US energy firms lament liquidity 'void' after bank exits

Long-dated natural gas and power markets hit especially hard, conference told

Orlando Alvarez - BP
BP's Orlando Alvarez

Traders and risk managers painted a dire picture of liquidity in US energy derivatives markets – especially long-dated natural gas and power – during the annual Energy Risk Summit USA conference in Houston on May 12–13.

The retreat of investment banks from commodities was repeatedly cited as the  reason why liquidity had dried up. Without large financial institutions to make markets, energy firms had fewer counterparties for hedging transactions and faced higher hedging costs, participants at

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: