Gavel

CFTC orders commodity trading firm to pay penalty for wash sales

Mon, 01/07/2019 - 10:25

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Respondent, Eagle Market Makers, Inc. (Eagle), an Illinois firm, for engaging in wash sales and noncompetitive transactions which were traded on the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (collectively, CME).   »

CO2 emissions

Oil industry looks at CO2 capture and storage to provide carbon-negative fuels

Mon, 17/06/2019 - 10:15

By Beatrice Bedeschi – Oil production has the potential to contribute to curbing carbon emissions thanks to a new technique that involves capturing CO2 directly from the air and storing it underground as part of oil upstream processes, according to industry experts. »

Loud hailer

PanXchange frac sand market data now available on Quandl

Fri, 14/06/2019 - 10:08

PanXchange, an OTC exchange and price discovery platform for physical commodities, is to distribute its proprietary pricing data for hydraulic fracturing proppants, better known as frac sand, through Quandl, a provider of financial and alternative data for financial professionals. »

First

PEGAS launches first LNG products

Thu, 23/05/2019 - 16:09

PEGAS, the pan-European gas trading platform of EEX Group, operated by Powernext, has successfully launched its OTC registration service for LNG Futures. »

Diamonds

Diamond Standard launches fungible diamond commodity

Fri, 03/05/2019 - 07:13

One-year-old startup the Diamond Standard Co has launched the world’s first fungible diamond commodity product – a universal asset to secure any digital transaction. »

Oil price dynamics

Tue, 16/04/2019 - 13:52

Since the turn of the century, the price of oil has whipsawed significantly, falling 75 per cent between November 2014 and March 2016 alone. Over the last 20 years, the market has moved from Peak Oil to Peak Production of oil, to one of Peak Demand for oil.  »

Aluminium

Commodities giant RUSAL makes first US investment since lifting of sanctions

Tue, 16/04/2019 - 10:40

RUSAL, a Russian aluminium producer and key supplier in the commodities space, is teaming with Braidy Industries, a US base holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminium products for the US automotive industry. »

Picture of gas distribution pipework

Pinnacle Asset Management acquires North American natural gas wholesale trading business

Fri, 07/09/2018 - 10:51

Pinnacle Asset Management, a commodities and natural resources investment organisation, has acquired the North American natural gas wholesale trading business from Sierentz Global Merchants. »

Sascha Siegel, EEX

EEX records first trade in liquid milk futures

Thu, 23/08/2018 - 17:51

The European Energy Exchange (EEX) has recorded the first trade in the new liquid milk future. The exchange transaction covered a volume of 25,000 kilograms traded at the price of EUR 36.50/100 kg for the October 2018 expiry. »

Green globe

Osmosis launches market neutral sustainability fund

Thu, 26/07/2018 - 13:50

Sustainable investment management firm Osmosis Investment Management is launching a UCITS fund to provide investors with absolute returns, uncorrelated to equity markets, while delivering a significantly reduced net environmental footprint. »

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