Energy futures represent contracts to either buy or sell one of the fossil fuels or products related to them at a predetermined future date and price. ...
The majority of energy futures are traded on the New York Mercantile Exchange (NYMEX), which is part of the CME Group that specializes in energy commodities.
Futures are traded on an exchange, they have clearing houses that guarantee the transactions.
This drastically lowers the probability of default to almost never. Contracts are available for trading with BuzzFx, commodities, and currencies. The most traded are oil and gas.
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US Natural Gas
UK Brent Oil
US Crude Oil