Preem AB, Sweden’s largest oil company, will implement Allegro Development Corp.’s Allegro 8 platform to manage its oil supply, trading, refining, logistics, sales, and marketing operations.

Allegro Development, a provider of energy trading and risk management (ETRM) systems, has released Credit Connect 8.1, a new component of the Allegro 8 platform that provides real-time access to credit and financial data, including credit ratings, company financials, credit metrics, market implied ratings, credit default swap pricing, and other key credit data for portfolio analysis.

energycredit, a Temenos company and supplier of enterprise-wide credit risk management software to trading organizations, has launched a preconfigured version of its credit risk management system.

CME Group, the Chicago-based derivatives marketplace, today introduced trading and clearing services for six new petroleum futures contracts based on Platts’ physical market price assessments in natural gas and fuel oil.

On January 22, 2010, a FERC administrative law judge ruled that Brian Hunter, a former natural gas trader at Amaranth Advisors LLC, violated the Commission’s Anti-Manipulation Rule. This case marks the first time that FERC has found market manipulation by a futures trader.

AspectETRM, the fast-to-implement energy trade and risk management system, has been chosen by Geneva-based Lemvig Oil Trading SA for critical front and back office roles.