"No more impact than a winter storm" – such was one trader's assessment of the disruption caused to natural gas markets by the Chapter 11 bankruptcy filing by Houston-based energy giant Enron in early December. But the after-effects may last a lot longer.
After some initial price disruption, liquidity in Enron's core US markets – natural gas and power – seems largely unaffected by the problems of the single largest trader in those sectors. "Liquidity has fallen, and that has led to some increase
The week on Risk.net, December 9–15 2017Receive this by email