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The US Environmental Agenda Might Finally Bring an Electric Power System Operator to the West

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The US Environmental Agenda Might Finally Bring an Electric Power System Operator to the West Powered by JUNE 2014 FERC to Revise Pricing CAISO Expands Energy Argus Expands LNG EEX to Support Mechanism for Energy Imbalance Market Assessments for Australia Kazakhstan Commodity and Ancillary Markets to the West and Brazil Exchange Caspi The US Environmental Agenda Might Finally Bring an Electric Power System Operator to the West Powered by New products and Delisting of products and Potential impact Changes to data attributes, data sources data sources on data replacement of products Summary Editor’s Letter 4 Platts to Discontinue Monthly Coking It Is Not All about Fossil Fuels: Coal 90-Day Forward Assessments 18 US Power Markets Might Be Facing Serious Revisions 4 Platts Removes Lower Zakum and Umm Shaif Crude Assessments18 Platts to Stop Urals CFD Outrights 18 Power Markets 6 Platts Ceases NWE Average Styrene Contract Price 18 FERC to Revise Price Formation for Energy and Ancillary Markets 6 Argus Removes 7-28 ICE LS Gasoil Swap Series 18 FERC Approves Expansion of the CAISO Energy Imbalance Market into the West 7 Argus Discontinues Middle Distillate Series 19 NGX Launches WECC Physical Future Power Products 7 ICAP Energy and Gasteam Form Partnership to Strengthen LPG Operations 19 Platts to Begin Assessing Turkish Month-Ahead Baseload Power 7 Platts to Update C+F Japan Gasoil Specification 19 ICE Endex Creates German Power Futures 8 Platts to Change Timestamp for Panamax Coal Freight Rates 19 Platts Adds Units of Measurement to European Platts Modifies Urals and Med MOC Crude Deals Spark Spread Assessments 8 to Include Slippage Days 19 NYMEX to Revise Termination of Trading Rules for Platts to Review CFR Indian Thermal Coal Methodology 19 189 Electricity Futures 8 Platts Delays Implementation of Change to US Ethylene Delivery Training 20 Fossil Fuel Markets 10 Platts Expands European Jet Fuel Summaries in PGA 20 Platts to Launch M+4 Cash BFOE Assessment 10 Platts Splits Pages for Americas Tanker Coverage 20 Platts to Introduce FOB USGC ULSHO Cargo Assessment 10 Platts Updates Timestamp for European Gas, Power, LNG, and Coal Exchange Rates 21 Platts Proposes 500 CST FOB Rotterdam Barge Assessment 10 Argus Renames Metallurgical Coal Price Series 21 Platts Generates FOB USGC LSR Naphtha Assessment 10 Argus Changes and Renames Urals Med and Netback Platts Lists Coal Assessments in New Dry Freight Wire Publication 11 Russian Crude Assessments 22 Platts Adds 77 Grade eWindow Instrument for Heating Oil 11 Argus Alters Data File Time for Mideast Gulf and Platts Proposes New 5,500 kcal/kg CFR India Coal Assessments 11 Indian Ocean Products 22 Platts Creates Assessment Rationales for Middle East and Asia NYMEX Lists Crude Oil and Natural Gas Options on CME ClearPort 22 Refined Products 12 NYMEX Expands Listing Schedule for 26 Asian BALMO Platts to Publish Weekly Price Changes for Asian MX 13 Futures Contracts 23 Platts Requests Feedback for London NYMEX Increases Listing Schedule for Australian Coking Time Brent and WTI Futures Assessments 13 Coal Futures 25 Platts Lists ESPO Crude Rationale Page on PGA 14 NYMEX Expands Contract Month Listing for Oil and Natural Platts Launches New Linden Distillate Assessments 14 Gas Options 26 Platts Generates Day-Ahead Flow Date Gas Prices for Europe 14 NYMEX Amends Names of Center Point Natural Gas Futures 26 Platts Adds New Bakken Crude Oil Assessment 14 ICE Extends Low Sulphur Gasoil Futures Contract Listing 27 Argus Makes Metallurgical Coal Assessments 15 ICE Corrects Expiration Dates for Wet Freight Futures and Coal Early Single Expiry Options 27 Argus Introduces New Brazilian LNG Series 15 ICE Brent Crude Futures and Options Contract Listing Extended 27 New Argus Assessments in Dewitt Olefins Daily Publication 15 Additional Argus Series in Australian LNG Daily Publiction 16 Ag, Biofuels and Metals 28 Argus Creates Fuel Oil and Polymer Bitumen Assessments 16 Platts Launches New Dry Freight Wire Publication for Iron Ore, Dalian Commodity Exchange Introduces New Coal Alumina, and Agricultural Assessments 28 and Petroleum Contracts 17 Platts to Publish Atlantic Iron Ore Pellet Premium 28 ICE Begins New Coal and Wet Freight Futures and Options 17 Platts Adds Assessments for Brazil P1020 Aluminum 28 Japan OTC Exchange to Launch Market for CBOT Lists New Soybean Board Crush Spread Options Contract 29 TOCOM and RIM Swap Trades 18 Dalian Commodity Exchange Introduces New Platts to Cease Publishing Russia Light Ends Duty 18 Agricultural Contracts 30 June 2014 2 Summary Bursa Malaysia Creates New USD-Denominated Refined Bleached CME Stops Several 10-Year Sovereign Yield Deodorised Palm Olein Futures 30 Spread Futures Contracts 40 Platts to Halt FOB Singapore Ethanol Assessments 30 ICE Sells NYFIX and Metabit to ULLINK 41 Platts Removes RVO Calculations from US Marketscan 30 Euronext and Dalian Commodity Exchange Sign MOU 41 Eurex Delists Gold and Silver Options from US Trading Terminals 31 NYSE Liffe MSCI Equity Index Futures Move to ICE Futures US 41 Eurex Group Concentrates Trading in Agricultural CME Amends DJ-UBS Commodity Index Futures and Swaps 42 Derivatives within EEX 31 CME Updates Five Cleared OTC Foreign Exchange Contracts 42 Argus Changes Metals Categories in Steel Feedstocks Publication 31 NYMEX Lists Gold, Silver, and Copper Options on CME ClearPort 32 Other Matters 43 CME Postpones Listing of Soybean Crush Options 32 Barchart Introduces New Web Services APIs for the Commodity Futures Industry 43 NYSE Liffe US Precious Metals Futures and Options Migrate to ICE Futures US 33 Cantor Fitzgerald Launches Global Intellectual Property Auction Marketplace 43 Environmental Markets and Weather Services 34 Monthly Market Analysis 44 AccuWeather Provides Severe Weather Information on Motorola Solutions’ Intelligent Data Portal 34 Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX) 44 ICE to List New Environmental Contracts for RGGI and California 34 Crude Oil Brent vs. WTI: Forward Curve (NYMEX) 44 EEX and Kazakh Commodity North American Natural Gas Spot Prices (ICE) 45 Exchange Caspi Sign MOU on Environmental Trading 34 Henry Hub Natural Gas Forward Curve (ICE) 45 EIA Makes US Energy Mapping System Available Actual Weather (AccuWeather) 46 from Mobile Devices 34 Electricity: Day-Ahead Prices (ICE) 46 FX, Interest Rates, Credit and Equity Indexes 35 News from Data Vendors 47 FX, Interest Rates, Credit, and Equity Indexes New Data Reports from ZEMA 47 Eurex Plans First GC Pooling Futures 35 EPEXSPOT: Afternoon Auction for German 15-Minute Eurex to Introduce FX Derivatives 35 Contracts to Launch This Year 49 ICE Creates Clearing for High Yield Single Name EPEXSPOT: Power Trading Results in May 2014-Intraday Markets Credit Default Swaps 35 Surge to New Heights 51 ICE Futures Europe Lists Additional Eurodollar and PEGAS: New Monthly Volume Record on TTF Repo Index Futures 35 Spot–Strong Increase on German Spot and Derivatives Market 52 ICE Completes First Phase of LIFFE Transition to ICE Platform 36 PEGAS – Monthly Figures Report for May 2014 53 CBOE to Launch SPX End-of-Month Options 36 Argus Launches First Month-Ahead Index for CME ClearPort Clears American-Style Weekly Australia’s Wallumbilla Gas Market 54 Options on Currencies 36 Argus DeWitt Launches Daily Olefins Report 54 TSX, S&P Dow Jones Indices, and US May be Headed for Methanol Glut by 2018 55 RobescoSAM Introduce S&P/TSX 60 ESG Index 37 Powernext Publishes the French Residual Mix for 2013 56 Montreal Exchange Inc. Launches Futures on Performance of FTSE Emerging Markets Index 37 InDepth 58 Euronext Introduces Spotlight Options in Amsterdam and Brussels 38 The US Environmental Agenda Might Finally Bring Euronext Announces Request for Size Service for ETFs 38 an Electric Power System Operator to the West 58 Deutsche Börse Lists New Amundi ETFs in XTF Segment 38 iShares’ New Equity Index ETF Tradable in Deutsche Börse’s XTF Segment 39 Traiana Launches Enhanced Version of CreditLink 39 NYMEX Delists US Dollar/Colombian Peso Futures 40 June 2014 3 Editor’s Letter It Is Not All about Fossil Fuels: US Power Markets Might Be Facing Serious Revisions By Olga Gorstenko We have almost become used to the idea of fossil fuel LNG markets. These new LNG assessments are quite industries dominating the energy and commodity market data interesting, since they cover two sides of the equation: export news space. This is rightly so, and this trend was sustained and import. An Australian index was developed to reflect the throughout June 2014. However, new developments in U.S. pricing of LNG exports that are scheduled to launch from electric power markets might ultimately result in much larger Queensland by the end of this year. Brazilian import pricing changes, such that this industry may begin to command indexes now extend to a number of countries that supply Brazil attention once again. with this form of natural gas, from Norway to Angola. Platts, Argus, NYMEX, and ICE kept adding more contracts and Petroleum products experienced the widest news coverage in extending existing ones for petroleum, natural gas, and coal. terms of types of products and geography. Information on the We might notice some sort of geographical focus in these pricing of oil and oil derivatives is sought after everywhere updates. For example, natural gas seemed to really matter in in the world, whether this information is related to production Europe, as new products were added for several countries, or consumption. More assessments were added to the set of from the U.K. to Italy. This came as no surprise, given the U.S. petroleum products; attention was also given to the growing attention paid to natural gas in this region. Argus pricing reports developed for Middle Eastern and Asian introduced new assessment series for Brazilian and Australian markets by Platts. June 2014 4 Editor’s Letter Meanwhile, the month of June was very special for U.S. electric power markets.
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