News
Iosco likely to act on commodity storage concerns
The role of warehouses and other storage facilities in commodity derivatives is likely to be targeted in new Iosco principles, or a more rigorous application of existing ones, says a senior regulator
Goldman and Citi defy gravity on commodity VAR
Commodity VAR at Citi and Goldman Sachs stays about the same or increases from 2012–2014, as other major dealers pare back
Energy firms hammer CFTC over position limits rule
The bona fide hedge exemptions in the CFTC's proposed position limits rule have come under attack from energy companies
Metals traders shun clearing due to Emir, says LME chief
Emir's introduction of segregated clearing accounts is pushing firms towards trading OTC, says LME head Garry Jones
Capacity mechanisms spark concern from power traders
Zest for subsidies could threaten plans for unified EU electricity market, argue power traders
Dodd-Frank reporting rule hurts hedgers, Massad admits
CFTC head acknowledges difficulty faced by hedgers in illiquid commodities from Dodd-Frank reporting rules
Oil dive increases importance of trading, says Statoil
Asset-based trading seen as crucial by Statoil in environment of lower oil prices
Energy trading firms unready for Remit, survey finds
IT systems not geared for trade reporting under EU anti-manipulation law
Oil, weather and Ukraine boost European gas volumes
2014 saw rising activity in Europe's exchange-traded and OTC gas markets
CFTC’s Bowen demands action on position limits
Time for CFTC to ‘bite the bullet’ on controversial rule, Democratic commissioner says
Goldman upbeat on commodities despite tighter regulation
Adapting to new rules and capital requirements is achievable, says Agran
US natural gas hedge fund shuts down
Roaring Fork says poor liquidity in energy derivatives foiled its trading strategies
CDM future in doubt amid changes to EU carbon rules
UN developing country scheme being slowly suffocated, firms say
CFTC urged to co-operate with EU on position limits
US rules should take effect simultaneously with Mifid II, argues FIA
Energy traders shun trade surveillance, survey finds
Result comes despite tougher rules on market manipulation and abuse
Energy traders seek deal on Remit delegated reporting
Efet is working to prepare a standard framework for delegated reporting under Remit with energy exchanges and brokers, before an October deadline for reporting kicks in
Carbon trading firms positive about future of EU ETS
Carbon market participants are optimistic about the future of the European Union Emissions Trading System due to solid political backing from Brussels, a survey by Energy Risk suggests
Pemex ramps up risk management amid energy reform
Mexico's energy reform is leading state-owned oil and gas giant Petróleos Mexicanos to boost its risk management activities and consider new strategies for commodity hedging
E&P firms restructure hedges amid oil price plunge
Oil exploration and production companies in North America are looking to restructure hedge positions that have become extremely valuable since the dramatic decline in crude oil prices during the second half of 2014
Citi buys Credit Suisse commodity trading books
Citi has entered into a transaction to take on most of Credit Suisse's energy and metals positions, following the Swiss bank's exit from commodities and similar deals with Deutsche Bank earlier this year
Energy traders mine Dodd-Frank data for market insight
Public data feeds required by the US Dodd-Frank Act are offering banks and energy trading firms a window into transactions taking place in uncleared over-the-counter commodity derivatives
Battery storage to transform power market models
The development of economical battery storage could rewrite the rules of electricity trading and create a need for newer and more sophisticated models, say market participants
Vitol will not replace banks in energy hedging, says CEO
Liquidity provision in energy derivatives markets is not Vitol's role, says the trading house's president and chief executive, Ian Taylor, despite the retreat of major investment banks from commodities
Oil slump expected to lure investors back to commodities
Return of volatility in crude oil prices creates trading opportunities for hedge funds, market participants say