Commodities
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Citi to trade CERs in Israel
Citi has confirmed details of a recent emissions deal for certified emissions reductions (CERs) from a clean development mechanism (CDM) project in Israel.
UK government revises Community Emissions Trading Scheme
HM Treasury announced revisions to the Community Emission Trading Scheme today which set out how the UK will conduct auctions of carbon allowances and how participation in Phase II of the European Emissions Trading Scheme (EU ETS) will be governed.
CCFE launches REC futures
The Chicago Climate Futures Exchange (CCFE) has launched the first futures contracts based on renewable energy certificates (RECs).
S&P offers interest rate arbitrage indexes
Index provider Standard & Poor's has launched the S&P Forward Interest Rate Arbitrage Index series, which is designed to provide exposure to interest-rate based investment strategies. The index series, which will comprise indexes for seven countries…
China at forefront of clean coal technology
China is leading the way in developing new cleaner coal technologies according to the International Energy Agency (IEA), which says that advanced technologies with higher efficiency levels and the potential to reduce CO2 emissions are already widely used…
BofA Merrill Lynch, Goldman and MS launch European ETP initiative
Source, an open architecture exchange traded product (ETP) platform created by Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley, has launched 13 ETFs and 22 ETCs (Source T-ETCs) for European investors. The platform has been created with…
Keydata offers kick-out for the first time
Keydata, the UK structured products distributor, has launched its first autocallable structured product. The five-year plan is linked to the FTSE 100 index and has 50% soft capital protection.
Canadian report calls for national cap-and-trade scheme
The Canadian government should establish a national carbon pricing policy through an economy-wide cap-and-trade scheme, according to policy development committee, the National Round Table on the Environment and the Economy (NRTEE).
CFTC prepares for carbon regulation role
The Commodity Futures Trading Commission (CFTC) today announced the expansion of its existing energy committee to create the Energy and Environmental Markets Advisory Committee (EEMAC) in anticipation of a national carbon trading scheme.
EPA finding could lead to GHG regulation
The Environmental Protection Agency (EPA) today issued a proposed finding that greenhouse gases contribute to air pollution that may endanger public health or welfare.
OTCGH launches NGL and product options brokerage
OTC Global Holdings (OTCGH), an independent over-the-counter (OTC) interdealer broker, has announced the formation of Ion Energy Group, a natural gas liquids and product options brokerage.
The great bond buyback
The Bank of England has kicked off its repurchase scheme for sterling high grade bonds, but opinion is divided over whether the subsequent tightening of spreads is down to the government initiative or extraneous factors. Laurence Neville reports
Aluminium canned
Aluminium prices hit a seven-year low in March. Is there any bullish news for the market? Roderick Bruce finds out
Sovereign hedging lessons
Oil-hedging losses at Sri Lankan state-owned refinery Ceylon Petroleum Corporation are a lesson in the proper use of derivatives. By Joe Marsh
The Last Contango
Oil prices have remained in the doldrums so far this year, but the market took a surprising turn as it slipped into a contango at the end of 2008 that has so far remained in place. Pauline McCallion examines its causes and speaks to analysts about their…
Trading spreads
Ray Eyles, JP Morgan's CEO for European commodities, a 20-year market veteran, speaks to Roderick Bruce about the bank's continued expansion in commodity markets during challenging times for the banking sector
Smart thinking
Updating ageing power transmission infrastructure with smart grid technology must be a top priority if the US is to meet growing demand while fully harnessing the potential of renewable energy. By Pauline McCallion
Oil Storage Data - Taking Stock
Volatile prices and perceived problems with WTI as a benchmark have triggered renewed calls for weekly European stock data to supplement US data. An EC directive is currently being discussed, but not everyone is in favour of this, finds Rachel Morison
Meeting the credit challenge
The US power industry needs investment of up to $2 trillion by 2020, writes Richard McMahon of EEI. He urges dialogue between utilities and regulators to ensure effective credit policies are developed
Expropriation - A very real risk
Expropriation or forced government renegotiation is a big risk for oil companies that is likely to increase in times of lower oil prices. Randel Young and Richard Devine look at how to safeguard against the worst effects
Q&A - Galena Asset Management - Ready to launch
Backed by commodity trading giant Trafigura, Galena Asset Management is launching an oil-focused energy derivatives fund to add to its existing metals and special situations funds. Roderick Bruce meets fund manager Claude Lixi to find out more
Last of the big spenders?
European M&A activity will shift from mega-mergers to smaller acquisitions this year and firms will start to look further afield for deals. Katie Holliday reports
Measure for measure
Claims that the WTI price benchmark has become ineffective have led some in the oil industry to call for a new US marker for sour crude. Roderick Bruce measures industry reaction and the potential for a global sour crude benchmark