Risk management
Limited oil and gas resources seen as biggest risk for NOCs
Limited oil and gas resources were identified as the highest risk issue for national oil companies (NOCs), according to a survey of NOCs by risk advisory firm Marsh.
Looking over the counter-arguments
A UK government panel investigating the role of speculators in global crude oil markets has called for more transparency in the opaque over-the-counter (OTC) market, writes Roderick Bruce
Trading strategies - Walking a fine line
A worrying trend is emerging in the UK corporate world, with many companies adopting extremely risky strategies in a bid to reduce their exposure to energy price volatility, says Utilyx chief executive Chris Bowden
GFI expands in European Gas
Interdealer broker GFI has started broking Title Transfer Facility (TTF) on its EnergyMatch Europe electronic trading platform.
ICE cool about further regulation
ICE Futures chairman Bob Reid said today he was “relaxed” about the CFTC regulation of ICE Futures Europe.
Application of MFMC to spread option valuation
John Breslin, Les Clewlow, Calvin Kwok, Chris Strickland and Matthias Pfau continue their discussion of the multi-factor multi-commodity modelling framework
Texas power spikes set tone for summer
Recent surges in US wholesale power prices are driving debate as to whether current spark spreads are large enough to encourage new build. David Watkins reports
Hong Kong to launch new commodities exchange
Hong Kong is to launch a new exchange offering energy and commodity products in a bid to capitalize on the boom in Chinese demand for raw materials.
CFTC closes ‘London loophole’
The Commodity Futures Trading Commission (CFTC) has moved to impose US position limits and hedge exemption requirements on US customers trading WTI crude oil on London-based ICE Futures Europe.
Dow and EDF Trading to cooperate on LNG
Dow Chemical Company and EDF Trading have signed a four year agreement to share liquefied natural gas (LNG) regasification capacity, in order to secure LNG cargoes destined for the European and US markets.
Utilities seek new credit structures
As US utilities bail out of the auction market, they are turning to enhanced credit structures to refinance bond issues. Catherine Lacoursiere reports
CantorCO2e launches VER initiative
Environmental broker CantorCO2e has launched a new venture, the Social Carbon Company, to provide advice and carbon management services to project developers in the Verified Emission Reduction (VER) market.
More than 50% of US companies unprepared for weather risk: report
Results of a survey carried out by CME Group, the world's largest derivatives exchange, and weather risk management originator Storm Exchange, have found that 51% of senior finance and risk managers concede that they are under prepared to cope with…
Swiss Re’s Conning to manage post 2012 fund
Conning Asset Management Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering EUR 125 million post-2012 Carbon Credit Fund.
UBS and Merrill Lynch lose energy traders
The latest sub prime mortgage-related write downs at investment banks UBS and Merrill Lynch, have hit their energy trading arms, and a number of traders have resigned or been made redundant in recent days.
Crude tops $116 in volatile trading
Crude oil for May delivery hit an all time high of $116.10 per barrel in intraday trading on the New York Mercantile Exchange (Nymex) today.
Barclays Capital boosts power market analysis
The investment banking division of Barclays Bank has acquired the assets of Powerlytix, a provider of fundamental market data analysis for the US electricity and natural gas markets.