News
US ban on crude exports receives fresh scrutiny
The shale revolution has led to talk of easing the decades-old restrictions on the export of US crude oil – but how likely is that to happen? Alexander Osipovich reports
Australia and EU carbon schemes to be linked, Australian carbon floor price dropped
Australia and the EU have made plans to link their carbon trading scheme from 2015 and Australia will drop its controversial carbon floor price.
Ruling sets back US emissions trading
Federal judges reject the US Environmental Protection Agency’s latest clean air rule, disappointing emissions market participants and shaking confidence in the viability of US cap-and-trade schemes
Publication of swap definitions triggers countdown to compliance deadline
The publication of swap definitions earlier this week initiates a 60-day countdown for compliance to key parts of the Dodd-Frank Act
Trading positions – August 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Airlines face regulatory uncertainty in US-EU emissions standoff
Legislation that would stop US airlines from complying with the European Union’s Emissions Trading Scheme (EU ETS) survived a key vote in Congress this week, casting further doubt on the EU’s efforts to bring non-EU airlines into the ETS and creating…
Some clarity on UK’s EMR but questions remain
UK energy companies have received clarity on some sections of the government's Electricity Market Reform but questions remain for other areas.
Reshuffle at RWE Supply & Trading
The management board at RWE Supply & Trading is set to undergo a shake-up following the resignation of Peter Kreuzberg, head of trading.
Lynda Clemmons joins NRG Energy
Lynda Clemmons, a pioneer in the field of weather derivatives and emissions trading, has been hired by NRG Energy to help run its green technology team
PFGBest bankruptcy fuels calls for stronger protection of customer funds
The collapse of Peregrine Financial Group, which comes just nine months after the bankruptcy of MF Global, has raised the pressure on US regulators to boost protection of customer funds held by futures commission merchants
US energy firms cheer CFTC decisions on ‘swap’ definition, end-user exception
The US energy industry scores a victory as the Commodity Futures Trading Commission finalises two key pieces of Dodd-Frank derivatives regulation, modifying its original proposals to ease the compliance burden on firms that operate in physical energy…
Trading positions – July 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Future of European shale gas market on shaky ground?
The withdrawal of oil major ExxonMobil from its Polish shale gas activities in June has sparked debate as to whether European shale has a commercially viable future. Jay Maroo reports
Duke-Progress deal a win for alliances, nuclear power
The megamerger of Duke Energy and Progress Energy paves the way for more consolidation of US utilities and could boost the ‘nuclear renaissance’. Alexander Osipovich reports
JP Morgan probe highlights Ferc power trading crackdown
A lawsuit filed against JP Morgan by the Federal Energy Regulatory Commission is the latest example of the agency's tough, new enforcement stance
Australia’s carbon scheme subject to political risk
Australia’s carbon scheme takes it first step but future development remains uncertain due to political risk.
Weather study finds that hedging improves firm value
Hedging programmes have a positive effect on a company’s share price and financial performance, according to a new academic study that examines the use of weather derivatives by US utilities
DME appoints Fix as chief executive
The Dubai Mercantile Exchange appoints new chief executive from BNP Paribas
Energy Risk Canada: Low crude prices won’t stop oil sands development, experts say
The prospects for long-term development of the Canadian oil sands remain good, presenters at Energy Risk Canada say, dismissing concern about the recent plunge in crude oil prices
New head of commodities at Musi
Robert Forgrave has joined Mitsubishi UFJ Securities International as head of commodities
Emission trading scheme in Rio suffers setback
Signing of decree by Rio de Janeiro governor is delayed – causing some to suspect lobbying efforts by those opposed to the scheme may have worked
Fallout from JP Morgan loss will hit energy markets: IEA
JP Morgan’s recent $2 billion trading loss could toughen a trio of Dodd-Frank Act rules, potentially hurting energy markets, the International Energy Agency says
Brent crude seen at $50/bbl by Q3 in worst-case scenario: Credit Suisse
Credit Suisse has released a research note today that highlights the potential for oil prices to fall to levels last seen during the 2008 crisis
GDF Suez Trading opens Singapore office
GDF Suez Trading, a division of French utility GDF Suez, has opened a trading office in Singapore