Market risk
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
Uncertainty mounts as Optionable falls
Aa bleak week for Optionable Inc, the New York-based energy brokerage behind the Bank of Montreal’s gas trading losses, has continued to get worse. Uncertainty is now growing over the brokerage's relationship with the New York Mercantile Exchange (Nymex).
Icap acquires J. E. Hyde shipbrokers
Interdealer broker Icap has acquired shipbroking and shipping services business J.E.Hyde. The new company will be known as Icap Hyde & Company.
OTC Legal and Black Swan Risk Advisors form strategic alliance
OTC Legal, a legal services company, and Black Swan Risk Advisors (BSRA), an independent advisory and educational services firm, have formed a strategic alliance. Together they will provide comprehensive legal, transactional tax, regulatory and risk…
CFTC demands Platts data
The US Commodity Futures Trading Commission (CFTC) has filed an application in Columbia District Court, seeking to enforce a subpoena for energy-related documents it served on publishing group McGraw-Hill. Part of an ongoing investigation into energy…