News
Renewables expected to drive demand for weather derivatives
Weather risk management firms predict renewables and thinner energy market liquidity will drive growth
Oil producer hedging surges amid Middle East turmoil
Elevated WTI prices, pushed up by regional unrest, are creating opportunities for US oil producers to hedge
Real to set sights on renewables after acquisition by Munich Re
Purchase of RenRe Energy Advisors could lead to new weather hedging tools for renewable energy
EU ETS fix should focus on long term, argue market participants
Short-term fixes give rise to uncertainty, in contrast to long-term change needed to rescue the ETS, say firms
Room for improvement in Remit reporting, say power traders
Lack of renewables data means an increasingly vital part of the market is being excluded, say traders
Critics assail industry-sponsored study on HFT
Critics say industry-sponsored study into impact of high-frequency trading in futures markets is flawed
Commodity hedgers alarmed by CFTC margin proposals
Margin rules proposed after the collapse of MF Global could dramatically raise the cost of hedging, complain market participants
Energy traders lag on post-trade processing, survey finds
Baringa Partners survey suggests firms may struggle to cope with European financial regulation
Energy end-users may miss Dodd-Frank reporting deadline
Energy derivatives end-users face uphill struggle to comply with reporting rules when no-action relief expires
Trade repositories eye Remit opportunity
Entities backing trade repositories for OTC derivatives show interest in registering as RRMs
Head oil trader leaves Barclays
Shake-up at Barclays continues as George Cultraro, global head of crude oil and refined products, leaves the bank
Senior JP Morgan energy trader departs
London-based head of European gas and power trading said to leave for BTG Pactual
WTI rally offers limited upside to oil producers, say analysts
WTI rally may be short-lived, say analysts, while impact of backwardation is likely to be felt more strongly
Ferc targets power market gaming with JP Morgan fine
Record $410 million settlement demonstrates zero-tolerance approach towards exploitation of market design flaws
Bank physical commodity trading attacked in US Senate hearing
Physical trading by banks said to inflate commodity prices, increase systemic risk and threaten shortage of beer cans
European power and gas liquidity hit by Mifid II fears
European energy traders say worries about the impact of Mifid II are chilling activity in longer-dated power and gas
Firms seen upping surveillance and self-reporting after Ferc fines
Ferc penalties against Barclays and other banks expected to bolster compliance with market manipulation rules
Bribery laws pose compliance challenge for energy firms
Oil and gas firms still face compliance challenge from anti-bribery laws, despite court judgement against Dodd-Frank disclosure rules
BP registers as swap dealer
BP registers its US-based energy trading subsidiary as a swap dealer, becoming the first oil and gas major to opt for dealer status under Dodd-Frank
Power proves a tough choice for Australian regulators
Supervisors must decide whether to include electricity in derivatives reform despite high prices and industry opposition
CFTC cleans house at FCMs
CFTC has increased its scrutiny of futures brokers and their handling of customer funds since MF Global collapse
Energy should be exempt from benchmark rules, argues EC official
Benchmark indexes in energy markets are already well regulated and do not need further oversight, argues EC director-general for energy
US power traders expect rebound in hedging activity
Power hedging activity could increase with rising prices and greater regional variation across the US
Energy Risk Canada: Rules on derivatives dealers need work, regulator says
Alberta securities regulator acknowledges proposals on derivatives dealer registration have alarmed energy firms