Energy Risk
Hungarian power exchange launch positive for eastern European markets
The Hungarian power exchange's (HUPX) first day-ahead auction was a positive development for the Hungarian power market, say analysts
HSBC enters energy derivatives market
HSBC and Total Oil Trading expect to offer their first products in a few months' time
CFTC to publish financial large-trader report
The US Commodity Futures Trading Commission (CFTC) on Thursday announced plans to boost transparency in the financial futures markets with the publication of a new report.
France’s power shortfall would threaten UK power supply
A potential power shortfall in France could put pressure on UK energy supplies and prices, says analyst.
JP Morgan in global commodities staff cull
US investment bank JP Morgan has made cuts to accommodate the integration of the RBS Sempra commodities business.
Derivatives reform to hit energy giants
Several major energy and commodities companies such as Royal Dutch Shell and BP are to face a substantial rise in derivatives trading costs, following the adoption of the Dodd-Frank Wall Street Reform Act.
Legal experts identify end-user issues under new US act
As US regulators embark on redefining over-the-counter derivatives trading, energy end-users need to be aware of how they will be categorised and the potential impact on trading costs.
BP’s oil spill to tighten global oil supply - report
BP’s Gulf of Mexico oil spill will tighten global oil supply as US oil production is set to wane, following expectations the disaster will lead to stricter regulation and closer scrutiny of drilling operations in the US, say Barclays Capital
China disputes IEA energy data
The International Energy Agency’s claim that China has overtaken the US as the largest energy user, has exacerbated concerns that supply and demand data could be out of sync with price forecasts
31% of oil and gas firms lack ETRM solutions
Nearly one third of all oil and gas companies are more susceptible to systemic risk, as a report reveals 31% of these firms lack an energy trading and risk management (ETRM) solution for their operations
Moody’s boosts Petronas rating on Iraq exposure
Rating agency gives a surprise boost to Malaysian oil company Petronas’s credit rating from negative to stable, despite the company’s substantial acquisition of an Iraqi oil field with Royal Dutch Shell
China unveils major oil and gas plan
China’s seemingly insatiable appetite for energy production and consumption reaches new levels as the country unveils plans to increase oil and gas production by a third by 2020
Iraq's oil minister calls for swift action on contracts
Iraq calls on foreign energy companies, such as BP, Eni and China National Petroleum Corporation (CNPC) to move swiftly to implement their recently awarded contracts
Shell Gas chief: end-users will face credit issues - Exclusive
Shell Gas Direct’s chief tells Energy Risk that major end-users’ credit worthiness will be one of four major challenges for industrial and commercial users in the next few years
CFTC to rework position limits rule
CFTC Chairman confirms regulator will propose new rule on position limits as part of its expanded remit under financial legislation that could be enacted imminently by US President Obama
Moody’s warn of Spanish power sector downgrade
Rating agency warns that a surprise Spanish government review of wholesale electricity prices could lead to a downgrade of Spain's power companies
Gazprom quashes fears over Georgia pipeline stake
Russia’s energy giant Gazprom shoots down fears that it is looking to acquire or has acquired a significant stake in Georgia’s main natural gas pipeline and says it is only hypothetically interested in an acquisition
Events force IEA to recalibrate oil assessment methods
The International Energy Agency says game changing events including sovereign debt issues, China’s oil demand and the BP Gulf of Mexico oil spill have forced it to revise the way it assesses oil markets
Dissatisfied with CAIR replacement, market calls for legislative fix
Proposals to replace the existing US SO2 and NOx emissions reduction schemes may not be enough to remove market uncertainty.
CantorCO2e’s UK carbon desk closure signals consolidation trend
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected.
China homes in on shale gas
China hopes to replicate the United States’ success in exploring and producing shale gas as the country looks to tap into new energy resources
Contract standardisation could create risk say experts
Instead of making things easier and reducing risk, standardisation of energy and commodities' contracts could increase risk
Isda in sweeping commodity definitions overhaul - Exclusive
The International Swaps and Derivatives Association is carrying out its biggest overhaul for years of commodity definitions, which will include new products to reflect market developments
