News
CCX carbon credits may gain SPDC status
The Commodity Futures Trading Commission (CFTC) has issued a Notice of Intent to determine if the Chicago Climate Exchange's (CCX's) Carbon Financial Instrument (CFI) performs a significant price discovery function.
Uncertainty clouds Australia’s carbon trading proposals
The Australian parliament has rejected plans for an emissions trading scheme. The proposed Carbon Pollution Reduction Scheme (CPRS) failed to pass in a Senate vote, but the government plans to re-submit the proposal to the Senate before the United…
CarbonDesk opens for business
London-based emissions broker the CarbonDesk has obtained regulated status from the UK's Financial Services Authority (FSA) to begin trading futures, options and derivatives products on the global carbon markets.
Shell and National Grid join UK consortium to build CCS plant
Royal Dutch Shell and National Grid have announced that they will join ScottishPower's carbon capture and storage (CCS) consortium which is in the process of submitting a bid to build the first CCS plant in the UK.
Markit and DTCC to launch automated OTC trade processing
Financial information services company Markit and the Depository Trust and Clearing Corporation (DTCC) will launch a joint-venture to automate OTC derivative trade processing for all major asset classes on September 1.
Dong Energy acquires German wholesale company
Danish firm Dong Energy has acquired German wholesale company Kom-Strom for €27 million ($38.23 million) from Essent.
Amaranth to pay $7.5 Million fine
The Commodity Futures Trading Exchange (CFTC) announced details today of a court order to settle charges of attempted manipulation of natural gas futures prices against Amaranth Advisors LLC and Amaranth Advisors (Calgary) ULC.
NGX offers physical clearing for US crude oil
Calgary-based Natural Gas Exchange (NGX) today announced the availability of physical clearing capabilities for the United States crude oil market, effective this week.
Twitter interview with Trayport
Followers of Energy Risk on social networking site Twitter joined Elliott Piggott, managing director of trading software provider Trayport for an online interview. The full list of questions and answers is below.
Draft derivatives bill sent to Congress
The US Treasury submitted legislation to Congress today outlining its regulatory reform agenda for the over-the-counter (OTC) derivatives market.
Sugar High
Sugar prices have been trading at the highest levels for 28 years this week with ICE Futures US October raw sugar, the global benchmark, closing almost 6% higher at 22 cents/lb and refined white sugar trading on London's Liffe at US$543 per ton.
CME Group to offer Malaysian crude palm oil contract
Malaysian commodities exchange Bursa Malaysia is to partner with global futures exchange CME Group on trade matching services, product licensing and minor cross-equity investments.
MCX offers imported thermal coal futures contract
India's Multi Commodity Exchange's (MCX) newly-launched thermal coal futures contract traded over 5500 metric tonnes on its first day of trade on Friday 7 August.
Centrica given all clear for British Energy stake
UK competition regulator the Office of Fair Trading (OFT) has approved plans by Centrica to take a minority stake in EDF-owned nuclear generator British Energy. British Energy operates eight nuclear power stations in the UK.
Dynegy announces further losses and asset sale
Wholesale power provider Dynegy has implemented a cost-cutting scheme and plans to sell nine power projects after announcing a $345 million second quarter net loss.
Indonesian commodities exchange to begin trading in September
Indonesia has followed Asian counterparts Singapore and Hong Kong with the launch of its own commodities exchange set to begin trading in September or October. The Indonesia Commodity & Derivative Exchange (ICDX) will initially trade palm oil and gold…
GHG allowances could cost $191 by 2030
The Energy Information Administration (EIA) has predicted greenhouse gas allowances could cost $191 per metric ton by 2030 under the American Clean Energy and Security Act.
CFTC outlines more regulatory concerns
The Commodity Futures Trading Commission (CFTC) ended the last of three public hearings on the energy market today, citing several additional areas of regulatory interest including firewalls, high frequency trading and over-the-counter market regulation.
Senate turns attention to cap-and-trade
The energy industry is holding its breath as the US Senate begins work on a cap-and-trade bill after legislation passed the House of Representatives. Pauline McCallion investigates
LME freight screen proposals make waves
Plans by the London Metal Exchange (LME) to launch an exchange for forward freight agreements (FFAs) have caused a stir, reports Katie Holliday
HuRLOs re-launched for 2009 hurricane season
After a trial launch at the end of the last year's hurricane season, Weather Risk Solutions (WRS) has introduced a set of Hurricane Risk Landfall Options (HuRLOs) for the 2009 season.
Carbon traders reject EDF Energy's price floor calls
Carbon market participants have criticised calls by EDF Energy chief executive Vincent de Rivaz for a carbon price floor, reports Rachel Morison
CFTC steps up speculator scrutiny
The CFTC is to re-examine the role of speculators as it considers imposing federal position limits on futures trading in energy contracts. Pauline McCallion reports