consumer dialogue and ways to reduce energy market volatility. The IEF Charter has delivered the enhanced framework for the IEF. Energy market volatility has been addressed in the IEA/IEF/OPEC cooperation programme, which was included in the Cancun Declaration. It covered joint events on the linkages between physical and financial energy markets, including energy market regulation, on energy outlooks and on market data transparency. This IEA/IEF/OPEC programme is now well on track and has already delivered the following useful results that have been discussed by Ministers today. The Joint IEA-IEF-OPEC Workshop on “Understanding the New Dynamic: How do the Physical and Financial Markets for Energy Interact” and the Forum on "Energy Market Regulation: Clarity and Coordination" were convened in London on 22nd and 23rd November, 2010, respectively. The events brought together over one hundred experts from industry, research, government, and the financial and regulatory sectors. --More
