Energy Risk
BarCap launches commodity-linked credit product
Fixed-income investors can now make use of a credit instrument that provides access to commodities as an asset class, says Barclays Capital. The investment bank has launched Apollo, a collateralised commodity obligation (CCO), which uses derivatives…
Mirant settles price-reporting charges
A subsidiary of Atlanta-based energy company Mirant has settled charges with the US Commodity Futures Trading Commission (CFTC) of false reporting of natural gas prices. The commission found that Mirant Americas Energy Marketing (MAEM) traders made false…
The famous fifty
Oil
AsiaRisk Awards
Oil
Back in power
Oil
Merrill Lynch sees oil staying high in 2005
The oil price, which has roughly doubled since the start of 2000, and risen by over 60% this year, is likely to remain historically high in 2005 due to a structural shift in the market, said Robin Batchelor, co-fund manager of Merrill Lynch’s World…
Energy swaps
Natural gas
Wolfgang Schollnberger
Natural gas
Oiling the wheels
Bribery and corruption is a hot topic, not least in the energy sector. Energy Risk this month looks at recent high-profile cases and what governments are doing to combat the problem. By Daren Allen and Kelly Williams
Volatility conspiracy
Natural gas
The perfect balance
Natural gas
BITs in pieces
Argentina is launching a direct attack on the validity of investment treaties, and other countries may be about to follow its lead. How are investors responding to the challenge? Maria Kielmas reports
Editor
Natural gas
Utility 2025: a vision
Power companies will face enormous political, societal, and technological change over the next 20 years. Douglas Houseman and Dennis Taylor of Capgemini look at how the utility of the future should embrace change
Caring competition
What are the theoretical consequences of restructuring electricity markets on emissions? Here, Benoît Sévi shows that changes in supply and consumption and restructuring for competition has environmental effects, and argues that strong public policies…
Calpine trades up
Natural gas
London to be world carbon market centre
The UK’s early move into carbon emissions trading means London is now well placed to become a world centre for the emerging carbon market, UK Environment Minister Elliot Morley said Wednesday.
China Aviation Oil hid US$390m derivative loss in struggle to survive
China Aviation Oil’s trading unit, China Aviation Oil (Singapore) Corp (CAOSCO) hid an initial US$390 million loss while its directors sought “white knights” to save it from liquidation, it emerged yesterday as the company announced an estimated US$550…
Getting physical
Natural Gas