Energy
Early trade slow at Canada's carbon exchange
The first Canadian carbon emissions exchange has opened for trading, but may struggle to find traction amid regulatory uncertainty, finds Katie Holliday
Barclays launches carbon investor note
Barclays Bank has launched an exchange traded note offering investors exposure to the global carbon price.
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.
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.
Prices pose challenge for CFTC
The formation of the CFTC's new energy markets advisory committee (EMAC) has proven to be timely. David Watkins reports
Montreal Climate Exchange open for business
Montreal Climate Exchange (MCeX), the first market for environmental products in Canada, has launched today.
European Commissioner backs power exchange merger
EU energy commissioner Andris Piebalgs has backed the merger of Germany’s European Energy Exchange (EEX) and France’s Powernext to create single Franco-German power spot and futures markets.