News
Saxo Bank: Oil to fall to $40 in 2010
Oil prices are set to tumble to $40 per barrel (bbl) by the end of 2010, following spare capacity “sloshing around” in the world energy system and despite physical oil nearing peak production, says trading and investment house Saxo Bank. However, longer…
Google applies for power marketer status
Google Energy, a subsidiary of the internet search engine, has submitted an application to the Federal Energy Regulatory Commission (Ferc) for market-based rate authority.
EPA proposes tightening emissions standards
The Environmental Protection Agency (EPA) has proposed a tighter standard for ground-level ozone emissions in a move that could affect the US emissions trading market.
Gunvor enters natural gas, power and carbon markets
Gunvor International, the Amsterdam-based energy trading and logistics company, has confirmed it has expanded its reach by entering the natural gas, power and carbon markets.
US ETFs get physical with heavy metal
The US has followed in the footsteps of Europe by approving its first set of physically backed palladium and platinum exchange-traded funds (ETFs), which hold the equivalent of 17% and 7% of each metal’s total demand respectively.
UK gas markets to eye US for LNG supply
Transatlantic arbitrage could be on the horizon for the UK, after the manager of UK’s natural gas network National Grid, issued its second gas balancing alert this winter to address the shortfall of supplies from Norway.
LNG experts confident that Asia will take on Australian supply
PetroChina’s cancellation of its deal with Australia liquefied natural gas developer Woodside Petroleum is not indicative of a reduction in LNG demand from Asia, say experts.
Markit to start trading emerging market sovereign credit risk index
The Markit iTraxx SovX CEEMEA (Central and East European, Middle East and Africa) index will start trading on January 20. The index is part of the Markit iTraxx SovX family of sovereign credit default swap indexes.
Nodal Exchange offers first real-time LMP contracts
Nodal Exchange launched eight contracts today, its first to settle against real-time Locational Marginal Price (LMP).
Chinese CER market in pricing limbo post Cop15
The market for long-term Chinese generated certified emission reductions (CER) units is in a pricing limbo, after China, the world’s largest carbon emissions emitter and one of the largest developers of clean development mechanism (CDM) projects, failed…