2005 in review

HIGHS

- An explosion of new players, strengthening emerging markets and increased sophistication defined the energy markets in 2005.

- Record volumes: The New York Mercantile Exchange blew through previous record annual volumes by October this year and at Ice Futures (formally the IPE) Brent and gas oil futures and options volumes hit successive monthly all-time highs.

- The EU Emissions Trading Scheme: the first year of the EU ETS surpassed even some of the most optimistic predictions, with ov

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