Market risk
Will they weather the storm?
The weather derivatives market saw record volumes in 2006, but these declined sharply into 2007. Evan Koster, David Cohn and Nicholas Rock of Dewey & LeBoeuf look at where the weather market, now 10 years old, may go next
Solid foundations?
In a recent landmark step, India's power regulator has given 'in principle' go-ahead to the setting up of a power exchange in India. However, there is discomfort amongst potential participants over some of the regulator's plans. Rakesh Singh of Wipro…
Setting the stage for 2008
As 2007 draws to a close, the Energy Risk team asked market participants what they regard as the most influential events of 2007 and how these are likely to shape market behaviour in 2008. By Stella Farrington with additional reporting by David Watkins
Didier Giblet
Didier Giblet started out as a police investigator before moving into finance. The global head of energy and commodities trading at Fortis tells Roderick Bruce how an investigative mind has helped him in his career in energy trading
Nord Pool launches German and Dutch power derivatives
Power and emissions exchange Nord Pool will launch power derivatives for the German and Dutch markets from 11 January 2008.
Tullett Prebon launches Central European power platform
Inter-dealer and energy broker Tullett Prebon has launched a Central European power platform.
New Year start for E.On Energy Trading
From January 2008, German utility EOn will combine all its European power, gas, coal, oil and carbon trading operations in the new business EOn Energy Trading (EET), headquartered in Düsseldorf.
Amaranth Sues JPMorgan for $1billion
The fall out from the collapse of energy hedge fund Amaranth Advisors took another twist after the fund launched legal action against investment bank JPMorgan Chase.
EDF Trading and Chubu collaborate on coal
EDF Trading and Japanese utility Chubu Electric Power Company are to establish a new coal business, Chubu Energy Trading, based in Nagoya, Japan.
Nymex takes 15% share in Imarex
New York Mercantile Exchange (Nymex) has agreed to acquire 15.1% of Norwegian derivatives exchange Imarex for around $52 million. Nymex will buy the shares from founding Imarex shareholder Frontline, a Bermuda-based crude oil tanker company.
CNE innovates in energy risk management
Constellation NewEnergy (CNE), a subsidiary of US utility Constellation Energy, has completed a successful trial of a new risk management programme for large industrial users.
Oil & gas construction costs reach new high
Costs associated with constructing new oil & gas facilities have surged to a record high, says Cambridge Energy Research Associates (CERA).
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.
US cannot cope with power demand: NERC
Electricity usage in the US is projected to grow more than twice as fast as capacity growth over the next 10 years, NERC has warned in its 2007 long-term reliability assessment. David Watkins reports
JP Morgan and Chemoil form alliance
Investment bank JP Morgan and fuel supplier Chemoil Energy have formed a strategic alliance to cross-market physical and financial energy products to their respective clients.
First Indian power exchange launched
Market technology firm Financial Technologies (FTIL) and Power Trading Corporation (PTC), a public-private partnership aimed at developing India’s power markets, have launched the New Delhi-based Indian Energy Exchange (IEX), the country’s first…
Mixed reception to oversight efforts
Attempts by the US Senate to grant the CFTC greater market oversight have met with a mixed response, writes David Watkins
Weathering the subprime meltdown
While conventional markets have been battered by the subprime crisis, weather market players have enjoyed high returns. Investing in weather derivatives provides insulation from volatile, chaos-prone and unpredictable human decision-making processes,…