Following the firm’s strong performance in the 2023 Energy Risk Commodity Rankings, Axpo Solutions' Domenico Franceschino discusses the extreme market conditions of 2022, along with future expectations for the gas and power markets
Energy price cap may supercharge flight from ETDs and affect CCPs’ ability to manage risks, Esma warns
Highest cash call on record triggered by higher commodity prices as Europe energy crisis persists
Government buying, climate risk and short squeezes may have led to ‘horrendous’ gas market margin calls
A futures price’s term structure is built to account for trends and seasonality effects
Company cut value of gas forwards contracts due to risk of reduced deliveries from Russia
Proposal from energy ministers to ease collateral burdens blasted as “silly” and “terrible idea”
Energy price spikes force clearing firms to consider extreme or even ‘implausible’ scenarios
This paper investigates the dynamic spillover between crude oil, natural gas and the stock markets in Brazil, Russia, India, China and South Africa (BRICS).
IM held against F&O positions hit all-time high, as number of margin breaches nudged higher
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…