News
Russia looks to China for gas contracts
Russia is forging stronger ties with China to diversify its gas buyer base, following payment disputes with countries such as Ukraine and to compete with the growing US liquefied natural gas (LNG) market, say analysts. Meanwhile, Europe is looking to…
Transmission holds US wind power back despite 2009 record
Wind power is now the joint leading source of new electricity generation in the US, tying with natural gas, due to record levels of new capacity last year, according to the American Wind Energy Association (AWEA).
Ice receives CFTC clearing registration
IntercontinentalExchange (Ice) has been granted limited registration by the Commodity Futures Trading Commission (CFTC) as a US derivatives clearing organisation (DCO).
Mexico sees return to normality for oil hedging
Banks’ ability to act as a counterparty is “back to a very normal situation” after the credit crunch, according to one of the designers of Mexico’s oil price hedging programme.