Commodities/Foreign exchange
Rogue PVM oil deals not behind price spike say traders
Unauthorised trading in Brent futures contracts on June 30 by a staff member at oil broker PVM was not the main cause of a spike in oil prices, according to traders.
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Change to BDI looks to boost derivatives trading
The way the Baltic Dry Index (BDI) is calculated will change as of July 1, in a move designed to encourage derivatives trading of the index.
IEA reduces predictions for oil demand
The recession has seen the IEA revise down its predictions for oil demand in 2013 by 3.3 mb/d, with consumption falling as low as 84.9 mb/d by 2014 in the worst case scenario, and demand for gas dipping for the first time in 50 years.
LCH.Clearnet to launch spot carbon clearing in July
London-based clearing house LCH.Clearnet's over-the-counter (OTC) clearing service for the UK spot market for carbon credits will launch on July 3 this year.
New Austrian natural gas exchange to clear through ECC
European Commodity Clearing (ECC) is to offer clearing services for a new natural gas exchange at Austria's Central European Gas Hub (CEGH), hosted by Vienna Stock Exchange.
Next generation solar power could replace fossil fuels says WRI
Concentrating solar thermal (CST) power has the potential to provide power on the margin of the demand curve, as well as replacing coal at the core of the power mix in the US, according to a report by the World Resources Institute (WRI.)
Rise in inflation coming as rates remain low, BarCap predicts
Inflation is set to rise in late 2009 and 2010, driven by rising commodity prices and low central bank rates, according to research from Barclays Capital, released on June 25.
BlueNext launches OTC registration service for brokers
Environmental exchange BlueNext has launched a new registration service for brokers to help secure over-the-counter (OTC) EUA and CER spot transactions.
Q&A: Osfi chief champions Canada's regulatory framework
Julie Dickson, superintendent at the Office of the Superintendent of Financial Institutions (Osfi) in Canada, talks exclusively to Risk about how Canada's regulatory framework has helped institutions weather the financial crisis, and shares her views on…
Obama reform plans show no progress on OTC derivatives clearing
The Obama administration's much-hyped regulatory reform proposals disappointed over-the-counter derivatives dealers and end users yesterday by again failing to provide new details on how OTC markets with mandatory central clearing would operate.
Q&A: Basel Committee's Walter outlines Basel II reform agenda
In an exclusive interview with Risk , Stefan Walter, secretary general of the Basel Committee on Banking Supervision, discusses everything from capital to cyclicality while outlining the reform agenda for Basel II.
Waxman-Markey early action provisions criticized as unclear
Industry commentators have spoken out about the provisions for early adoption of carbon emission reduction strategies in the cap-and-trade legislation currently going through the US House of Representatives.
Carbon copies from Croci
The financial crisis generally puts paid to all things environmental, but not now. Deutsche Bank has just launched to retail and institutional investors two new Ucits III funds based on "a stock portfolio of attractively valued companies with low…
Point Carbon launches US power trading product
Point Carbon, an energy and environmental market analyst, has launched its first power trading analytics tool for the North American market.