Exchanges
Forward thinking for backwardation
In certain settings it's reasonable to assume that the current futures price embodies the market expectations of the spot price. However, as Gary Dorris, Sean Burrows and Vena Kostroun explain, there are distinct situations when this assumption does not…
Noble signs India emissions deal
Noble Carbon Credits, part of global supply chain manager Noble Group, has signed a series of long-term certified emission reduction (CER) contracts with India¹s Gujarat Fluorochemicals (GFL).
DME on track for Q4 launch
The DME reveals the details of its first sour crude contract, while construction work begins on its trading floor
CFTC accuses BP of price manipulation
The US Commodity Futures Trading Commission (CFTC) has accused BP Products North America of price manipulation in the US propane market.
EEX launches coal futures
Two major exchanges announced the launch of coal futures contracts last month, sparking fears that the competition might cripple liquidity in this fledgling market
The end of an era?
Latin American governments are hiking taxes and forcing changes to contracts with oil and gas investors in a marked departure from the economic liberalisation of the 1990s. But reality may prompt a rethink, writes Maria Kielmas
GlobalCoal wins injunction against Icap
The Court of Appeal in London today awarded GlobalCoal an interim injunction against Icap Energy in a dispute over an alleged breach of GlobalCoal’s product licence agreement (PLA), pending trial. GlobalCoal may now seek damages.
Nymex's death knell to floor?
The New York Mercantile Exchange's decision to introduce side-by-side electronic and open-outcry trading heralds the beginning of the end for its floor trade, many market participants believe
Coping with setbacks
Most risk managers and employees in energy companies are familiar with the concepts of market risk and credit risk, but operational risk is receiving more attention in corporate boardrooms these days, writes Sandy Fielden
CME eyes energy market
The Chicago Mercantile Exchange plans to launch energy futures contracts once its non-competitive agreement with the New York Mercantile Exchange expires this summer.