News
Four charged with carbon trading fraud in Belgium
Four people have been formally charged by the Belgian authorities for money laundering, in an investigation into fraudulent trading in carbon emissions permits, according the Reuters news agency.
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.