Market risk
Weathering risk
Earlier this year, Storm Exchange unveiled its electronic weather exchange, based on 500 proprietary, industry-specific weather indexes serving the over-the-counter markets. David Watkins speaks to David Riker, Storm's president and chief executive,…
Going with the flow
The competitive edge that physical natural gas players have historically enjoyed is being eroded by advances in information flows. Vincent Kaminski and Russell Braziel discuss their study, which suggests new information flows have transformed natural gas…
Accessing China's oil market
China's wholesale oil market is opening up to foreign investment and several western oil majors are making inroads. But many regulatory obstacles remain, as Lauren Hilgers reports
A spreading collapse?
The unbridled optimism that spurred the ethanol market upwards in 2006 has been replaced by a more sombre mood. David Watkins reports
Adelaide Brighton
Volatility in the Australian power market has forced the cement manufacturer to employ some innovative risk management and asset optimisation solutions
The one that gets away
Managing volumetric risk is exceedingly challenging, yet getting it wrong can damage a company's reputation and make it look as though it is not in control of its operations. Garth Renne and Ken Truesdell of Brookfield Power suggest some solutions
Lufthansa
The German airline group stresses strong communication between those handling the physical and financial sides of the business as paramount to energy price risk management
First oil futures curve ETFs to list on LSE
Within the next two weeks The London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
“Enron Loophole” will soon be closed: Levin
Senator Carl Levin, who chairs the US Senate's permanent subcommittee on investigations, has said that he will soon introduce legislation that will increase regulatory scrutiny of the over-the-counter (OTC) markets.
Amaranth manipulated gas prices: CFTC
The US Commodity Futures Trading Commission has charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
SGX AsiaClear adds to OTC BOM contract suite
Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of over-the-counter (OTC) balance-of-month (BOM) Dubai crude oil swap and kerosene swap contracts from August 2.
Trading begins on Prague Energy Exchange
The Prague Energy Exchange (PXE), a platform for trading electricity in the Czech Republic, launched successfully at 9am CET this morning, with ten participants trading physically delivered futures contracts dated monthly for the remainder of 2007.
WTI, Brent climb after IEA report
A report from the International Energy Agency (IEA) has called for the Organisation of Petroleum Exporting Countries (OPEC) to increase production in order to relieve market tightness going forward.
ICE completes ChemConnect acquisition
Electronic energy marketplace and soft commodity exchange IntercontinentalExchange (ICE) has closed on its acquisition of ChemConnect Incorporated’s commodity trading business.
Cbot says yes to CME
Chicago Board of Trade (Cbot) chairman Charles Carey says that shareholders have voted “overwhelmingly” in favour of a merger with the Chicago Mercantile Exchange (CME), paving the way for the creation of the world’s largest derivatives exchange.
Dry freight forward volumes rise sharply
The latest figures issued by the Forward Freight Agreement Brokers Association (FFABA), compiled by the maritime information provider Baltic Exchange, show a 32% jump in dry FFA volumes from the first to second quarter of 2007.
Sempra Energy to partner with Royal Bank of Scotland
Sempra Energy today announced that it will form a joint venture with the Royal Bank of Scotland (RBS) to significantly expand Sempra Energy’s commodity-marketing business.
CME makes “final” offer for Cbot
The Chicago Mercantile Exchange has boosted its offer for the Chicago Board of Trade for a third time, wooing its biggest shareholder in the process.
Cbot voters may shun CME bid
Pressure is being placed on the Chicago Mercantile Exchange (CME) to raise its bid for the Chicago Board of Trade (Cbot) ahead of a crucial vote by both sets of shareholders on Monday.
Physical delivery hits 4000 mark on DME Oman contract
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been…
US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.