News
Obama: 80% US power from clean sources by 2035
US President promises push for clean energy at expense of oil and singular focus on renewables
Credit Suisse global head of commodities leaves
Adam Knight, global head of commodities has left Credit Suisse, confirms source
GS: Opportunities from commodities emerging markets constraints
Goldman Sachs says investors should get exposure to crude oil, and put a $105 per barrel price target on it, as one of the supply-constrained commodities China most needs, David Walker reports.
CFTC presses on with position limits proposal
Concerns remain over position limits for commodity traders under Dodd-Frank Act as CFTC issues plan for public comment
US oil spill report recommends risk management changes
Presidential commission suggests reforms to address oil sector risk management after BP Gulf of Mexico spill investigation
Societe Generale to acquire RBS Sempra gas and power assets
Société Générale agrees to buy North American power and natural gas assets from RBS Sempra Commodities
EU financial rules consultation raises industry concerns
The European Commission has recently distributed its industry consultation on the expected changes to Mifid’s legislation. Alex Davis asks if the energy sector should be alarmed
Smooth start for Texas nodal
Hedging activities in Ercot’s day-ahead market have commenced after its nodal transition. Pauline McCallion reports on expectations for future risk management developments
Global carbon market gears up for 2011 climate talks
The COP16 meeting in Cancun has been deemed a ‘technical success’ by market participants, but expectations were far lower in comparison to Copenhagen. Katie Holliday investigates
CER/ERU spread to tighten this year, say experts
On the back of Russia starting to issue ERUs, increased market liquidity will lead to tighter ERU/CER spreads, say analysts
Chilton to support comments on position limits
Commissioner supports publishing position limits proposals for public comment; continues to call for interim position "points" system to collect data
National Grid: No gas supply emergency
UK’s National Grid reassures the market that there is no gas supply emergency despite gas demand soaring
CFTC mulls position limits rule, delays vote
US regulator fails to vote on position limits proposal; questions raised about data availability
US E&P to shift from gas to liquids in 2011
Liquids-rich plays attract attention as the low natural gas price outlook continues
South Korean export markets won’t slow
South Korean freight derivatives growth will not slow, despite the financial regulator’s institutional warning to Barclays and a caution to an individual at JP Morgan for breaking local banking rules by selling inappropriate currency derivatives that are…
Multi-pronged tack expected for US carbon cuts
Cap-and-trade to continue as part of portfolio of emission reduction tools for states and regions; scheme co-operation expected
IEA: Derivatives not to blame for oil's strength
The International Energy Agency (IEA) says that supply and demand fundamentals are to blame for oil price strength, not speculative derivatives products
Positive outlook for 2011 commodity inflows: survey
Commodity investment to strengthen and become more active in 2011 as natural gas producers look to hedge low price expectations
EU quells dual-reporting fears over energy market proposals
EC makes sure dual reporting will not be an issue in latest energy market regulation proposals
Last-minute power plant hedging will push up carbon prices
Prices for European Union carbon allowances (EUAs) will rise sharply in 2012 as companies hurry to hedge their emissions compliance requirements by the end of that year.
World Cup victory will trigger commodity infrastructure improvements in Russia, say analysts
The decision to host the 2018 World Cup in Russia will boost much-needed infrastructure investment and lower operational risk for the steel industry, say analysts
CFTC wants power market input on Dodd-Frank rule-makings
CFTC commissioners are concerned about the breadth of the Dodd-Frank swap dealer definition; staff call for electricity sector comments
Video: Q&A with Benedikt von Butler, Citigroup
Benedikt von Butler of Citigroup discusses how market participants in the central and eastern European markets can ensure they are fully prepared for the risk of new climate change legislation and manage their carbon risk accordingly
Hedge expiries to increase US power ratings risk in 2012: Moody’s
Favourable hedges protect unregulated power company ratings next year, but 2012 expiries could leave sector exposed