The US Commodity Futures Trading Commission has charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
The Amaranth saga continues as the US Commodities and Futures Trading Commission (CFTC) announced today it is filing a civil enforcement action against the hedge fund and its former head energy trader, Brian Hunter.
A report from the International Energy Agency (IEA) has called for the Organisation of Petroleum Exporting Countries (OPEC) to increase production in order to relieve market tightness going forward.
US regulators could be one step closer to achieving their aim of closing the ‘Enron loophole’ that exempts electronic energy exchanges such as the Atlanta-based Intercontinental exchange (ICE) from regulatory oversight.
The New York Mercantile Exchange (Nymex) has called for full regulation of its Atlanta-based rival IntercontinentalExchange (ICE) following a federal report which said that the current jurisdiction of federal regulators is not wide-ranging enough.
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been exceeded...
The June release of the Levin Coleman report into the collapse of energy hedge fund Amaranth Advisors looks set to usher in sweeping changes to the way over-the-counter markets operate in the US. David Watkins reports
The spread between West Texas Intermediate (WTI) and ICE Brent has narrowed significantly, hitting $0.95 this week from a high of $7.34 in mid-May.
Energy hedge fund Amaranth Advisors exploited legal loopholes and altered natural gas prices through “excessive speculation” before its 2006 implosion, a US senate investigation has found.
The New York Mercantile Exchange (Nymex), the world's leading energy exchange, is reportedly in talks regarding a possible sale to NYSE Euronext, Deutsche Boerse AG or Chicago Mercantile Exchange Holdings Inc.
Desjardins Group, the Canadian cooperative financial group with more than $135 billion of assets under management (as at December 31, 2006), will launch the Natural Resource Guaranteed Investment (NRGI) on June 11.
This year's Energy Risk USA conference broke the record attendance of last year with more than 330 delegates gathering in Houston to focus on the latest issues in energy risk management. The Energy Risk team brings you some highlights
As gasoline prices soar, the creaking US refinery system is once more under fire. Although today's healthy margins should encourage new investment, unresolved issues of green regulation appear to be curbing this. David Watkins investigates
Debate over the suitability of West Texas Intermediate as a benchmark crude resurfaces regularly, but recent price activity in the US oil contract – which influences the entire energy complex – is causing consternation. David Watkins reports
After months of setbacks, the Dubai Mercantile Exchange (DME), the Middle East’s first international energy futures and commodities exchange, opened for business today.
The New York Mercantile Exchange (Nymex) will offer options trading for crude oil, natural gas, gold, and silver on the CME Globex electronic trading platform from June 24 for a trade date of June 25
Aa bleak week for Optionable Inc, the New York-based energy brokerage behind the Bank of Montreal’s gas trading losses, has continued to get worse. Uncertainty is now growing over the brokerage's relationship with the New York Mercantile Exchange (Nymex).
Derivatives House of the Year
Exchange of the Year
Uncertainty over future fuel prices is proving a headache for airlines. While many put on successful hedges last year ahead of widely anticipated price spikes, this year's price falls have discouraged hedging. Joe Marsh looks at how airlines in Asia are...
Precious Metals House of the Year