News
Massachusetts REC futures start trading on CCFE
The Chicago Climate Futures Exchange (CCFE) has announced the successful completion of the first Massachusetts Renewable Energy Certificate (REC-MA) futures contract trade.
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Building support: CFTC’s reforms in the cold?
Despite being lighter than expected, the CFTC’s proposed reforms for energy trading have found little support from other commissioners or overseas regulators, finds Pauline McCallion
US regulations may have hurt RBS Sempra deal
JP Morgan has reportedly amended plans to purchase RBS Sempra Commodities, excluding the North American portion of the business.
Singapore Exchange to trade fuel oil futures in February
SGX has announced details of a new fuel oil contract scheduled for launch on Monday, February 22.
Lukoil-led consortium seals Iraq deal
A consortium led by Russian private oil company Lukoil is the latest in a line of energy giants sealing deals in Iraq, in a move set to develop one of the country’s largest oil fields.
Markey: Climate bill by end of 2010
President Barack Obama will have a new clean energy bill to sign by the end of the year, according to US congressman Edward Markey.
BP CEO: Oil industry faces supply challenge
The oil industry will continue to face supply challenges in the long term, following China’s burgeoning demand for imports, said BP’s chief executive at the World Economic Forum in Davos, Switzerland.
Element buys stake in Canadian carbon aggregator
Element Markets has invested an undisclosed amount in Agri-Trend Aggregation (ATAI), a member of the Agri-Trend Group of Companies based in Alberta, Canada.
Surplus of Bulgarian EUAs could flood market
A surplus of European Union Emission Allowances (EUAs) sales from Bulgarian companies triggered by a pending European Commission decision could put downward pressure on carbon prices, say experts.
Obama calls for comprehensive energy bill
In last night’s State of the Union address, President Barack Obama said he was eager to advance a bipartisan energy and climate change bill in the US Senate.
Russia and Belarus sign deal and end dispute
Russia and Belarus have ended a dispute over oil supply by signing a deal on Russian oil deliveries for one-third of Belarus’s import needs, confirms Russian deputy prime minister Igor Sechin on the country’s government website.
Russia looks to China for gas contracts
Russia is forging stronger ties with China to diversify its gas buyer base, following payment disputes with countries such as Ukraine and to compete with the growing US liquefied natural gas (LNG) market, say analysts. Meanwhile, Europe is looking to…
Transmission holds US wind power back despite 2009 record
Wind power is now the joint leading source of new electricity generation in the US, tying with natural gas, due to record levels of new capacity last year, according to the American Wind Energy Association (AWEA).
Ice receives CFTC clearing registration
IntercontinentalExchange (Ice) has been granted limited registration by the Commodity Futures Trading Commission (CFTC) as a US derivatives clearing organisation (DCO).
Mexico sees return to normality for oil hedging
Banks’ ability to act as a counterparty is “back to a very normal situation” after the credit crunch, according to one of the designers of Mexico’s oil price hedging programme.
Ferc proposes credit reforms
The Federal Energy Regulatory Commission (Ferc) has outlined credit reform proposals aimed at balancing the need for market liquidity with appropriate risk management while ensuring reasonable rates.
Venezuelan sands could dwarf Canadian reserves
Venezuela’s Orinoco Oil Belt could contain 513 billion barrels of technically recoverable heavy oil, double original estimates, according to a report released last week.
Carbon regulation block unlikely to get past President
A congressional move to prevent US Environmental Protection Agency (EPA) regulation of carbon emissions is unlikely to get past President Barack Obama, but the bipartisan protest indicates legislators want extra time to formulate their own climate change…
Indian power market faces increased regulation
India’s Central Electricity Regulatory Commission (CERC) issued Power Market Regulations for 2010 this week as part of the Electricity Act passed in 2003.
Iran sets out mixed energy plan 2010/2011
Iran’s national budget for 2010/2011 will be less reliant on oil revenues but will still reveal "good news" on oil production of 20% enriched fuel in February this year, says Iranian president Mahmoud Ahmadinejad, in a move aimed at making the state less…