Energy Risk/News
CME Group launches ethylene futures clearing services
CME Group has launched clearing services for a new Mont Belvieu ethylene futures contract, available June 14 for trade date of June 15.
Industry prepares for OTC regulation debate
The US Government has initiated what is set to be a lengthy and complex debate over proposals for the regulation of over-the-counter derivatives, finds Pauline McCallion
Majors' contango play set to fade
Oil companies that profited from storing oil amid falling prices are unlikely to to see similar returns as the longer-term economic picture begins to brighten. Pauline McCallion reports
Steel industry looks to iron ore swaps
Steel producers remain sceptical of the benefits of hedging with futures contracts. Now interest in iron-ore derivatives could offer another way for steel players to hedge risk, finds Katie Holliday
S&P to launch carbon risk service
Standard & Poor's is set to launch Copra, a new risk assessment tool offering independent assessment of CER delivery risk for CDM projects
Launch of Indian Bullion Market Association
The Indian Bullion Market Association (IBMA), a national level body representing the Indian bullion trade and industry, was launched today in alliance with Mumbai-based National Spot Exchange (NSEL.)
Sheikh Yamani: Saudi Arabia unlikely to embrace oil futures
In an interview this week, former Saudi oil minister Sheikh Yamani told Energy Risk that futures trading on exchanges had turned the global crude oil market into a "casino".
Singapore and Indian commodity exchanges unite
The Singapore Commodity Exchange Limited (SICOM) and the National Commodity & Derivatives Exchange Limited (NCDEX) based in India have signed a heads of terms agreement that will allow certain products to be traded and cleared in both exchanges.
Macquarie to acquire Canadian energy firm
Macquarie Group has announced a C$116 million agreement to acquire Tristone Capital Global, a Canadian energy advisory firm, and create an integrated energy platform offering advisory, capital markets, research and trading expertise.
Adaptation Fund sells first CERs
The World Bank's Adaptation Fund has sold its first Certified Emission Reductions (CERs) as part of its CER monetisation programme.
EGL opens UK office
EGL (Elektrizitäts-Gesellschaft Laufenburg), an asset-backed Swiss energy trading firm that forms part of supply company Axpo Group, is to open a London office under the name EGL UK.
Ontario debates cap-and-trade scheme
Cap-and-trade legislation introduced this week by the Government of Ontario, Canada proposed a 6% cut in greenhouse gas (GHG) emissions from 1990 levels by 2014.
Shell reorganises business structure
Royal Dutch Shell has announced a series of changes to its organisational structure including the merging of its upstream businesses and the launch of a new projects and technology business.
Carbon industry calls for clarity on emission targets
Leading carbon market figures at the Carbon Expo conference in Barcelona have demanded increased clarity on four crucial issues ahead of the UN's COP 15 climate talks in Copenhagen in December.
New LNG reporting tool launched
A new daily gas flow and LNG vessel movement reporting service for energy traders and analysts has been launched by shipping information specialists Lloyd's Register-Fairplay and energy trading software company Innovez.
Exelon presses on with NRG acquisition
The Federal Energy Regulatory Comission (FERC) has approved Exelon Corporation's application for its proposed acquisition of NRG Energy.