Risk management in Asia is arguably more difficult to estimate as each country has very different regulatory requirements and political risk. Lianna Brinded speaks to Akihiro Kawabe, executive officer and general manager of the corporate risk management...
Following a $3 billion investment agreement made for a copper-gold mine last year, and the recent tender for $10 billion of infrastructure investment, Mongolia seems to be the new land of opportunity, but there are risks. Alex Davis reports
As thousands of barrels of oil continue to spill into the Gulf of Mexico, energy giant BP has seen its bond spreads widen to unprecedented levels. What will be the implications for Big Oil, and can investors factor in tail risks of this magnitude?
Asian demand for commodities continues to be insatiable. Alex Davis looks at how western investment banks are looking to take advantage of the opportunities presented by the growth
European refining has been in the doldrums for the last few years. Alex Davis looks at the outlook for Europe’s refiners and at how this will affect hedging strategies
Despite the integral role played by forests in efforts to combat global warming, the market for forest-based carbon offsets has been slow to develop. Katie Holliday talks to experts about how this landscape is now changing
Several North American power market system operators have switched to a nodal system in recent years in search of greater market transparency, more granular and accurate pricing and the ability to manage congestion more precisely. Pauline McCallion looks...
An uncertain landscape for the UK power market is discouraging the participation of smaller electricity companies and preventing the development of healthy liquidity levels, say experts. Katie Holliday investigates the market’s prospects
Elimination of a catch-all clearing exemption in US financial reform legislation looks like bad news for big energy companies – the industry warns mandatory derivatives clearing will do untold harm. Peter Madigan reports
With the Commodity Futures Trading Commission poised to implement position limits in energy markets, how will a dramatic expansion of the regulator’s power affect those plans? By John Ferry
With other safe haven assets looking increasingly risky, investors are turning to gold in unprecedented numbers – but a more liquid market may turn out to have pitfalls in the long term. By Alexander Campbell
Specialised quanto products are now driving demand in the weather derivatives markets. Alex Davis looks at why this is the case, and how improvements in data provision are making this possible
As the US takes further steps towards developing a low-carbon economy, Pauline McCallion examines the potential implications for power generation and whether gas is set to gain significant market share from coal
As Europe’s second largest power company, Enel has risk management strategies that are far more sophisticated than those of most Italian power participants. Katie Holliday talks to the company’s chief risk officer, Claudio Machetti
The relatively small and illiquid Italian power markets have attracted increasing interest from energy companies and investment banks in recent years. Katie Holliday finds out why this is and what the potential is for Italy’s power market
Despite recent falls in the oil price, most analysts see prices rising in the second half of the year, with spikes to $100 a barrel not ruled out, finds Lianna Brinded
Shale gas has changed the dynamics of the US markets, but will exploration and production companies be able to replicate the same success in Europe? Lianna Brinded investigates how geological uncertainties and legal issues stand in the way
Utility companies in Japan and South Korea are changing the way they purchase coal after being hit by volatile price swings in coal during the past three years. And their efforts to improve risk management are helping the development of both coal indexes...
Asian airlines and other heavy users of fuels received a sharp lesson about the risks associated with their hedges after fuel prices peaked in 2008 and then collapsed during a six-month period. How have they moved to improve their risk management strategies?...
Commodities are back in favour with investors looking for diversification and absolute returns. But market conditions, coupled with the fact that most commodities remain in contango, means passive beta investments could disappoint. How are dealers structuring...
The concept of using derivatives for risk management is still relatively new to utilities in India and is viewed with caution by market regulators. Katie Holliday talks to market experts about how they expect the discipline of risk management to develop
The interests of trading desks may not always be aligned with the best interests of a vertically integrated company’s assets. Charles Ford discusses some approaches that address this issue
China is the world’s fastest-growing consumer of base metals and its appetite for raw materials has resulted in a staggering growth in onshore listed derivatives. But its relevance to the institutional markets is still limited. Georgina Lee reports