Commodities
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Four positions you may find interesting...
traders' corner
To market to market...
closed-ended funds
LMEminis: an instrument explained
instruments
A positive correction
Country profile
Gas storage parking lot full
More US natural gas storage is needed if price spikes are to be alleviated in the coming months experts believe, but construction interest is limited, finds David Watkins
The regulation debate
Following a series of price spikes, consumer groups in the US are rallying against the deregulation of electricity marketswith some success. David Watkins investigates
Less is more
With Phase II of the European Union Emissions Trading Scheme set to be rolled out, Miles Austin investigates whether it will deliver greater emission reductions than Phase I
An uncertain future
European natural gas demand is expected to rise in the next three decades. But, as Anouk Honore finds, the overall picture is not easy to predict, and depends on what happens in individual countries – particularly Italy and Spain
Depending on Russia
Europe's increasing dependence on Russia for gas supplies throws up new risks that must be assessed. Understanding political risk is key, but the biggest risk to supply could be the lack of investment in the sector, finds Roderick Bruce
Dealing with a volatile gas market
Eric Fishhaut explores the current state of volatility within the US natural gas market and outlines how hedging with 'strips' can be used to secure long-term prices that are variable, but known
Moves to maturity
While many obstacles to the liquid short-term trading of gas in Europe remain, the market infrastructure is showing some signs of maturing. Oliver Holtaway looks at hub development in the European gas markets
Gateway to Europe
Turkey has ambitious plans to open its rapidly-growing gas market up to competition. Yesim Akcollu looks at how realistic these plans are
GMO's emerging market high-flyers
Bill Nemerever and Tom Cooper, co-managers of GMO's emerging markets debt portfolio, have made their names sourcing cheap debt in unusual locations. Shunning roadshows and local currencies, they barely even travel to the countries they invest in. Dalia…
Italian telco Wind whips up a storm in credit markets with mammoth PIK note
The EUR1.7 billion record-breaking payment-in-kind deal priced well inside guidance levels, but there is concern that investors are underestimating the credit risk of such deals
CPDOs: A volatility game
A triple-A rated structure that pays Libor plus 200bp. Who wouldn't be interested in such a product? Perhaps the sceptics warning against the 15 times leverage and the instrument's high exposure to volatility. Laurence Neville reports
Regaining control
Features
Buying in bulk
Features