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Staying one step ahead

LNG

In 2004, Frank Holmes, chief executive of Texas-based US Global Investors was bullish steel. He realised that the combination of increasing demand for oil from China, and the phasing out of single-hulled tankers, was going to create a demand for new oil tankers. So he bought a million shares in steel company Algoma Steel Inc. at $3 a share, selling them once they’d reached $30 a share.

This tidy $10 million was secured due to Holmes’ understanding of the energy market, and the inter-relation

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CRO interview: Brett Humphreys

Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register

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