Energy Risk

Opec split over increasing oil production

Ministers of the Organisation of Petroleum Exporting Countries (Opec) arriving in the Iranian city of Esfahan Tuesday sent out mixed messages over the expected outcome of Wednesday’s meeting.

Spectron to launch LPG web-trading platform

UK energy broker Spectron will launch an online trading platform for liquefied petroleum gas (LPG) on Tuesday (February 22). Spectron said the screen will be the first to allow the trading of LPG in both the east and west, as outrights or spreads, and…

Greenpeace protest at IPE fuels debate on emissions trading

Greenpeace’s invasion of London’s International Petroleum Exchange (IPE) on Wednesday was intended to draw attention to the environmental impact of ‘big oil’ on the day the Kyoto Protocol came into force. However, by attacking an exchange that is about…

UK broker trade group to launch emissions indexes

The London Energy Brokers’ Association (Leba) will launch a series of ‘green indices’, which it says are designed as independent benchmarks for the European emissions market. The association will release both spot and forward indexes, with the aim of…

Greenpeace protesters storm IPE

Open-outcry trade in Brent and gas oil futures at London’s International Petroleum Exchange was halted for over an hour on Wednesday afternoon after 50 to 60 protesters from environmental group Greenpeace stormed the building.

Merrill Lynch starts building coal desk

Matt Schicke, former director of coal trading at Michigan-based DTE Energy, has joined Merrill Lynch to build a US coal trading desk from its Houston office. As vice-president, he is initiating steps to trade coal, said Merrill spokeswoman Terez Hanhan.

Nymex confirms plans to launch in London

The New York Mercantile Exchange (Nymex) today announced plans to open an open-outcry Brent futures floor in London. "It's our intention to move to London as soon as possible," Nymex president James Newsome told reporters in London.

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