Structured products
Sub-prime hits energy
The fallout from the US sub-prime mortgage meltdown is complicating seasonal uncertainties for energy markets. David Watkins reports
Lithuania to auction EUAs
The Lithuanian Environmental Investment Fund is to offer 552,000 EU Allowances (EUAs) for online auction.
S&P launches Nuclear and Alternative energy indices
Index provider Standard & Poor’s has today launched two energy-related investable indices, the S&P Global Nuclear Energy Index and the S&P Global Alternative Energy Index.
Van Eck goes nuclear at Amex
New York-based asset manager Van Eck Global has launched its Market Vectors Nuclear Energy ETF (exchange-traded fund) on the American Stock Exchange (Amex). It is the first ETF listed in the US that enables investors to gain exposure to companies…
House passes controversial energy bills
A controversial bill to re-direct $15 billion in oil-industry tax breaks towards renewable energy initiatives over the next decade has been passed in the US House.
Crossed wires
The wholesale UK power market has struggled to attract liquidity from financial players. The Futures and Options Association's initiative to restructure the market is intended to solve these problems, but some established market players say they have…
White House pushes for futures fees
The Bush Administration has requested that the House of Representatives approve a proposed transaction fee on futures and options contracts.
First oil futures curve ETFs to list on LSE
Within the next two weeks The London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
Merrill Lynch introduces energy efficiency index
Investment bank Merrill Lynch has introduced a new index, comprised of 40 companies from industry sectors that may benefit from the global drive to improve energy efficiency, reduce carbon emissions and the cost of energy.
SGX AsiaClear adds to OTC BOM contract suite
Singapore Exchange (SGX) has announced that SGX AsiaClear will offer the clearing of over-the-counter (OTC) balance-of-month (BOM) Dubai crude oil swap and kerosene swap contracts from August 2.
Cbot voters may shun CME bid
Pressure is being placed on the Chicago Mercantile Exchange (CME) to raise its bid for the Chicago Board of Trade (Cbot) ahead of a crucial vote by both sets of shareholders on Monday.
Physical delivery hits 4000 mark on DME Oman contract
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been…
Renewed interest
Green certificate trading is growing in Europe, as renewable power generators seek to exploit consumer demand for green energy. But market design could be improved, as Oliver Holtaway reports
Full steam ahead for FFAs
The freight derivatives market has attracted an influx of new players recently thanks to the spread of clearing. With more banks and hedge funds poised to enter, Roderick Bruce looks at what opportunities the market offers and how it needs to develop next
Up in the air
Rising wind power prices are encouraging US producers to turn to the short-term and spot electricity markets. Increasingly sophisticated risk management techniques may follow. David Watkins reports
Amaranth trades “altered natural gas prices.”
Energy hedge fund Amaranth Advisors exploited legal loopholes and altered natural gas prices through “excessive speculation” before its 2006 implosion, a US senate investigation has found.