Energy trading
US shale extraction technique under investigation
US oil and gas shale production - seen as a vital contributor to US energy needs - is under investigation due to environmental fears over extraction techniques.
Oil price of $70-80/bbl expected in 2010
Oil prices are expected to remain between $70 and $80 per barrel (bbl) this year, according to a consensus of industry experts speaking at the IP Week conference in London.
JP Morgan and RBS Sempra Commodities agree $1.7bn deal
RBS Sempra Commodities has sold its global oil, global metals, and European power and gas assets to JP Morgan for $1.7 billion.
FirstEnergy and Allegheny announce $8.5bn merger
FirstEnergy and Allegheny Energy have announced an $8.5 billion stock-for-stock merger transaction that would create a diversified generation portfolio including 2,200 megawatts (MW) of renewables.
More legislation threatens EPA regulation of GHGs
The chairman of the US House Agriculture Committee has introduced bipartisan legislation designed to prevent the Environmental Protection Agency (EPA) from regulating greenhouse gas emissions under the Clean Air Act.
Obama boosts biofuels and clean coal
US President Barack Obama has announced a series of measures designed to boost biofuel production and reduce US dependence on foreign oil.
Commodity rankings 2010: Energy
The 2010 Risk/Energy Risk commodity rankings reveal which companies have been able to prosper despite the difficult conditions of 2009. Lianna Brinded analyses the results and talks to key market participants about their views
BP CEO: Oil industry faces supply challenge
The oil industry will continue to face supply challenges in the long term, following China’s burgeoning demand for imports, said BP’s chief executive at the World Economic Forum in Davos, Switzerland.
Obama calls for comprehensive energy bill
In last night’s State of the Union address, President Barack Obama said he was eager to advance a bipartisan energy and climate change bill in the US Senate.
Gensler calls for tighter regulation of dealers
Commodity Futures Trading Commission (CFTC) chairman Gary Gensler refused to detail a timetable for imposing position limits on energy traders today, but called for tighter regulation of dealers in over-the-counter derivatives.
FMX Connect announces relaunch
FMX Connect has relaunched its online commodity and energy data portal.
United-Icap launches new technical analysis website
United-Icap, a division of Icap, has re-launched its website offering technical analysis for professional traders and individual investors.
UPDATED: Nymex follows Saudi sour crude endorsement with new contracts
Nymex is to launch two sour crude oil contracts after Saudi Aramco’s announcement this week that it will use the Argus Sour Crude Index (ASCI) as a benchmark for US sales from January 2010.
FirstEnergy Capital announces international expansion
FirstEnergy Capital, an energy-focused Canadian investment bank, has opened an office in London, England.
Obama awards $3.4bn in smart grid grants
President Barack Obama this week announced the largest single energy grid modernisation investment in US history.
Regulating speculation
The role of speculation, the likely introduction of position limits and financial regulatory reform has dominated the agenda of the US Commodity Futures Trading Commission in recent months. Chairman Gary Gensler speaks to Mark Pengelly in an exclusive…
Market focus: derivatives - Risky business
Companies that are heavy consumers of energy are particularly susceptible to market volatility. For such end-users, proper use of risk management techniques can mean make or break, says Eric Fishhaut of GlobalView