News
Energy Risk unveils lifetime achievement award winners
Energy Risk has named the winners of its 20th Anniversary Lifetime Achievement Awards – a special one-off prize recognising 20 individuals who have contributed to the development of commodity trading and risk management
Bertuccio leaves JP Morgan for Glencore Xstrata
JP Morgan oil origination veteran Michael Bertuccio has been appointed as head of origination and principal investments at Glencore Xstrata
Moody's forecasts surprisingly stable UK power prices
Analysts at Moody's Investors Service believe UK electricity prices will remain steady until 2020, a prediction at odds with market consensus and government forecasts
UK electricity market likely to be hit by CMA probe
A shake-up of the UK power market is viewed as one likely outcome from a competition investigation into the country’s energy sector, but observers say the probe is being overshadowed by forthcoming regulatory reform
EC's Ristori worries about energy security post-Ukraine
The EC's director-general for energy expresses fears about Europe's continued reliance on Russia for energy imports amid the crisis in Ukraine, in an exclusive interview with Energy Risk
Silver dealers weigh up benchmark alternatives
Amid increased scrutiny of financial benchmarks, market participants are voting on how to reform pricing for silver - a decision that may also carry implications for gold
GDF Suez faces CFTC market manipulation probe
GDF Suez's bidding activities in the Texas power market have drawn the attention of the US Commodity Futures Trading Commission, sources say
CFTC position limits rule blasted by commodity merchants
Vitol, Louis Dreyfus and other commodity trading firms say the proposed bona fide hedge exemptions in the CFTC's revived position limits rule are too narrow and discriminate against merchants
Derivatives dealer rule worries Canadian energy firms
Companies such as Suncor and TransAlta fear 'huge' costs if they are obliged to register as derivatives dealers and clear all their trades under new rules being considered by Canadian regulators
Fragmentation seen holding back Canadian oil derivatives
The existence of several rival price indexes for Western Canadian Select is hindering the growth of financial trading in heavy crude oil from Alberta, market participants say
BNP Paribas hires former JP Morgan commodity salesman
David Samuels joins BNP Paribas to become New York-based head of Americas commodity sales, two months after leaving JP Morgan
UK Electricity Market Reform welcomed by energy chiefs
Energy executives welcome the UK government's Electricity Market Reform at a conference in London, despite some differences between speakers on the finer details and likely future of the legislation
Oil benchmarks should diverge in coming year, says BAML’s Blanch
A spike in North American oil production and seasonal changes in demand should see WTI fall sharply later this year – a contrast with Brent, which is exceptionally stable, says BAML global head of commodities research in an exclusive video
Mexican energy regulator looks ahead to greater integration with US
Mexico’s programme of energy market reform will lead to greater integration between the north of the country and neighbouring US states, such as Texas and California, says energy regulator in an exclusive video
Dodd-Frank swap dealer rules tricky, says Cargill compliance head
A lack of guidance on the swap dealer provisions of the US Dodd-Frank Act is turning compliance into a guessing game for swap dealers such as Cargill Risk Management, suggests the firm's chief compliance officer in a video interview
UK competition probe will 'rebuild trust' says EDF Energy chief
Vincent de Rivaz, the chief executive of supplier EDF Energy, says he supports a proposal by Ofgem to refer the UK energy market to the Competition and Markets Authority
Commodity traders won’t replace banks, says Citi’s Staley
Citi head of global commodities “doesn’t lay awake at night awaiting a full-scale assault” from non-bank companies, such as oil majors and commodity trading houses
Energy firms ponder Mifid exemptions and position limits
A consultation by the European Securities and Markets Authority is being closely scrutinised for answers on how a revamped Markets in Financial Instruments Directive will affect commodity trading companies
Carbon reform may be shaken by European Parliament vote
Proposals designed to address the problem of oversupply in the EU ETS – including the EC’s proposal for a market stability reserve – are likely to become harder to pass thanks to recent elections, say analysts
CFTC eases Dodd-Frank burden on energy companies
In the wake of industry criticism, the US Commodity Futures Trading Commission is taking steps to relax position limits and accommodate the concerns of public utilities in its implementation of the Dodd-Frank Act
CFTC accord bolsters Ferc drive to catch manipulation
Memorandum of Understanding with US Commodity Futures Trading Commission on information sharing has been "extremely useful" for energy regulator, says Federal Energy Regulatory Commission's deputy director of surveillance
No easy way to hedge Bakken crude oil, say energy firms
Despite surging production in the Bakken shale region in North Dakota and Montana, trading remains fragmented and the market has yet to coalesce around one pricing point for crude oil production, making hedging difficult
Cargill reveals 'struggle' with Dodd-Frank swap dealer rules
Non-financial firms face huge hurdles to comply with Dodd-Frank swap dealer rules, says chief compliance officer for Cargill Risk Management
Energy traders seek flexibility in CFTC position limits
Bona fide hedging definition and complexity of position limits worry panellists speaking at Energy Risk Summit USA