Energy
More than 50% of US companies unprepared for weather risk: report
Results of a survey carried out by CME Group, the world's largest derivatives exchange, and weather risk management originator Storm Exchange, have found that 51% of senior finance and risk managers concede that they are under prepared to cope with…
Swiss Re’s Conning to manage post 2012 fund
Conning Asset Management Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering EUR 125 million post-2012 Carbon Credit Fund.
New Record for Crude Amid Supply Disruptions
Crude Oil reached a new record of $119.93 a barrel in overnight electronic trading, up from $119.90 reached last week on the New York Mercantile Exchange (Nymex).
UBS and Merrill Lynch lose energy traders
The latest sub prime mortgage-related write downs at investment banks UBS and Merrill Lynch, have hit their energy trading arms, and a number of traders have resigned or been made redundant in recent days.
UBS launches freight market investor index
Investment Bank UBS has launched the UBS Blue Sea Index (UBS-BSI), the first tradable investment index in the dry freight derivatives market.
Dollar low helps push crude to new record
Crude Oil reached a new record of $119.90 a barrel on the New York Mercantile Exchange (Nymex) today amid ongoing supply concerns and a new record low for the US dollar against the Euro, leaving investors looking for an inflation hedge.
BlueNext launches EUA Futures
Environmental exchange BlueNext has listed its first derivatives contracts, offering EU Allowance (EUA) futures with December 2008 to 2012 maturities.
Crude surpasses $117 amid supply disruptions
Crude oil for May delivery hit an all time high of $117.76 per barrel in intraday trading on the New York Mercantile Exchange (Nymex) today, closing at $117.48/bbl.
Crude tops $116 in volatile trading
Crude oil for May delivery hit an all time high of $116.10 per barrel in intraday trading on the New York Mercantile Exchange (Nymex) today.
New $115 high for crude
Crude oil for May delivery hit an all time high of over $115 per barrel on the New York Mercantile Exchange (Nymex) today.
New Crude High on Supply Woes
Crude oil for May delivery hit an all time high of $113.93 in intraday trading on the New York Mercantile Exchange (Nymex) today
Orbeo makes first Phase III carbon trade on ECX
Carbon trading company Orbeo has completed the first futures trade for Phase III of the EU emissions trading scheme (EU ETS), on European Climate Exchange’s new 2013 EUA contract.
Crude hits new high on inventory lows
Crude oil rose by more than $2 per barrel on the New York Mercantile Exchange (Nymex) after US government data showed a drop in inventories, surprising some analysts.
Traders charged in Nymex Illegal Trading Investigation
Former New York Mercantile Exchange (Nymex) director Steven Karvellas pleaded guilty to defrauding customers following a joint probe by New York prosecutors and the Commodity Futures Trading Commission (CFTC).
ECX's CER volumes hit 10 million+ tonnes
The European Climate Exchange says volumes of its certified emissions reduction futures hit over 10 million tonnes in the first 10 days after the March 14 launch
Weaker oil prices ahead, says Lehman
A series of “new fundamental factors” have buoyed oil prices in 2008, but various physical and financial indicators suggest weaker prices to come, Lehman Brothers’ senior energy economist said today at a briefing in New York.
Market split over Green Exchange
The Green Exchange launched its crusade into the environmental trading markets last month, but it will have a battle on its hands to gain critical liquidity, writes Andrew Holt