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Fuel hedgers bemoan bank retrenchment from commodities

Delta Air Lines and World Fuel Services describe impact of Wall Street retreat from commodity markets at Energy Risk Summit USA

Plane in a storm

Hedgers such as Delta Air Lines are having a harder time managing their exposure to fuel prices as banks retreat from commodity markets, attendees at Energy Risk Summit USA heard in Houston on May 21.

Ben Bergum, director of fuel hedging for the Atlanta-based airline, said the declining number of bank counterparties meant Delta was now relying more on cleared derivatives for its hedging

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