News
China’s CDM trade threatened by uncertain carbon legislation
Investment in CDM carbon credits in China may slow because of the prolonged uncertainty over global climate change legislation, analysts say
BP’s Gulf of Mexico oil spill will not push fuel switching
Experts quash fears that tighter restrictions following BP’s Gulf of Mexico oil spill will result in oil to gas fuel switching in the US, thus pushing up gas prices
Regulators kick off derivatives reform discussion
Market participants call for clearing decisions to be left to market forces and caution regulators about clearing house ownership
China’s drop in oil demand is "warning sign’"
Alarm bells hit the market after China’s oil demand slump signals a possible unexpected slowdown in energy demand growth
Platts’ new coal price assessment reflects Indian potential
Launch of Platts thermal coal price assessment for India highlights the country's growing importance as a leading coal producer and importer
UK end-users face power and gas price volatility
Experts warn that major UK end-users may face another quarter of power and gas price volatility, indicating the necessity of a risk management programme
End-users adopt more complex hedging tools and methods
End-users’ energy and commodities hedging strategies are growing in sophistication as they adopt more complex products and non-traditional tools, says the head of RWE npower’s optimisation desk
Trading group fined $12 million for inflating oil price
CFTC fines ConAgra Trade Group for artificially pushing crude to $100 per barrel in January 2008, the year prices hit all-time peak of $147 per barrel
US intensifies efforts to develop clean coal, carbon capture
The US Department of Energy has announced further funding for clean coal technology R&D as part of plan to maintain a diversified energy portfolio
India’s latest commodity exchange won’t compete, say experts
India's fifth commodities bourse - ACE Derivatives and Commodity Exchange - will struggle to compete with market leading platforms, say experts
Singapore’s commodities derivatives exchange to go live
Singapore’s central bank Monetary Authority of Singapore (MAS) gives the green light for new commodity and currency derivatives bourse
IEA: BP’s oil spill threatens future supply
The International Energy Agency (IEA) expresses major concerns over future oil supply, as new regulations threaten to tighten deepwater drilling, following BP’s Gulf of Mexico oil spill
Standard & Poor's Angel leaving company
Executive managing director Tony Angel is leaving Standard & Poor's after two years
Energy firms' hedging programmes give mixed results
Hedging programmes for oil & gas companies show widely differing outcomes according to the latest flurry of company results
Symbolic first 2020 EU carbon futures trade between JP Morgan and Gunvor
JP Morgan and Gunvor completed the first European Union 2020 over-the-counter European Union Allowance carbon contract on August 6, signalling their confidence in the European carbon markets
LCH.Clearnet in a raft of Asia deal talks
Clearing giant LCH.Clearnet strengthens its position in Asia as it looks to seal a number of clearing deals with a raft of exchanges and other market participants
Reliance makes third US shale gas field purchase in four months for $392 million
Latest US shale gas investment from Indian energy firm Reliance as the company seeks to bolster foreign investment
Nigerian political stability boosts oil production
Nigeria’s crude oil production is on the up, after geopolitical stability hints at consistent growth, says the NNPC
NATS saves £1.7 million in hedging programme
Major end-user NATS saved £1.7 million after installing a new hedging strategy and energy risk management programme
Shale boom to continue out to 2020
New technology means the cost of shale gas production is more favourable than natural gas
New tool targets FERC enforcement actions
Database created by former FERC enforcement director aims to create more transparency around notices
Nabucco could be postponed to 2011
Future Western European gas supplies could be at risk, as the Nabucco pipeline, which is designed to relinquish the European Union’s dependence on Russian gas imports, maybe delayed until the start of 2011
E&P energy company premiums likely to rise
Energy exploration and production (E&P) companies face increased cost risks as insurance premiums could rise, following BP’s Gulf of Mexico oil spill, which forced reinsurance firms, such as Germany’s Munich Re, to shell out hefty payments
BP’s oil spill to double energy companies’ IT spend
The aftermath of BP’s Gulf of Mexico oil spill could double the amount energy companies will spend on information technology (IT) as they look to adhere to new regulatory requirements in offshore drilling pursuits