Did negative oil prices signify the market was operating effectively, or that something was wrong?
Overhauling pricing models could reap rewards even if prices don’t cross zero again
Model tuned to negative prices has implications for pricing, margining and delta hedging
The market is gravitating to the Bachelier model as an alternative to Black 76
Lucrative hedge portfolios offer promise of cash but unlocking residual value won’t be simple
FCMs call for permanently higher margins following “unprecedented” number of breaches
Energy Risk Asia: IMO 2020 will save lives, but also impact entire energy complex
Producers sceptical that better infrastructure will allow US exports to relieve crude pressures