Risk management
Is the financialisation of commodities being reversed?
In the past 30 years, a process of financialisation has drastically reshaped the energy and commodity sector. Now, it appears the level of diminishing marginal returns has been reached and that process is shifting into reverse, says energy market veteran…
US propane retailer hedges to offer customers stable prices
Keeping Michigan residents warm for a reasonable price is the central mission of Grand Rapids-based propane and fuels retailer Crystal Flash. But it couldn't be done without hedging and prudent risk management
Video: E.on Global Commodities CRO David Port
Port comments on how risk management will be affected by Uniper spin-off
Video: Jean-Marc Bonnefous, Tellurian Capital Management
Bonnefous defends investment in commodities amid market turbulence
Nasdaq energy futures face liquidity challenge
New energy futures exchange seeks to win market share from CME Group and Ice with cheaper lookalike contracts, but traders say it faces an uphill battle to attract liquidity
Video: Uwe Schulz, CRO of RWE Supply & Trading
Schulz speaks about threats and opportunities facing European utilities
Video: Centrica chief risk officer Olivier Herbelot
Herbelot discusses how the UK power and gas giant manages its risk
Video: Enron 'best' and 'lowest' career moment, says Kaminski
Vincent Kaminski opines on topics including the "best" and "lowest" moment of his career, financial regulation, oil fundamentals and European energy markets in a wide-ranging interview filmed at Energy Risk Summit USA
Cutting Edge: Co-simulation of risk factors in power markets
In this article, Jialin Zhao and Sang Baum Kang propose a simple but realistic model to co-simulate the time series of three risk factors: temperature, electricity load and prices. In addition, the authors provide load-serving entities with a…
Goldman Sachs names global commodity sales head
Castleton appoints Mercuria CIO; Natixis recruits commodity co-head; Logler joins TrailStone; VTB Capital hires commodity head; Maersk Oil names top marketer
Economists, like hedge fund traders, need open minds
Failing to spot an emerging crisis may be forgivable, but not learning its lessons and failing to recognise its root causes are far more serious errors. A rapidly changing world needs economists, risk managers and traders with open minds, argues energy…
Energy trading technology moves gradually into the cloud
Energy trading and risk management (ETRM) software is gradually starting to make use of cloud computing – a move that could improve the efficiency and capabilities of ETRM systems while also reducing costs, say consultants and market participants
Noble Group defends off-balance sheet inventory deals
Noble is justified in keeping optional inventory sales off-balance sheet, even though the firm repurchases these inventories “the vast majority” of the time, says chief executive Yusuf Alireza
Noble Group challenged over mark-to-market accounting
A mysterious organisation called Iceberg Research has accused Noble Group of inflating the mark-to-market values of long-dated commodity trades. The Hong Kong-based trading firm is fighting back, but can't seem to put the controversy to rest
Highlights from Energy Risk Summit Europe 2015
Exclusive coverage of the annual congress for energy traders and risk managers, held on June 24-25 in London
Live coverage: Energy Risk Summit Europe 2015 - Day 2
Follow real-time highlights from Energy Risk's annual gathering of energy traders and risk managers in London
Ask questions and avoid sure bets, energy traders told
David Port, CRO of E.on Global Commodities, called for traders to adopt a more disciplined approach at Energy Risk Summit Europe
Live coverage: Energy Risk Summit Europe 2015 - Day 1
Follow real-time highlights from Energy Risk's annual gathering of energy traders and risk managers in London
Video: FCStone calls for balance in capital and margin rules
The CFTC must balance the needs of stability and market liquidity in its US Dodd-Frank Act capital and margin rules, says INTL FCStone's global head of risk in a video interview at Energy Risk Summit USA
Video: CTRM vendors weigh in on changing demand from energy firms
Vendors cite the impact of lower oil prices, M&A activity and financial regulation
Quant ideas: Do we need realistic models?
It is often assumed that realistic models are a prerequisite for successful risk management, but this is not necessarily true. While using any model blindly can be extremely dangerous, simple Black-Scholes or Ornstein-Uhlenbeck models are more than…
Energy Risk Asia Awards open for submissions
The Energy Risk Asia Awards recognise excellence across the Asian energy and commodity markets
Energy Risk awards 2015: The winners
Citi, Qantas Airways and Mexico's Ministry of Finance and Public Credit are among the organisations honoured in the 2015 Energy Risk awards
Newcomer of the year: Huntington Bank
Huntington Bank’s newly fledged commodity hedging desk has flourished amid the retreat of larger dealers