Operational risk
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.
ICE Clear Europe to commence clearing on November 3
London-based ICE Futures Europe’s wholly owned clearing house ICE Clear Europe will begin operations on November 3, when all futures and OTC trading positions are transferred from current clearer LCH.Clearnet.
Trayport and Icap extend GlobalVision agreement for 3 years
Trading software provider Trayport today extended an agreement with interdealer broker Icap Energy for the use of electronic system GlobalVision until 2011.
ETRM evolution
As energy trading and risk management systems become increasingly sophisticated, Rana Basu of TradeCapture looks at what users need to consider as they progress from implementing and using the most basic to the most complex systems
David Peniket
David Peniket, president and COO of ICE Futures Europe, talks to Roderick Bruce about making bold decisions
Pricing volumetric risk
Sergey Kolos and Konstantin Mardanov of Citi Commodities presenta general framework for pricing contracts with volumetric risk.They concentrate on a simple payoff and focus the discussion on themain challenge of such contracts, the pricing of the…
A grounded business
As high fuel costs force many airlines to introduce fuel efficiencyprogrammes and even resort to grounding aircraft, Katie Holliday looksat the likely effects of these measures on jet fuel demand and price inthe coming months