Energy Risk
Designing a market
With Canada likely to embark on an emissions-trading scheme this year, Oliver Holtaway looks at the various forms it could take
Spreading opportunities
Volatile European gasoil and US heating oil prices mean traders must follow inventory and temperature forecasts carefully to stay on the right side of moves in outright and spread values, writes Logical Information Machine's energy analyst Daven Voorhies
TXU agrees to record $45 billion buyout
The board of TXU Corp, the Dallas-based energy company, has agreed to a $45 billion takeover by private equity firms Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs, the investment bank.
DME announces launch date
The Dubai Mercantile Exchange (DME), the Middle East’s first energy futures exchange, has announced that it will officially launch on 1 May.
Leaders reach carbon agreement
Delegates at the G8+5 Climate Change Dialogue forum in Washington have agreed in principle to the setting up of a global cap-and-trade market for carbon emissions, similar to the EU Emissions Trading Scheme
Czech commodity exchange powers up
The Prague Stock Exchange (PSE), with the support of the Czech Ministry of Industry and Trade, is in the process of establishing a new energy commodity exchange, Energetická Burza. The new exchange will rely on the PSE’s established trading systems, and…
Nymex and Montreal form alliance
The New York Mercantile Exchange (Nymex) is to form a “strategic alliance” with the Montreal Exchange (MX), Canada’s largest financial derivatives exchange.
Nymex to list catastrophe risk futures contracts
The New York Mercantile Exchange (Nymex) has announced that it will list three new financially settled catastrophe risk (CAT risk) index futures contracts.
CME launches hurricane index
The Chicago Mercantile Exchange (CME) is expanding its weather derivatives product range with the launch of CME-Carvill Hurricane Index futures and options on futures contracts.
LCH.Clearnet announces share repurchase
Clearing house LCH Clearnet has reached agreement in principle regarding the repurchase of the majority of the shares held by its largest shareholder, Euronext, a European cross-border exchange.
Energy & Commodity Rankings
Energy : Leader of the pack Metals : UBS takes top metals spot
2007 rankings result tables
A full breakdown of the top dealers and brokers, category by category, including: oil, natural gas, electricity, coal, environment, research, structured products, agricultural products and metals
Foot on the gas
Gazprom Marketing and Trading entered the UK in 1999 with ambitious plans. Today it has a presence in six European countries and trades power, oil, coal and liquefied natural gas. Roderick Bruce meets head of trading Keith Martin and business development…