LONDON (Reuters) – China’s new crude oil futures contract, which began trading this week, has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed. The history of futures and options trading is littered with new contracts launched amid great fanfare but which subsequently failed to develop sufficient […]

PARIS (Reuters) – General Electric plans to invest more than $400 million over the next three to five years to develop the world’s biggest offshore wind turbine, which will have a capacity of 12 megawatts and stand 260 meters (853 feet) tall.   With 107-metre blades, longer than a soccer field, the Haliade-X turbine will […]

  The explosive growth of renewable energy has shaken up the energy industry over the last decade. As the costs of solar and wind continue to fall and bottlenecks like storage capacity are diminished, the International Energy Agency predicts that renewable energy will comprise 40% of global power generation by 2040. In the next five years, the […]

BRUSSELS (Reuters) – European Union environment and energy ministers on Monday agreed renewable energy targets for 2030 ahead of negotiations next year with the European Parliament, which has called for more ambitious green energy goals.   Ministers said they would aim to source at least 27 percent of the bloc’s energy from renewables by 2030, […]

NEW YORK (Reuters) – A University of Michigan doctoral candidate has estimated the potential annual profit from “latency arbitrage” on the S&P 500, a trading tactic at the heart of Michael Lewis’ claim in his book “Flash Boys” that markets are rigged, at about $3 billion.   The research is the first empirical study on […]