Market risk
Trading goes live at South Pool
Trading at the South Pool regional energy exchange, a joint-venture between Slovenian power market operator Borzen and Eurex, began today.
Exelon bid rejected
NRG Energy has rejected Exelon Corporation’s unsolicited merger offer made on 19 October 2008, claiming it “significantly undervalues” the firm.
DME to list products on CME Globex
The Dubai Mercantile Exchange (DME) has announced plans to list its contracts exclusively on the Chicago Mercantile Exchange (CME) Globex platform.
Coal futures contract launched on ICE
Coal-trading platform globalCOAL has collaborated with global futures exchange the IntercontinentalExchange (ICE) to introduce a financially settled coal futures contract, entitled the gC ICE Newcastle Futures contract, specifically designed for the…
Derivatives loss impacts on Reliant’s Q3 results
Reliant Energy has announced a third quarter net loss of $1.04bn, due to unrealised losses of $1.69bn on energy derivatives.
Constellation announces further plans to boost liquidity
Constellation Energy has reported a third quarter loss and announced plans to sell its downstream gas trading operations in an additional bid to increase its liquidity position.
CFTC petitioned to allow clearing of OTC agricultural contracts
Agora-X an electronic trading and negotiation platform for commodities, has petitioned the Commodity Futures Trading Commission (CFTC) to allow the clearing of over-the-counter (OTC) contracts in major agricultural commodities.
End of the boom?
Canadian oil sands production has grown rapidly in recent years, but are rising project costs and falling oil prices now jeopardising projects? Pauline McCallion investigates
Where next for oil prices?
Despite recent steep losses, oil remains in a long-term uptrend, although this is under serious pressure. A technical analysis suggests risk remains greatest to the downside, writes David Linton of Updata
Shale shake-up
With high natural gas prices, volatility and fewer financingoptions, shale gas developers are de-risking through jointventures and more aggressive hedging programmes. CatherineLacoursière reports
How low can it go?
Oil prices have lost almost half their value since thesummer as the turmoil in the global financial marketsrages on, causing many analysts to revise down theirforecasts. Pauline McCallion finds out what they areexpecting for next year and beyond
Political power
Eight years after market liberalisation, Italyis launching physical electricity forwardsand financial futures, but barriers to afreely-traded transparent power marketremain. Roderick Bruce reports
Overview and static valuation
John Breslin, Les Clewlow, Tobias Elbert, Calvin Kwok and Chris Strickland illustrate how the four most common valuation methodologies can be used to optimise gas storage and trading
Bagging a bargain
The global oil sector is likely to emerge from the credit crisis with a more concentrated pool of players, but power will increasingly revolve around China and India as they tap the markets for cheap assets, finds Catherine Lacoursière
Dry bulk freight rates on a sinking ship
A combination of the credit squeeze and dwindling demand for raw materials has seen dry bulk freight rates slump to levels not seen since 2002. Peter Norfolk at SSY charts the fall
VeraSun Bankruptcy Highlights Tough Ethanol Market Say Experts
VeraSun Energy’s latest financing package may have given it the necessary relief to continue operations, but its bankruptcy filing indicates times are extremely tough for the ethanol industry, with more casualties expected, experts say.