Energy transition
Gunvor enters natural gas, power and carbon markets
Gunvor International, the Amsterdam-based energy trading and logistics company, has confirmed it has expanded its reach by entering the natural gas, power and carbon markets.
UK gas markets to eye US for LNG supply
Transatlantic arbitrage could be on the horizon for the UK, after the manager of UK’s natural gas network National Grid, issued its second gas balancing alert this winter to address the shortfall of supplies from Norway.
LNG experts confident that Asia will take on Australian supply
PetroChina’s cancellation of its deal with Australia liquefied natural gas developer Woodside Petroleum is not indicative of a reduction in LNG demand from Asia, say experts.
Nodal Exchange offers first real-time LMP contracts
Nodal Exchange launched eight contracts today, its first to settle against real-time Locational Marginal Price (LMP).
Chinese CER market in pricing limbo post Cop15
The market for long-term Chinese generated certified emission reductions (CER) units is in a pricing limbo, after China, the world’s largest carbon emissions emitter and one of the largest developers of clean development mechanism (CDM) projects, failed…
Gensler calls for tighter regulation of dealers
Commodity Futures Trading Commission (CFTC) chairman Gary Gensler refused to detail a timetable for imposing position limits on energy traders today, but called for tighter regulation of dealers in over-the-counter derivatives.
Europe North Sea grid seen furthering market coupling
The European Commission is set to build the largest transnational power network of its kind, after announcing it is planning a massive electricity grid to run under the North Sea.
Cold snap highlights UK’s gas storage tightness
UK gas prices have risen following severe winter weather, prompting experts to renew calls for increased storage capacity and a more diversified energy supply.
Total takes $2.25bn stake in US shale
The joint venture agreed by Total and Chesapeake in December could lead to further North American shale deals and signals Total’s desire to develop its unconventional resources worldwide.
Russia/Belarus crisis not expected to affect oil market in the longer term
Russia’s halt in crude oil supplies to Belarus, which is providing some support to the oil complex today (January 4), is not expected to have a big impact on the global market, say analysts.
Republican aims to block EPA carbon regulation
Alaskan senator Lisa Murkowski plans to file a disapproval resolution to prevent the Environmental Protection Agency (EPA) from regulating greenhouse gas emissions (GHGs) under the Clean Air Act.
Exxon boosts unconventional gas position
Exxon Mobil and XTO Energy have announced an all-stock transaction valued at $41 billion, in a move designed to enhance Exxon’s position in unconventional natural gas and oil resources.
SGX steps ups offering to compete with SMX
The Singapore Exchange (SGX) will introduce a fresh range of commodity products in the first quarter of 2010.
Mexico hedges oil price at $57 in 2010
The government of Mexico has hedged much of its 2010 oil exports at $57 per barrel following the successful completion of its 2009 hedging programme, which generated gross revenues of $5 billion.
EPA issues GHG endangerment finding
In a move that could foreshadow regulation of US businesses that emit greenhouse gases (GHGs), the US Environmental Protection Agency (EPA) announced yesterday that GHGs threaten the public health and welfare of the American people.
Australia – renewables policy
As government support for renewables grows globally, Andrew Petersen and Eros Artuso of PwC look at Australia’s latest initiative and compare it with other schemes worldwide
Standardised US coal contracts could boost liquidity
A drive to standardise OTC contracts in the US coal trading sector could boost liquidity in a market hit hard by recent unfavourable supply and demand fundamentals. Pauline McCallion reports
UK energy policy: time for change?
UK energy policy could be set for a shake-up next year, with a change of government looking likely, and security of supply and green issues at the fore, writes Lawrence Haar
Cutting edge: Modelling the correlation function in the crude-oil futures market
Energy market participants often require the computation of coefficients of correlation in a multi-asset portfolio. Addressing crude oil futures contracts, Ehud Ronn proposes and implements a simple procedure to reduce the cross-maturity correlations in…