Converging Power and Natural Gas Markets Raise More Questions for Data Management

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Converging Power and Natural Gas Markets Raise More Questions for Data Management DECEMBER 2014 Converging Power and Natural Gas Markets Raise More Questions for Data Management By Peadar Walsh Powered by New products and Delisting of products Potential impact Changes to data attributes, data sources and data sources on data replacement of products Summary Editorial 4 The New US Budget: The Energy Sector Becomes More “All of the Above” Power 6 Platts Launches US Southeast and West Electricity Assessments 6 CME Lists New Power Options Contracts 7 EEX Launches Greek Power Futures 7 Platts Discontinues Assessments in North American Bilateral Electricity Markets 8 NYMEX Delists Options for PJM, NE-ISO, and MISO 8 CME Amends Eight NYMEX Electricity Products 9 Petroleum 10 Platts to Launch Weekly Turkey Mid-Sulfur Petcoke Assessment 10 Platts to Launch Palm Oil/Gasoil Spread Assessment at Singapore Close 10 Platts Launches FOB ARA Solvent and Virgin Xylene Assessments 11 Platts Launches Daily European OX Assessment 11 Platts Adds Export ULSD Assessments Page to PGA Service 11 Platts Adds New US Gulf Coast Clean Tanker Assessments to Marine Alert 11 Platts Launches Ultra Low Sulfur Diesel Export Cargoes 12 Platts Launches New US Clean Tanker Assessments from US Gulf Coast 12 Platts Launches USGC-North Brazil Clean Tanker Assessment 13 Platts Launches M+4 Cash BFOE Assessment 14 Argus Introduces New Assessments for US Heating Oil and Fuel Oil 15 CME Permits New Block Trades in Gasoline Euro-Bob Oxy New Barges Options 15 CME Lists New Argus LLS vs. Brent Crude Oil Financial Futures 15 CME Introduces New LLS Argus BALMOs Futures Contracts 16 ICE Adds Mini Brent Crude Futures Contract for ICE Futures Singapore and ICE Clear Singapore 17 Platts to End NEW MIBK, Acetone T1 Assessments 17 Platts to Discontinue Q1, Q2 Benzene Assessments 18 Platts to End Some UKC, Mediterranean, Black Sea, and Caribbean Clean Tanker Assessments 18 Platts Stops Publishing Latin America ARPEL Postings 19 Platts Discontinues New Methyl Isobutyl and Acetone T1 20 NYMEX Delists Select Contract Months of NY Harbor ULSD vs. Gasoil Futures 20 NYMEX Amends ICE Gasoil Contract Titles 20 Argus Adds Second Month to NYMEX CMA 21 Natural Gas 22 Platts to Launch LNG Atlantic FOB Marker 22 Platts Launches Columbia Gas, Appalachia Listings 23 Argus Adds New Assessments to Argus Natural Gas Americas 23 Argus Adds New Series to Argus European Natural Gas Publication and Data Module 25 Argus Adds New LPG Assessments for Americas 26 Argus Removes Assessments from Argus Natural Gas Americas 27 PEGAS Migrates EEX Natural Gas Business to Powernext 28 Argus Changes Descriptions for Argus International LPG Data Feed 28 Argus Updates Codes for Argus NGL Americas Data Feed 28 Argus Updates Description in Argus Russian LPG and Condensate Data Module 29 Coal 30 Platts to Publish CME Open Interest for US OTC Coal 30 Platts to Publish US OTC Coal Front-Month, Quarter Averages 31 Platts Launches New Dry Bulk Panamax Assessment for Coal Trade Route 31 Argus Introduces New Metallurgical Coke Price Series to Argus Steel Feedstocks Publication 31 Argus Adds New Coal Assessments to Argus Coal Daily International 32 Argus Introduces New Coal-Based Assessments to Argus Freight 32 Platts Proposes Discontinuing CAPP 1% vs. Compliance Coal Spread 33 Argus Revises Codes for Argus Coal Daily International 33 CME Group Expands Contract Month Listing for Indonesian Coal Futures Contract 35 Softs and Metals 36 Platts Launches Supramax, Handysize Dry Bulk Assessments 36 Platts Launches New Dry Bulk Panamax Assessment on Grain Trade Routes 36 Argus Introduces Month Averages to Fertilizer Index 37 December 2014 2 ICE to Issue New Sugar and Cotton Contracts for ICE Futures Singapore and ICE Clear Singapore 38 Summary EEX to Extend Portfolio by Introducing Agricultural Products 38 Euronext to Launch Dairy Complex 39 Platts to Delist Northwest European SME Biodiesel Assessments 40 See the original announcement. 40 MGEX to Modify Apple Juice Concentrate Futures Contract 40 Platts Launches Turkey ARC Steel Tracker Data 40 Platts Launches New Dry Bulk Panamax Assessments on Iron Ore Trade Routes 41 Platts Publishes New London Platinum/Palladium Prices 42 ICE to Introduce New Gold Contract for ICE Futures Singapore and ICE Clear Singapore 42 ICE Launches CDS Index and European Interest Rate Swap Futures 42 LME Launches LBMA Platinum and Palladium Prices 43 Platts Discontinues China Domestic Pig Iron Price 43 Platts Delists China Domestic Stainless CR 201 Price 43 CME and CBOT Begin Treasury Futures Contracts and Invoice Spreads 44 CBOT Launches Treasury Invoice Swaps 44 ICE to List New Chinese Renminbi Futures Contract for ICE Futures Singapore and ICE Clear Singapore 45 ICE and Eris Exchange Launches CDS Index and European Interest Rate Swap Futures 45 Finance 46 Thomson Reuters Launches Malaysian Ringgit and Philippines Peso Trading 46 Thomson Reuters Releases StarMine SmartEconomics Forecast Model 46 Deutsche Börse Launches New ETF in XTF Segment on Xetra 47 Deutsche Börse Launches New SPDR Bond Index on Xetra 47 Deutsche Börse Launches New UBS Index ETF on Xetra 47 Deutsche Börse Launches PowerShares Equity Index on Xetra 48 DCCC Introduces New Indian Rupee Contracts 48 TriOptima Launches First Cross Currency Swap Compression in USD/Turkish Lira 49 TriOptima Launches First Compression Cycle for Cleared JPY Interest Rate Swaps 49 DSE Launches Trading Engine Powered by Nasdaq 49 Nasdaq Lists Validea Market Legends ETF 50 Euronext Launches the “Euronext Expert Market” 51 PIMCO Launches New Active ETF on Xetra 52 GFI Launches USD MAC Swaps on RatesMatch 52 HKEx Discontinues Trading of Three-Year Exchange Fund Note Futures 52 CBOE Enters into Agreement with MSCI Inc. to List Index Options 53 ICE Sells Remaining Shares in Euronext 54 ICE Completes Acquisition of Majority Stake in Holland Clearing House 54 ICE Completes Liffe Transition to ICE Futures Europe 54 Bloomberg’s FX Technology Platform Selected by Malaysia Money Brokers Association 55 Eurex and GMEX Sign Swap Futures Trading and Clearing Agreement 55 China Financial Futures Exchange Signs MOU with Dubai Gold and Commodities Exchange 56 Korea Exchange and DME Announce Cooperation 56 Weather and Emissions 57 Argus Removes Emission Assessments from Argus Air Daily 57 News from Data Vendors 58 New ZEMA Data Reports – December 2014 58 Successful Launch of 15-Minute Intraday Call Auction in Germany 61 Speedwell SuperPack Offers Historical Weather Data and Weather Data Feeds 62 Opec Member Ecuador Adopts ASCI Price for Crude Exports 63 Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX) 64 Monthly Market Analysis 65 Crude Oil Brent vs. WTI: Forward Curve (NYMEX) 65 North American Natural Gas Spot Prices (ICE) 66 Henry Hub Natural Gas Forward Curve (ICE) 67 Actual Weather (AccuWeather) 67 Electricity: Day-Ahead Prices (ICE) 68 In Depth 69 Converging Power and Natural Gas Markets Raise More Questions forData Management 69 December 2014 3 Editorial The New US Budget: The Energy Sector Becomes More “All of the Above” The US statesmen’s vision for the energy sector has been under a series of transformations over the last several years. It has been through a few cycles, alternating its focus between fossil fuels and renewables, with everything else in between. Nowadays, fossil fuels are on the uptake. On December 13, 2014, US Congress passed H.R. 83, the fiscal year 2015 budget. Some of the winners of next year’s national budget are the Pentagon, the Department of Defense, the National Institute of Health, and education. Overall, the Department of Energy’s $10.2 billion budget was largely unchanged; however, the budget featured mixed outcomes of cuts and additions that solidify the trend of renewable and environmental concerns giving way to fossil fuels – some of the Obama administration’s requests for funds have been reversed and others ignored. The Office of Energy Efficiency and Renewable Energy received a modest increase of $25 million (to $1.937 billion), which nonetheless was about $380 million less than the administration requested. Another denied request was funding for renewable energy research (16% less than President Obama was asking for). Obama was also denied $3 billion he had promised to the Green Climate Fund operating within the framework of the UNFCCC as a mechanism to redistribute money from developed to developing countries to counter climate change. The Environmental Protection Agency (EPA) is losing ground and funding as well: its $8.1 billion budget was cut by $60 million, bringing its staffing to the lowest level since the December 2014 4 Editorial 1980s and curbing the agency’s efforts in Olga Gorstenko enforcing some air and water laws. This Editor budget reduction also prohibits the EPA from Olga Gorstenko regulating lead ammunition and Phone: 778-296-4183 mountaintop-removal mining. Email: [email protected] On the flip side, Congress was generous to fossil fuels and nuclear power by allocating Advertising & Vendor Relationships more than requested by the administration. Bruce Colquhoun The bill provides $913 million to support Phone: (604) 790-3299 nuclear energy. Fossil fuels research is an Email: [email protected] especially interesting case. President Obama Have an idea for an article or would like to requested a decrease in funding, from contribute to an upcoming issue? Write to us $562 million provided in fiscal year 2014 to at [email protected] $475 million. Instead, Congress increased support by boosting funding $100 million To get real-time data updates, follow above what was asked. Fossil fuels R&D in @zedatawatch on Twitter 2015 will amount to $571 million. To access previous issues of ZE DataWatch, Slowly but surely, federal funding of fossil go to datawatch.ze.com fuels research has been creeping up, ZEMA Inquiries growing by about 50% in the past five years. Bruce Colquhoun Phone: (604) 790-3299 All in all, a greater number of Republican Email: [email protected] representatives in Congress is becoming increasingly successful and inventive.
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