Structured products
Spectron trades first OTC REC option
Energy broker Spectron has brokered the first over-the-counter option on US renewable energy credits (RECs)
LME to launch steel futures in 2008, DGCX steel launch delayed
The London Metal Exchange (LME) will commence futures trading in steel billet in April 2008. There will be two separate regional contracts, defined by the LME as for the Near East and Far East respectively
Macquarie and Nomura form commodity alliance
Macquarie Bank and Nomura Securities, a Japanese securities and investment banking company, have agreed to establish a business alliance in commodity derivatives, which will provide commodity derivative and commodity-based investor products to customers…
DME reveals initial volumes
The Dubai Mercantile Exchange (DME) has revealed volumes from its first two trading days.
ETG Capital opens energy hedge fund
Houston-based hedge fund firm ETG Capital Management has launched an energy fund.
Trading begins at the DME
After months of setbacks, the Dubai Mercantile Exchange (DME), the Middle East’s first international energy futures and commodities exchange, opened for business today.
Bush lays out climate agenda – without emissions trading
In a speech in Washington ahead of the G8 meeting in Germany next week, US President George Bush laid out an agenda for tackling climate change.
Dubai to use DME for crude oil pricing
The Dubai Mercantile Exchange (DME), a joint venture between Tatweer, Nymex and the Oman Investment Fund, announced today that the government of Dubai will cease pricing its export crude oil sales off its current mechanism and instead utilise DME futures…
Bear Energy buys Williams Power assets
Bear Energy, a Houston-based, wholly owned subsidiary of Bear Stearns, has reached a deal to acquire “substantially all” of the power and natural gas assets comprising the power trading business of Williams Power Company.
Asian Development Bank launches carbon fund
The Asian Development Bank (ADB) has launched a fund to provide capital to buy carbon credits at the outset of clean energy projects, after commitments from participants exceeded the $80 million needed for launch.
Société Générale
Oil and Products House of the Year
Commissioning change
Ferc chairman Joseph Kelliher talks with David Watkins about his views on the US energy markets, the Ferc's competition review and what needs doing next
GFI/Amerex/StarSupply
Broker of the Year
Nymex to offer uranium futures contracts
The New York Mercantile Exchange (Nymex) has signed a 10 year agreement with Ux Consulting Company, a uranium pricing index and information provider, to introduce on and off-exchange traded uranium futures products. The contracts will be listed on the…
Coral to acquire Avista
Coral Energy, a subsidiary of Shell Trading, has agreed to acquire all operating assets of Avista Energy, the energy marketing and trading subsidiary of Avista Corporation.
DME launch delayed
The Dubai Mercantile Exchange (DME) today announced that it has delayed its launch by one month until June 1, 2007, subject to regulatory approvals of its clearing arrangement.
ICE launches Middle East sour crude contract
IntercontinentalExchange will go head-to-head with the Dubai Mercantile Exchange (DME) by launching a sour crude futures contract based on Middle East production.
Swiss Re closes European Clean Energy Fund
Global reinsurer Swiss Re has announced the successful close of the European Clean Energy Fund, one of the largest funds of this type in Europe.