News
CME makes “final” offer for Cbot
The Chicago Mercantile Exchange has boosted its offer for the Chicago Board of Trade for a third time, wooing its biggest shareholder in the process.
Cbot voters may shun CME bid
Pressure is being placed on the Chicago Mercantile Exchange (CME) to raise its bid for the Chicago Board of Trade (Cbot) ahead of a crucial vote by both sets of shareholders on Monday.
Physical delivery hits 4000 mark on DME Oman contract
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been…
US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.
Bear Energy launches in Europe
US investment bank Bear Stearns International has launched its European energy business with the appointment of Etienne Amic as head of Bear Energy in Europe. The European venture will offer structured origination and financial products, including…
EDF Trading moves into biomass market
EDF Trading, the subsidiary of utility EDF responsible for wholesale market activity, has acquired biomass company Renewable Fuel Supply Limited (RFSL).
Triple Point launches Commodity XL for Biofuels and Commodity XL Xchange
Triple Point Technology, a supplier of software platforms for the supply, trading, marketing and movement of commodities, has released Commodity XL for Biofuels. The platform is intended to address the rapidly escalating global market for renewable…
Amaranth report to ring changes
Release of report into collapse of energy hedge fund Amaranth Advisors looks set to change the way OTC markets operate in the US
Analysts question WTI/Brent spread
The spread between West Texas Intermediate (WTI) and ICE Brent has narrowed significantly, hitting $0.95 this week from a high of $7.34 in mid-May.
EDF and RasGas sign LNG supply deal
Utility EDF, through its subsidiary EDF Trading, has signed a liquefied natural gas (LNG) supply contract with Qatari company Ras Laffan Liquefied Natural Gas (RasGas).
Iberdrola and Endesa hold first power auction
Utilities Iberdrola and Endesa have held Spain’s first power auction, awarding a total volume of 1.45 terawatt hours (TWh). This auction represents the fruits of efforts by the two Spanish utilities to develop a competitive Spanish power market and…