New York Mercantile Exchange (Nymex)

Experts predict wave of commodity spread ETFs

An influx of commodity-based exchange-traded funds (ETFs) could sweep the market, after Canadian investment firm Jovian Capital Corp’s ETF unit BetaPro Management launched the first ever commodity spread ETF this month, signalling the growing range of…

Iran sets out mixed energy plan 2010/2011

Iran’s national budget for 2010/2011 will be less reliant on oil revenues but will still reveal "good news" on oil production of 20% enriched fuel in February this year, says Iranian president Mahmoud Ahmadinejad, in a move aimed at making the state less…

EIA: World will be more dependent on Opec oil

The world will become more dependent on Organization of the Petroleum Exporting Countries (Opec) oil by the start of 2011, following sustained surplus production capacity and a forecasted decline in growth from countries outside the producer group, says…

Movers & shakers

As part of our 15th Anniversary, Energy Risk rounds up 15 of the most influential and innovative companies currently active in the traded energy markets and profiles their achievements

Full marks

Michel Marks, former chairman and board member of Nymex, tells Roderick Bruce about his role in taking the exchange from small potatoes to a cross-commodity powerhouse

Making markets

In the first of two articles tracing the beginnings of energy derivatives, Roderick Bruce talks to oil trading pioneers about the market’s formative years

All Clear?

Despite a recent large increase in volumes, clearing for commodities remains a contentious issue, with little agreement on what the best business model should be, and insufficient standardisation, say market participants. Rachel Morison investigates

Refiners feel the squeeze

While crude oil prices have undergone a 70% decline since July, gasoline has dropped by 75%, taking the crack spread into negative territory. Eric Fishhaut of GlobalView Software looks at this unusual phenomenon

CME Group buys Nymex and offloads metals

Exchange consolidation continued over the weekend, with CME Group buying Nymex, the New York-based metals and energy exchange, and selling its own metals business to the NYSE Euronext group.

CME Group in talks to buy Nymex

Chicago-based CME Group is in preliminary discussions aimed at acquiring the New York Mercantile Exchange (Nymex), the two firms announced on January 28.

Nymex to introduce new steel futures contract

The New York Mercantile Exchange (Nymex) will introduce a steel futures contract, based on an index developed by the steel industry information service World Steel Dynamics (WSD). The new contract will be available on the Nymex ClearPort electronic…

Nymex considers lawsuit against Optionable

The New York Mercantile Exchange (Nymex) may take legal action against Valhalla, NY-based brokerage firm Optionable, the exchange’s chief executive officer James Newsome announced this week.

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