News
Barclays launches carbon investor note
Barclays Bank has launched an exchange traded note offering investors exposure to the global carbon price.
globalCOAL futures set for September launch
Electronic coal marketplace provider globalCOAL will launch its financially settled Newcastle coal futures contracts on ICE Futures Europe on September 5.
Hong Kong to launch new commodities exchange
Hong Kong is to launch a new exchange offering energy and commodity products in a bid to capitalize on the boom in Chinese demand for raw materials.
CFTC closes ‘London loophole’
The Commodity Futures Trading Commission (CFTC) has moved to impose US position limits and hedge exemption requirements on US customers trading WTI crude oil on London-based ICE Futures Europe.
Brown calls for oil market transparency; reveals investment plans
UK prime minister Gordon Brown has today called for increased transparency in the global oil markets, and revealed a series of international energy investment initiatives.
Business leaders make post-2012 carbon trading recommendations
A group of 91 chairmen and CEOs of major global businesses has presented recommendations for the post-2012 carbon reduction regime to replace the Kyoto Protocol.
Trayport to offer Nymex access
Trading software company Trayport is to offer access to New York Mercantile Exchange products through its Trading Gateway System from July
EDF Trading’s Nordic office commences business
EDF Trading, the subsidiary of EDF responsible for wholesale energy market activity, announces the opening of its Nordic office in Oslo, Norway
Analysts see oil prices topping around $145/bbl
After rising an unprecedented $11 a barrel on Friday to reach a record high of $139.12/bbl, New York crude futures were seen to consolidate before rising again. However some analysts believe a cap on prices exists around the $145/bbl level
Dow and EDF Trading to cooperate on LNG
Dow Chemical Company and EDF Trading have signed a four year agreement to share liquefied natural gas (LNG) regasification capacity, in order to secure LNG cargoes destined for the European and US markets.
Texas power spikes set tone for summer
Surging wholesale power prices in the ERCOT region may set the tone for a summer of skyrocketing costs, say analysts.
Triple Point Technology acquires INNSINC
Risk management software company Triple Point Technology has acquired Investment Support Systems Inc (INNSINC) for an undisclosed fee.
Deutsche Bank revises carbon price forecast – good news for CCS
Deutsche Bank has forecast a 2008 EU Emission Allowance (EUA) price of €40 per tonne, up from €35. The bank says a price of €40 will be high enough to incentivise future power plant and carbon capture and storage (CCS) build.