News
Lawsuit threats cloud California cap-and-trade scheme
California is set to launch the world’s second-largest carbon market, but threats of litigation have kept many potential market participants sitting on the sidelines
European Commodity Clearing adds two board members
Management board of European Commodity Clearing brought into line with parent company
Natural gas producers step up hedging
Hedging by North American natural gas producers increases as prices rebound
Banks cut commodity VAR as regulatory reform bites
Basel capital rules and regulatory reform stymie risk appetite of major banks in commodities
CFTC may alter stance on physical gas deals
Agency expected to respond to natural gas industry fears about Dodd-Frank swap definition
CFTC offers last-minute Dodd-Frank relief
Agency eases compliance burden for commodity and energy firms
Oil price reporting agencies' principles won't deter manipulation, say critics
International Organization of Securities Commissions principles for oil price reporting agencies fail to silence critics
Basis trading to emerge in European gas
Natural gas basis swaps increasingly used in over-the-counter market and could eventually trade on exchanges
Trading positions: October 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Energy Risk Europe: Indexes won’t be included in MAD, say panellists
Energy indexes may not be included in EU market abuse rules, but remain likely to be hit by further scrutiny
Energy Risk Europe 2012: Oil price “much lower” in 10 years – Credit Suisse
A slowdown in Chinese oil demand growth coupled with increasing supply will mean oil prices will be much lower in 10 years, forecasts Ric Deverell, head of commodities research at Credit Suisse
Position limits rejection lifts compliance burden
Rejection of Commodity Futures Trading Commission rule brings short-term relief and longer-term uncertainty, say consultants
Energy Risk Europe 2012: EU power market integration faces next set of hurdles
The next stages of creating an integrated European electricity market should focus on the intra-day market, direct current cables and preparing trading strategies post-2014, say panellists at Energy Risk Europe
Energy Risk Europe: EC official questions energy industry estimates of clearing costs
Recent industry estimates of the cost of clearing are met with scepticism during a roundtable discussion at Energy Risk Europe
Energy Risk Europe 2012: Speculation tending to push oil prices lower
In recent years, speculation in oil markets has been associated with price falls more than price rises, but speculative activity is transforming the oil market into an asset play subject to new macroeconomic influences, says Leo Drollas, chief economist…
Counterparties abandon US public utilities over Dodd-Frank fears
Publicly owned utilities say a growing number of energy companies are refusing to trade with them ahead of the deadline for swap dealer registration
Experts question shift in Mexico oil hedging strategy
Use of put spreads in oil hedging programme leaves Mexico dangerously exposed to low oil prices if global economy sinks
Ex-Credit Suisse bankers founding energy risk advisory firm
Former head of power trading joins at least one ex-colleague to found Scoville Risk Partners
US Henry Hub benchmark to drive European, east Asian natural gas prices: report
Growing exports of liquefied natural gas from North America and a more globalised gas market will lead the US’s Henry Hub price benchmark to become the long-term driver of natural gas prices in Europe and east Asia, according to analysts from Citi
Ice’s decision to buy gas exchange bodes well for TTF: analysts
The Title Transfer Facility natural gas hub is expected to see increased market interest, after Ice's decision to acquire a majority share in APX-Endex's gas exchange
LNG seen as big winner from nuclear decline in Japan
Japan’s decision last week to remove nuclear energy from the country’s fuel mix by 2040, is set to significantly increase the country’s short-term demand for fossil fuels, especially liquefied natural gas, say analysts
Aggressive oil hedging enables Plains E&P’s big deepwater play
Plains Exploration & Production will hedge up to 90% of its oil production for the next three years, the Houston-based company says as it reaches a deal to buy $6.1 billion of oil assets in the Gulf of Mexico from BP and Shell
IEA analyst moves to Gunvor
Gunvor has hired former International Energy Agency analyst David Fyfe as head of market research and analysis
Trading positions: September 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets