Energy
Looking back: Post-Enron nerves give way to longer-term fears
Jitters subside as industry ponders role of trading and mark-to-market accounting
Morgan Stanley reshuffles oil liquids business amid Rosneft acquisition
Commodities CRO Nancy King is elevated to head of oil liquids at US investment bank
PetroChina recruits BAML natural gas trader
Former BAML natural gas trader Brad Banky joins PetroChina in Houston
Power trading firm blasts Ferc over manipulation probe
Ferc investigation triggers unusual public defence by obscure power trading firm
More US oil producers hedging with non-WTI crudes
Increased volatility pushes oil producers to hedge with LLS, WCS and other regional crudes
Coal derivatives market fosters burning ambition
Increased attention from both traders and hedgers is providing a boost to the coal derivatives market, say participants, fuelling the success of the API 8 index linked to Chinese coal imports and stimulating further product development efforts elsewhere…
Coal derivatives market fired up by new participants
Commodity traders and physical producers move into coal derivatives as major banks retreat
Classic cutting edge: Swing options and the quest for valuation
Energy Risk presents a classic paper on swing options pricing by Patrick Jaillet, Ehud Ronn and Stathis Tompaidis, which was first published in 1998. It introduced the so-called binomial forest method, which was influential in the development of pricing…
Global Advisors’ Masters looks ahead to commodity rebound
Daniel Masters, the former head of energy trading at JP Morgan and co-founder of hedge fund Global Advisors, has seen his share of ups and downs. Alexander Osipovich reports
Off-the-shelf ETRM software taking off, survey reveals
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require significant customisation and rarely meet all their ETRM needs…
Platts shifts focus away from price reporting code
Price reporting agency says it intends to concentrate on complying with Iosco rules, leaving future of IPRO code in doubt
Oil benchmarks need reform, says Vitol's Taylor
Oil industry needs to make issue of dwindling benchmark production a top priority, says Vitol chief
A can-do attitude
Sponsored Q&A: Axpo Trading & Sales
Emir reporting date sparks 'mad rush' in energy derivatives market
A requirement to report trades under the European Market Infrastructure Regulation kicked in on February 12, creating a rush to comply among energy derivatives market participants. Some firms have struggled with the rules, and say a lack of support from…
Energy firms' systems not ready for regulation, survey finds
ETRM systems are ill-prepared for financial and energy market regulation, according to Energy Risk survey
CFTC has ‘turned the corner’ on swap data mess, says O’Malia
New CFTC working group will iron out inconsistencies between SDRs and address end-user concerns, commissioner vows
Centrica hires ex-Hess market risk director
John Wengler joins Centrica Energy as UK-based midstream risk director
Europe should unite or die, says Lowe
NWE market coupling delays highlight need for robust EU energy regulator, says former EC director general
US energy firms facing Dodd-Frank trade reporting ‘nightmare’
Differing approaches of swap data repositories haunt energy companies trying to reconcile trades
Risk & Energy Risk Commodity Rankings 2014: Energy
Let's (not) get physical
Risk & Energy Risk Commodity Rankings 2014 – energy
The past 12 months proved tough for energy dealers, with low volatility, poor liquidity and sluggish levels of client activity. Given this, some banks decided to scale back their commitment to the market – a trend that is reflected in this year’s results…
Cutting edge: Modelling dependence of price spikes in Australian electricity markets
The deregulation of Australian electricity markets has brought several challenges, including the possibility of price spikes, which expose market participants to significant risks. As Adebayo Aderounmu and Rodney Wolff outline, these spikes are hard to…
The 10 biggest energy risk management disasters of the past 20 years
The history of energy trading is littered with losses, bankruptcies and other misfortunes that now serve as cautionary tales. Alexander Osipovich looks back at the biggest energy risk management disasters of the past two decades and how they reshaped the…
UK power special report
UK Electricity Market Reform will have major ramifications for power market participants. Stella Farrington explores the likely impact