News
PetroChina acquires oil sands stake
PetroChina has paid C$1.9 billion for a 60% interest in two projects in the Athabasca Oils Sands in Alberta, Canada.
DOE awards $500m to clean energy projects
Treasury Secretary Tim Geithner and Energy Secretary Steven Chu today announced $502 million would be distributed to clean energy projects in the first round of awards from the stimulus package passed in February.
CFTC releases MGEX enforcement review
High staff turnover and unprecedented market volatility and volume affected the Minneapolis Grain Exchange's (MGEX's) ability to perform all of its self-regulatory functions in recent years, according to the Commodity Futures Trading Commission (CFTC).
Senators delay climate change legislation
Draft climate change legislation scheduled for release next week has been delayed until later this month.
Switzerland adopts a 20% carbon reduction target
The Swiss government has announced it will cut GHG emissions to levels 20% below 1990 levels by 2020.
Nord Pool Spot plans to restructure Lithuanian electricity market
Norwegian derivatives exchange Nord Pool Spot and Lithuanian Transmission System Operator (TSO) Lietuvos Energija have announced plans to restructure the Lithuanian electricity market by January 1, 2010.
Report questions CFTC speculation investigation
Models used by the Commodity Futures Trading Commission (CFTC) last year to assess the effect of speculation on the price of oil might have been inadequate, according to a report released this week.
Spectron launches iron ore desk
Commodities brokerage Spectron has launched an iron ore trading desk covering global iron ore swaps markets.
DTEK creates European electricity trading platform
Ukrainian fuel and energy provider DTEK has created a subsidiary company, Power Trade, enabling it to trade and export electricity to Europe and the Commonwealth of Independent States (CIS).
Australia gives go ahead to LNG project
Australian federal environment minister Peter Garrett has granted approval for the Gorgan Project, one of the world's biggest liquefied natural gas (LNG) developments.
Financials could face carbon curbs under Senate proposals
Senators could call for curbs on who can participate in the carbon market created under the American Clean Energy and Security Act (ACES) when it is considered by the Senate after the August recess. It was passed by the House of Representatives on June…
Traders debate position limits at CFTC hearings
The CFTC announced plans to investigate the need for firm position limits in the energy markets on July 7, 2009.
Market questions UNG's influence
The US Natural Gas Fund (UNG), an exchange-traded fund (ETF) that tracks the prompt-month US natural gas price by buying Nymex futures and Nymex / ICE Henry Hub swaps, has caused controversy by building up a large market position.
Opposition to US climate change legislation gathers pace
The American Petroleum Institute (API) has stepped up efforts to dissuade US Senators from passing cap-and-trade legislation in September.
Pinchin retires from Tradition
David Pinchin has announced his retirement at the end of August as chief operating officer (COO) of Compagnie Financière Tradition, the world's third largest interdealer broker.
UNG fund secures $500million gas swap
Exchange traded fund (ETF) the United States Natural Gas Fund (UNG) entered into a natural gas total return swap for $500 million at the end of the last week, following a $250 million bilateral gas swap secured in July.
John Hall Associates and EnergyQuote merge
UK-based energy consultancies and procurement specialists John Hall Associates and EnergyQuote have merged.
UK tax authority arrests carbon fraud suspects
The UK's tax authority HM Revenue & Customs (HMRC) has arrested seven people on the suspicion of a £38 million VAT fraud involving the trading of carbon emissions allowances.
CFTC enhances international oversight
The Commodity Futures Trading Commission (CFTC) has revised ICE Futures Europe's permission to operate in the US as part of a wider effort to increase international regulatory co-operation.
Biofuels industry to triple in size by 2020
The biofuels market will reach $247 billion in sales by 2020 according to a report from clean technology consultancy firm Pike Research.
South Korea gears up for carbon targets
South Korean companies are demonstrating increased interest in carbon trading, as the country gears up for setting a 2020 emissions reduction target.
EDH financial boost targets OTC transparency
Point Carbon, a market analysis firm, has taken an undisclosed stake in the Energy Data Hub (EDH) in a bid to increase transparency in the over-the-counter (OTC) energy markets.
CFTC withdraws ags exemptions
The Commodity Futures Trading Commission (CFTC) withdrew two no-action letters today that provided relief from federal agricultural speculative positions limits laid out in CFTC regulations.
Shariah-compliant commodity trading platform launches
Trading on Malaysian commodity exchange Bursa Malaysia's Shariah-compliant commodity trading platform - Bursa Suq Al-Sila' - began today.