Market risk
Trading begins at the DME
After months of setbacks, the Dubai Mercantile Exchange (DME), the Middle East’s first international energy futures and commodities exchange, opened for business today.
A cracked barrel?
Debate over the suitability of West Texas Intermediate as a benchmark crude resurfaces regularly, but recent price activity in the US oil contract – which influences the entire energy complex – is causing consternation. David Watkins reports
John Wengler
Entergy’s fun-loving chief risk officer talks to David Watkins about what led him into energy risk management
The smart revolution
The smart grid is well on the way to becoming a reality, with some technologies already changing the economics of power supply. However, customers must be offered risk differentiated pricing for the real benefits of the smart grid to be realised, finds…
An air of uncertainty
As gasoline prices soar, the creaking US refinery system is once more under fire. Although today's healthy margins should encourage new investment, unresolved issues of green regulation appear to be curbing this. David Watkins investigates
Conference calling
This year's Energy Risk USA conference broke the record attendance of last year with more than 330 delegates gathering in Houston to focus on the latest issues in energy risk management. The Energy Risk team brings you some highlights
All change for coal
Increased demand for coal, coupled with changes in its physical flows, have caused a surge in coal price volatility and exponential growth in derivatives trade, writes Guillaume Perret of Perret Associates
Dubai to use DME for crude oil pricing
The Dubai Mercantile Exchange (DME), a joint venture between Tatweer, Nymex and the Oman Investment Fund, announced today that the government of Dubai will cease pricing its export crude oil sales off its current mechanism and instead utilise DME futures…
SSY brokers groundbreaking FFA option deal
SSY Futures has recently brokered a forward freight agreement (FFA) option transaction covering Panamax earnings out to the end of 2012. The deal, fixed between two leading FFA users, has confirmed industry claims that there is appetite for longer-dated…
Bear Energy buys Williams Power assets
Bear Energy, a Houston-based, wholly owned subsidiary of Bear Stearns, has reached a deal to acquire “substantially all” of the power and natural gas assets comprising the power trading business of Williams Power Company.
Nymex offers electronic options trading on oil, natural gas, gold and silver
The New York Mercantile Exchange (Nymex) will offer options trading for crude oil, natural gas, gold, and silver on the CME Globex electronic trading platform from June 24 for a trade date of June 25