Market risk
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.
Essent gains Spanish trading license
Essent Trading announced today that it has been granted a license to trade natural gas on the Spanish market by the Spanish Ministry of Industry, Tourism and Commerce.
Powernext gas futures to launch in November
Energy exchange Powernext is set to launch natural gas spot and futures contracts for the French market in the second half of this month.
CME to launch new gasoil, natural gas liquids and plastics contracts
CME Group has announced the launch of new gasoil options and plastics futures contracts, as well new natural gas liquid swaps.
ETF Securities close acquisition of Gold Bullion Securities
ETF Securities has completed the acquisition of Gold Bullion Securities’ Exchange Traded Commodities (ETC) products listed on London and Australian Stock Exchanges.
Launch of NASDAQ OMX Commodities as acquisition of Nord Pool closes
Global exchange company, NASDAQ OMX has completed the 100 percent share acquisition of Nord Pool International, to create NASDAQ OMX Commodities, the world’s biggest provider of cleared power derivatives volumes.
Exelon proposes NRG merger
Exelon Corporation has announced details of a $6.2bn proposal to acquire NRG Energy, a merger that would create the largest US power company in terms of assets, market capitalisation, enterprise value and generating capacity.
New futures contracts launched on ClearPort
CME Group is to launch 18 natural gas and 17 petroleum product swap futures contracts on its ClearPort system.
RTS to launch power and weather futures
The futures and options wing of Moscow-based stock exchange Russian Trading System, RTS-FORTS, is planning to launch electricity and weather futures contracts in 2009.
Eurex to launch commodity index futures and options
Derivatives exchange Eurex will launch futures and options based on Dow Jones-AIG commodity sub-sector indexes in the first quarter of 2009.
JP Morgan takes DME stake
JP Morgan has taken an undisclosed equity stake in the Dubai Mercantile Exchange (DME).
CME allowed to clear OTC ethanol contracts
The Commodity Futures Trading Commission (CFTC) issued an order on October 9th permitting Chicago Mercantile (CME) to clear over-the-counter (OTC) ethanol contracts.
Mizuho and Ambrian team up for LME brokerage
Mizuho Securities USA, the US securities and futures arm of Japan’s Mizuho Financial Group, has agreed to cooperate with Ambrian Commodities, a subsidiary of London-based natural resources investment bank Ambrian Capital.
UBS to remain trading on LME
Contrary to media reports, investment bank UBS will continue to trade on the London Metal Exchange (LME), a spokesperson from UBS has confirmed. However, the investment bank will no longer act as a market maker for the LME, according to the UBS…
Trayport and Icap extend GlobalVision agreement for 3 years
Trading software provider Trayport today extended an agreement with interdealer broker Icap Energy for the use of electronic system GlobalVision until 2011.
ETRM evolution
As energy trading and risk management systems become increasingly sophisticated, Rana Basu of TradeCapture looks at what users need to consider as they progress from implementing and using the most basic to the most complex systems
Turkey's political pipelines
Turkey's strategic position at the crossroads of East and West has put it at the centre of a geopolitical tug-of-war, with energy supply a key driver. Robert Amsterdam examines the energy policies being brought to bear in the region
Funds warn against stifling trade
Recent moves to increase regulation in oil markets are stifling trade and won't bring down prices, warn fund managers