Operational risk
The fight is on for LCH
US clearing giant The Depository Trust & Clearing Corporation (DTCC) has insisted that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
DGCX plastics contracts launch postponed
The launch of two new plastics futures contracts at the Dubai Gold & Commodities Exchange (DGCX) has been delayed.
Derivatives to move to exchange-cleared platforms in 2009
Financial industry experts are predicting a further shift in how derivatives are traded in 2009, with exchange-traded products expected to take over from OTC derivatives, according to a survey by derivatives technology provider Sophis.
RWE Supply & Trading opens Dubai office
RWE Supply & Trading opened an office in Dubai this month to cover activities in the natural gas and LNG markets.
DNV suspension hits CER issuance pipeline
The suspension of CDM project verifier DNV will cause further delays in the CER pipeline, though the market remains robust, finds Katie Holliday
From Russia with hub
Ambitious plans to turn Baumgarten into Europe's most liquid gas hub face many challenges, but if successful could radically change the continent's gas trading landscape. Roderick Bruce reports
Commodities cutbacks at Merrill Lynch
Bank of America through its recent acquisition Merrill Lynch has started to make redundancies within the commodities department in the past few days, according to an article in today's Times .
Russian gas exports to Europe via Ukraine halted
Exports of Russian natural gas to Europe through Ukraine have now been completely halted, according to statements from Ukraine's Naftogaz and Russia's Gazprom.
EDF meeting record French power demand
French utility EDF has brought "almost all" of its available generation capacity online to cope with record power demand highs driven by freezing temperatures, the company said today.
Russian gas exports to Europe “seven times less” after pipeline closures
Gazprom Export director general Alexander Medvedev stated today that an overnight shutdown of three transit pipelines by Ukraine had caused a seven-fold drop in Russian natural gas exports reaching Europe.
EU officials move to settle Russia / Ukraine gas dispute
The European Union today moved to end the impasse in negotiations between Ukraine and Russia to resolve a natural gas supply dispute.
JP Morgan buys UBS’ Canadian energy and ags businesses
UBS is to sell its Canadian energy and global agricultural commodities businesses to JP Morgan, it has announced.
Energy Risk: video interview
Energy Risk interviews European Energy Exchange CEO Hans-Bernd Menzel about the role of exchanges and clearing in Europe's energy markets.
Demise of UK suppliers hits end-users hard
The near-simultaneous bankruptcies of the UK's only two independent energy suppliers has exposed problems in market frameworks and added to challenging operating conditions for end-users, finds Roderick Bruce
Getting the measure of it
Measuring risk in the face of a lack of data is one of the greatest challenges for energy risk managers, say respondents of our risk management survey. Stella Farrington sets out this year's findings
TradeCapture expands to Rome office
Energy trading and risk management provider TradeCapture has announced the opening of an office in Rome with Pete Carlile appointed as general manager for Europe.
End of the boom?
Canadian oil sands production has grown rapidly in recent years, but are rising project costs and falling oil prices now jeopardising projects? Pauline McCallion investigates
ICE Clear Europe goes live
London-based energy exchange ICE Futures Europe yesterday successfully switched its clearing operations from LCH.Clearnet to is own ICE Clear Europe clearing house.
Energy traders clash with regulators
In the wake of the credit crunch, energy trading executives have clashed with regulators over the potential imposition of what they see as onerous trade data reporting obligations.
Nymex announces job cuts
Nymex is to make 150 job cuts over the next 18 to 24 months as a result of its acquisition by CME Group in August 2008.