Structured products
Oil & gas sector stung by Obama budget proposals
Tax changes proposed in President Obama's 2010 budget have raised concerns in the US oil & gas industry about supply security and price volatility. Pauline McCallion reports
Russia forges ahead with power market liberalisation
The freely-traded portion of the electricity market in Russia was increased from 30% to 50% on July 1. The rise is in line with the state's plans to achieve 100% free pricing by 2011 and sends a positive signal to the market that it will follow through…
Exelon increases NRG offer
Exelon Corporation has increased its offer to acquire all of the outstanding NRG common stock by 12.4%.
Baltic Dry Index altered to boost derivatives trading
Changes will be made to how the Baltic Dry Index (BDI) is calculated in an effort to boost derivatives trading, the Baltic Exchange announced today.
EU issues national template to meet renewables targets
The European Commission has issued a template for National Renewable Energy Action Plans (NREAPS) requiring Member States to detail their strategies for reaching 2020 renewable energy targets.
DOE awards $408m to CCS projects
US Department of Energy Secretary Steven Chu announced today that two carbon capture and storage (CCS) projects will receive $408 million in funding from the American Recovery and Reinvestment Act.
Bache Commodities launches new green commodities index
Bache Commodities, the global commodities and financial derivatives business of Prudential Financial, has launched a green commodities index.
House passes cap-and-trade bill
The House of Representatives has passed the American Clean Energy and Security (ACES) Act, taking the US a step closer to developing a national carbon cap-and-trade initiative.
Dubai to price physical oil against DME Oman futures
Dubai Mercantile Exchange (DME) has confirmed that the Dubai Department of Petroleum Affairs (DPA) will set its official monthly selling price (OSP) for physical crude based on a differential to the settlement price of the DME's Oman Crude Oil Futures…
EEEM sees rising returns thanks to climate change investment
Energy efficiency and energy management (EEEM) received over $184billion of climate change stimulus funds and saw the strongest returns, rising 16% year to date, of the four climate sectors outlined in the latest quarterly review of the HSBC Climate…
DOE moves forward on CCS
The US Department of Energy has announced plans to advance the construction of the first commercial scale, fully integrated US carbon capture and sequestration (CCS) project.
Steel industry looks to iron ore swaps
Steel producers remain sceptical of the benefits of hedging with futures contracts. Now interest in iron-ore derivatives could offer another way for steel players to hedge risk, finds Katie Holliday
Industry prepares for OTC regulation debate
The US Government has initiated what is set to be a lengthy and complex debate over proposals for the regulation of over-the-counter derivatives, finds Pauline McCallion
Sheikh Yamani: Saudi Arabia unlikely to embrace oil futures
In an interview this week, former Saudi oil minister Sheikh Yamani told Energy Risk that futures trading on exchanges had turned the global crude oil market into a "casino".
BlueNext and Markit announce new carbon index
Environmental exchange BlueNext has announced that it will form a strategic partnership with financial information provider Markit, to create a range of emission index products.
Dow Jones-AIG Commodity renamed through UBS acquisition
UBS has announced that Dow Jones-AIG Commodity Indexes have been renamed Dow Jones-UBS Commodity Indexes following the completion of its acquisition of the commodity index business of AIG Financial Products.
Biofuels get boost from clean energy revolution
The US Government has announced plans designed to boost the use of advanced biofuels through research, investment and the national Renewable Fuel Standard (RFS).
Morgan Stanley named in FCStone saga
Morgan Stanley has revealed its role in the disposal of a loss-making energy trading account by FCStone in March 2009.
Total bid for UTS fails
French energy company Total has announced the expiry and termination of its offer to acquire UTS Energy for C$1.75 cash per share.
Brokerage launches online catastrophe price index
Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters have today launched the Willis Re Catastrophe Price Index.