Energy Risk/News
Indian power market faces increased regulation
India’s Central Electricity Regulatory Commission (CERC) issued Power Market Regulations for 2010 this week as part of the Electricity Act passed in 2003.
Iran sets out mixed energy plan 2010/2011
Iran’s national budget for 2010/2011 will be less reliant on oil revenues but will still reveal "good news" on oil production of 20% enriched fuel in February this year, says Iranian president Mahmoud Ahmadinejad, in a move aimed at making the state less…
India boosts renewables market with REC scheme
India has followed many US states’ example with the introduction of Renewable Energy Certificates (RECs) this month.
Eni, Oxy & Kogas seal Iraq deal
Three major oil and gas companies have sealed a deal with Iraq’s South Oil Company and Missan Oil Company that is set to increase production by 1 million barrels per day (bbl/d) over the next six years.
CFTC to include Ice Henry Hub SPDC contracts in traders' reports
The Commodity Futures Trading Commission (CFTC) will include positions in the IntercontinentalExchange (Ice) Henry Hub natural gas contract in its weekly Commitments of Traders (COT) reports.
EU & Iraq pact will not boost energy supplies
Iraq will not boost the European Union’s (EU) oil, gas or power supply, or become a key supplier in the near future, say analysts, following the announcement that the two parties signed a Memorandum of Understanding designed to secure the EU’s energy…
Masdar and E.on create carbon trading venture
Abu Dhabi-based renewables company Masdar has joined forces with German utility E.on to form E.on Masdar Integrated Carbon (EMIC), a company focused on developing carbon emission reduction projects.
Sonatrach CEO probe not affecting exports
Market fears about an Algerian oil and gas export shutdown are unfounded, say analysts, following confirmation that the chief executive of state-owned energy company Sonatrach is now under judicial review.
Kupe light crude oil ready to ship
Origin Energy New Zealand has revealed that the Kupe gas project will be making the first shipment of light crude oil from Taranaki port on January 17.
Upstream deals boost oil and gas companies’ outlooks
The value of oil and gas deals announced last year increased by 10% from 2008 to $198 billion, although the total number of deals fell from 1,152 to 837, according to Ernst & Young’s third annual global oil and gas transactions review.
Moody’s: Oil will average $75 in 2010
Oil prices will average $75 per barrel (bbl) in 2010, following rising growth in global oil consumption, fuelled by buoyant demand in developing economies, led by China, says rating agency Moody’s.
WEF: Oil price spikes remain top 10 risk for 2010
Oil price spikes remain one of the World Economic Forum's (WEF) top 10 economic risks for 2010, with the risk-rating moving up to medium risk from low risk in 2009.
EIA: World will be more dependent on Opec oil
The world will become more dependent on Organization of the Petroleum Exporting Countries (Opec) oil by the start of 2011, following sustained surplus production capacity and a forecasted decline in growth from countries outside the producer group, says…
Uncertainty over UK ROCs damages investor confidence
Recent changes to the allocation of Renewable Obligation Certificates by the UK DECC has left industry participants wary about their long-term value, finds Katie Holliday
Russian power futures to launch Q1 2010
Russian power exchange Arena is set to launch new power derivatives contracts by the end of Q1 2010. Rachel Morison reports on the expected implications for power risk hedging
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Price rise fails to eliminate Alcoa's losses
A 9% rise in aluminium prices in the final quarter of 2009 failed to boost Alcoa’s results yesterday, which showed narrowed, but continued, losses due to “significant energy and currency headwinds”.
Deutsche Bank: Threats to commodities on horizon
Deutsche Bank sees the commodities market threatened towards the end of the year, when authorities aim to remove monetary and fiscal stimulus, despite seeing a renewed set of inflows in the sector in 2010.
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…