Energy
DOE moves forward on CCS
The US Department of Energy has announced plans to advance the construction of the first commercial scale, fully integrated US carbon capture and sequestration (CCS) project.
GFI EnergyMatch adds dry freight FFAs
Interdealer broker GFI Group has introduced cleared over-the-counter (OTC) dry freight Forward Freight Agreements (FFAs) on to its European trading platform EnergyMatch Europe.
Bluenext suspends trading following VAT exemption for carbon
Trading will resume on environmental exchange Bluenext on Wednesday June 10 at 8.00AM after two days of closure following the French Budget Ministry's announcement that carbon permits will be exempt from VAT.
Bidders in for Ecosecurities
A takeover battle has emerged between France's EDF Trading and Dutch company Guanabara Holdings for Irish environmental project developer EcoSecurities.
Australian emissions trading scheme will stunt LNG growth says opposition
The Australian LNG industry has expressed concern about the effect the Rudd Government's Carbon Pollution Reduction Scheme (CPRS) will have on growth, following its proposed introduction in July 2011.
Saxo Bank lowers barriers for entry with launch of commodity CFDs
Copenhagen-based investment bank Saxo Bank has launched its first contracts for difference (CFDs) for investors in commodities, which the bank says will lower barriers to trading energy, metals, soft commodities and grains.
CME launches petroleum swaps and minute-marker energy contracts
CME Group today announced the launch of six financially settled petroleum swap futures contracts and six new minute-marker energy contracts, which will be available from mid-June.
OTC Global Holdings pushes into agricultural products
Interdealer broker OTC Global Holdings (OTCGH) has announced the acquisition of two Chicago-based firms, Futures International and T&J Shuff Enterprises, specialising in agricultural futures and options contracts in corn, wheat, soybeans, soybean meal…
Pockets of growth for weather derivatives sector
While activity in the general weather risk market declined in 2008/2009, Asian and European markets showed growth, according to the Weather Risk Management Association (WRMA).
US climate legislation not vital for Copenhagen talks, says Obama advisor
An advisor to President Barack Obama and director of the New America Foundation's Climate Policy Program, Terry Tamminen, has said international progress on climate change does not depend on the US passing legislation first.
OTC carbon volumes increase by over 80%
The London Energy Brokers' Association (LEBA) has announced that over-the-counter (OTC) carbon volumes have grown by 82% during the first five months of 2009, compared to the same period last year.
S&P to launch carbon risk service
Standard & Poor's is set to launch Copra, a new risk assessment tool offering independent assessment of CER delivery risk for CDM projects
Steel industry looks to iron ore swaps
Steel producers remain sceptical of the benefits of hedging with futures contracts. Now interest in iron-ore derivatives could offer another way for steel players to hedge risk, finds Katie Holliday
Majors' contango play set to fade
Oil companies that profited from storing oil amid falling prices are unlikely to to see similar returns as the longer-term economic picture begins to brighten. Pauline McCallion reports
Adaptation Fund sells first CERs
The World Bank's Adaptation Fund has sold its first Certified Emission Reductions (CERs) as part of its CER monetisation programme.
Sheikh Yamani: Saudi Arabia unlikely to embrace oil futures
In an interview this week, former Saudi oil minister Sheikh Yamani told Energy Risk that futures trading on exchanges had turned the global crude oil market into a "casino".
Carbon industry calls for clarity on emission targets
Leading carbon market figures at the Carbon Expo conference in Barcelona have demanded increased clarity on four crucial issues ahead of the UN's COP 15 climate talks in Copenhagen in December.
Shell reorganises business structure
Royal Dutch Shell has announced a series of changes to its organisational structure including the merging of its upstream businesses and the launch of a new projects and technology business.
New LNG reporting tool launched
A new daily gas flow and LNG vessel movement reporting service for energy traders and analysts has been launched by shipping information specialists Lloyd's Register-Fairplay and energy trading software company Innovez.
House energy committee passes cap-and-trade bill
The Energy and Commerce Committee of the House of Representatives approved The American Clean Energy and Security Act by a vote of 33 to 25 yesterday.