Winners of the 2022 Commodity Rankings needed new approaches to manage extreme price swings
German move to backstop margins with liquidity facility welcomed by energy producers – but others say it’s unnecessary
Price volatility in energy markets behind the largest cash call on record by the CCP
The CCP’s futures and options division reported its second largest IM breach ever in Q4, as energy prices skyrocketed
EFET warns energy market participants risk being unable to meet “unprecedented margin requirements”
In this paper the author's develop theoretical concepts of optimal injecting and withdrawing for a capacitated commodity storage and give case studies in natural gas.
As governments increase their focus on climate change following the UN Climate Change Conference, COP26, ZE Power asks whether high gas prices in Europe could derail decarbonisation efforts
Price cap was part of the problem, but lack of hedging and oversight also contributed
In this paper, different machine learning approaches are applied to forecasting future yearly price trends in the natural gas Title Transfer Facility market in the Netherlands.
Hedging strategies were powerless to protect firms from runaway energy price rises
Clearing firms say exchange was slow to react as natural gas prices spiked
The goal of this paper is twofold: (1) to describe the new outlook of LNG markets, which has become more and more spot-centric, with Asian LNG futures bringing transparency to spot and forward prices; and (2) to address the valuation of the rerouting…
Energy Risk Awards 2020: Firm’s wide commodities presence, physical and financial risk expertise and financing capabilities result in standout deals
This paper studies the optimal extraction and taxation of nonrenewable natural resources.
Tools to manage LNG freight risk were developed last year, but how is the market responding?
Increased climate policy will put more oil and gas assets under threat of stranding
After a difficult 2018, investors are increasingly wary of risk premia, concerned that factors leading to underperformance might be a recurring problem. Imene Moussa, executive director at UBS, clarifies this issue
This paper models natural gas returns explicitly, allowing for market participants to learn over time and to react differently to present changes in economic variables. This learning and adaptation, and the attendant parameter uncertainty, constitutes…
Macquarie is uniquely positioned to offer clients a range of products, expertise and experience across the commodities space. Nick O’Kane discusses the bank’s approach to commodity markets and what he expects next
As the end of the 90-day truce in US-China trade hostilities looms, commodity markets brace for uncertainty
Energy Risk Asia: energy majors and other entities taking up space vacated by banks
This paper looks at the conditions under which a reasonable green policy by a US state encourages the early replacement of existing coal plants with new natural gas plants.
Study highlights dwindling role of weather in market
Are Trump's efforts to support US coal levelling the playing field for fuel sources, or flogging a dead horse?