Crude oil
Deal of the Year: BP
Quick BP options deal salvages North Sea oil producer’s acquisition
No easy way to hedge Bakken crude oil, say energy firms
Fragmented shale oil market yet to coalesce around one pricing point
Bank-led commodity decorrelation theory rejected by analysts
Idea that bank retreat loosens correlation ‘doesn’t make any sense’
Derivatives trading rises in North American regional crudes
Oil firms turning to LLS, WCS, Mars and Midland for hedging exposures
Banks counter Fed worries on physical commodities
Goldman Sachs dismisses concerns over catastrophic risk
OIES trying to fuel debate on energy markets, says Fattouh
“There’s no single truth in these markets,” argues institute director
Gulf War and supercycle are career highlights, says Saperia
Veteran oil trader reflects on industry transformed in 30-year career
Morgan Stanley reshuffles oil liquids business amid Rosneft acquisition
Commodities CRO Nancy King is elevated to head of oil liquids at US investment bank
More US oil producers hedging with non-WTI crudes
Increased volatility pushes oil producers to hedge with LLS, WCS and other regional crudes
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
Commodities investing down but not out, Masters says
Global Advisors co-founder believes short-term woes will give way to long-term rally
Commodity position limits may make hedgers think twice
Dodd-Frank and Mifid II position limits could cause firms to withdraw from commodity derivatives
Crude-by-rail data gains in value for traders
As an increasing volume of crude oil is transported via North America’s railroads, market participants are growing hungry for data and market intelligence on crude-by-rail. Such insight had been in short supply, until recently. Alexander Osipovich reports
Barclays enters supply-and-offtake deal with US refinery
Barclays clinches deal with Hawaii refinery as US Federal Reserve scrutinises physical commodity trading by banks
Asia Deal of the Year: Goldman Sachs
Sydney-based Origin Energy was able to raise $500 million against non-core assets in two structured deals by Goldman Sachs
Asia Exchange of the Year: Dubai Mercantile Exchange
Steady growth and big ambition are on show at the Dubai Mercantile Exchange
Linn Energy SEC inquiry sparks hedge accounting debate
Linn Energy, once fêted as a leader in risk management, is under scrutiny by US regulators for its derivatives accounting practices – something that is casting a shadow over other master limited partnerships in the upstream oil and gas business, finds…
Liquidity improves in Canadian heavy oil derivatives
Trading in derivatives linked to Western Canadian Select (WCS) heavy crude oil has jumped in the past few years, giving the country's producers improved opportunities to hedge. But the lack of a unified WCS price index has made it difficult for liquidity…
Cutting edge: Correlation functions in the crude oil and natural gas futures markets
Given the importance of the crude oil and natural gas futures markets, the intra-market correlations in these markets play an important role in pricing, hedging and managing the risks of energy portfolios. This paper by Ehud Ronn contributes to the…
Platts and Shell seek support for competing Brent crude reforms
Oil major Shell and price reporting agency Platts offer rival plans to fix market distortions in Brent crude oil