered into a global software licensing and distribution agreement.
LME to launch steel futures in 2008, DGCX steel launch delayed
The London Metal Exchange (LME) will commence futures trading in steel billet in April 2008. There will be two separate regional contracts, defined by the LME as for the Near East and Far East respectively
Nymex reportedly in sale talks
The New York Mercantile Exchange (Nymex), the world's leading energy exchange, is reportedly in talks regarding a possible sale to NYSE Euronext, Deutsche Boerse AG or Chicago Mercantile Exchange Holdings Inc.
Ventyx acquires Global Energy Decisions
Ventyx, a service delivery management solution provider, today announced that it has acquired Global Energy Decisions, a provider of integrated software, data and advisory services to the utility industry, from private equity firm Quadrangle Group.
CME sweetens Cbot offer
The Chicago Mercantile Exchange (CME) has bolstered its offer for the Chicago Board of Trade (Cbot).
CME, Cbot deal given go-ahead
The US Department of Justice has approved the Chicago Mercantile Exchange’s (CME) plans to merge with the Chicago Board of Trade (Cbot).
ECX and ICE launch CER futures contract
The European Climate Exchange (ECX) and ICE Futures today announced the launch of CER (certified emissions reduction) futures and options contracts, subject to regulatory approval.
JPMorgan to expand commodity trading presence
JPMorgan plans to increase its global commodity trading staff by more than 30% within 12 months.
Macquarie and Nomura form commodity alliance
Macquarie Bank and Nomura Securities, a Japanese securities and investment banking company, have agreed to establish a business alliance in commodity derivatives, which will provide commodity derivative and commodity-based investor products to customers…
Virgin Trains to use biofuel
Greenergy Fuels, the UK’s leading independent fuels supplier, will partner with Virgin Trains to supply up to 27,000 litres per week of a new B20 biofuel blend, which contains 20 per cent biodiesel and is designed for trains.
CCFE launches clean energy index
The Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of Chicago Climate Exchange (CCX), announced today that it will launch a futures contract based on WilderHill Clean Energy Index (ECO) on July 13.
Nymex to join ConfirmHub
Nymex Holdings has executed a letter of intent to join other market players in support of the ConfirmHub standard, which allows energy traders and back offices to receive their Nymex brokered and bilateral over-the-counter cleared trades, as well as…
FSA grants CME right to provide clearing in UK
The UK’s Financial Services Authority (FSA) has granted the Chicago Mercantile Exchange (CME) the status of a recognised overseas clearing house (ROCH), enabling the exchange to provide global clearing services to market participants in the UK.
EDF Trading builds its natural gas business in Spain
EDF Trading, the subsidiary of French utility EDF, responsible for wholesale energy market activity, has been granted a licence to trade physical natural gas in Spain and plans to start delivery of physical gas to market counterparties later this year.
ETG Capital opens energy hedge fund
Houston-based hedge fund firm ETG Capital Management has launched an energy fund.
World Energy acquires EnergyGateway
World Energy Solutions, an operator of online exchanges for energy and energy related products, has completed the acquisition of EnergyGateway, a leading online broker of natural gas and electricity for commercial and industrial consumers in the United…
DME reveals initial volumes
The Dubai Mercantile Exchange (DME) has revealed volumes from its first two trading days.
EDF Energy to cut CO2 emissions by up to 60%
UK utility EDF Energy, part of the EDF Group, has committed to reduce the carbon intensity of its electricity generation activities by 60% by 2020, in part by building new nuclear capacity.
UET selects Monaco gas scheduling solution
Gas service company United Energy Trading (UET) has selected NewEnergy Associates’ Monaco solution to facilitate their front to back-office activities.