Risk management
2014 Risk & Energy Risk Commodity Rankings photos
The top firms in this year’s Risk and Energy Risk Commodity Rankings were honoured at a champagne reception in London on February 25. We showcase the winners
Applied risk management series: Active VAR management
In this article, Carlos Blanco introduces a set of tools to assist traders and risk managers in actively managing the value-at-risk of energy derivatives portfolios
Commodity trading houses have banks on the ropes: so what?
Commodity trading houses may well be the new market heavyweights. But contrary to arguments made by bankers, that isn’t necessarily a problem
Energy Risk marks 20 years of covering energy markets
Energy Risk was first published back in February 1994. Since then, its fortunes have risen and fallen with those of the wider energy risk management industry. Mark Pengelly reflects on the highs and lows of the first 20 years
Risk managers should learn from the mistakes of others
Doing enough detective work to discover whether companies are really rotten to the core may be challenging for busy risk managers. But bad eggs usually come with early warning signs, which are easier to spot, writes Vincent Kaminski
Looking back: Post-Enron nerves give way to longer-term fears
By January 2002 – just one month after US energy giant Enron filed for bankruptcy – the more lasting implications were becoming clear in the pages of Energy Risk
More US oil producers hedging with non-WTI crudes
Increased volatility pushes oil producers to hedge with LLS, WCS and other regional crudes
Coal derivatives market fired up by new participants
Commodity traders and physical producers move into coal derivatives as major banks retreat
Commodities investing is still fundamentally sound
Commodity investors may have had a bad year, but putting money into commodities of finite supply continues to makes sense
Off-the-shelf ETRM software taking off, survey reveals
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require significant customisation and rarely meet all their ETRM needs…
Commodities investing down but not out, Masters says
Global Advisors co-founder believes short-term woes will give way to long-term rally
CFTC has ‘turned the corner’ on swap data mess, says O’Malia
New CFTC working group will iron out inconsistencies between SDRs and address end-user concerns, commissioner vows
Centrica hires ex-Hess market risk director
John Wengler joins Centrica Energy as UK-based midstream risk director
Risk & Energy Risk Commodity Rankings 2014 – energy
The past 12 months proved tough for energy dealers, with low volatility, poor liquidity and sluggish levels of client activity. Given this, some banks decided to scale back their commitment to the market – a trend that is reflected in this year’s results…
Risk & Energy Risk Commodity Rankings 2014 – metals
For metals, the past 12 months were marked by plummeting gold prices, directionless markets in base metals and heated rows over the London Metal Exchange’s warehousing system. Despite this, the top dealers and brokers in this year’s rankings are largely…
Deutsche Bank makes commodities cuts
Goldman names new commodities heads; BAML exits European power and gas; GDF Suez promotes Moorooven; Newedge names commodity heads; JP Morgan hires EDF power trader
The 10 biggest energy risk management disasters of the past 20 years
The history of energy trading is littered with losses, bankruptcies and other misfortunes that now serve as cautionary tales. Alexander Osipovich looks back at the biggest energy risk management disasters of the past two decades and how they reshaped the…
American Airlines to stop fuel hedging after merger
US Airways policy of not hedging jet fuel will now extend to American Airlines, says chief executive
EEX seeks Asia commodity derivatives boost
Cleartrade Exchange acquisition based on greater prospects for growth in Asian commodity markets
Commodity position limits may make hedgers think twice
Dodd-Frank and Mifid II position limits could cause firms to withdraw from commodity derivatives
Lynton Jones laments IPE's hesitation over electronic trading
Lynton Jones, the IPE’s former chief executive, tried hard to promote electronic trading in Brent futures. But those efforts met with strong resistance, he tells Mark Pengelly
Energy Risk Europe & North America awards open for entries
Enter now to win one of Energy Risk's coveted Europe and North America awards
Looking back: Are banks coming back into OTC energy derivatives?
Banks have often stepped in and out of the OTC energy derivatives market. In this article from August 2001, Energy Risk reports on banks upping their activity
Market coupling: Energy Risk & Baringa Partners launch survey
Energy Risk & Baringa Partners invite you to participate in a landmark survey on European market coupling