Risk management
Ex-Credit Suisse bankers founding energy risk advisory firm
Former head of power trading joins at least one ex-colleague to found Scoville Risk Partners
Credit valuation adjustment for energy and commodity derivatives
This is the first of a two-part series on credit valuation adjustment (CVA). In this piece, Carlos Blanco and Michael Pierce introduce the concept of CVA and show how to calculate CVA at the trade and portfolio levels
Aggressive oil hedging enables Plains E&P’s big deepwater play
Plains Exploration & Production will hedge up to 90% of its oil production for the next three years, the Houston-based company says as it reaches a deal to buy $6.1 billion of oil assets in the Gulf of Mexico from BP and Shell
Outlook for freight derivatives market
Liquidity in the dry bulk freight derivatives market dried up rapidly this year with many players exiting the market. Jay Maroo talks to market experts about their outlook for the market now and what needs to be done to kick-start it
Does commodities floor trading have a future?
Once the beating heart of global energy markets, the Nymex trading floor now seems to be in its death throes. Alexander Osipovich asks how much longer open outcry has to live – and whether we should be sorry to see it go
New breed of upstream oil & gas firms have increased appetite for hedging
The growth of master limited partnerships in the North American energy sector is creating a new breed of exploration and production companies with an increased appetite for hedging. The biggest of these, Linn Energy, has hedged 100% of its production out…
Energy Risk interview: chief fund manager at Japan's Astmax
Tetsu Emori, chief fund manager at commodities-focused asset manager Astmax, talks to Energy Risk about the firm’s trading strategy and his commodities outlook for Asian investors
Energy Risk interview: Bharat Petroleum's hedging programme
RK Mehra, executive director (international trade) at Bharat Petroleum Corporation Limited, talks to Jay Maroo about his company’s commodity hedging programme, corporate hedging in India and the likely effect of any regulatory changes
Outlook for commodity trading in Asia
Commodities trading in Asia has grown significantly with corporates looking eastwards for new opportunities and growth. But an uncertain global climate and regulatory differences provide challenges. Gillian Carr reports
Commodity hedging's PR dilemma
Media coverage of hedging is often flawed, distorted or downright wrong, and companies face huge challenges in managing public perceptions of their hedge programmes, Alexander Osipovich finds
Turning points: Brenda Boultwood
As Brenda Boultwood, the former chief risk officer of Constellation Energy, sets off in a new career direction, she tells Alexander Osipovich about managing risk through tough times
Trading positions: September 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Five myths about the build or buy debate for energy risk and valuation models
Building additional risk and valuation functionality for existing ETRM systems is very often necessary, but decisions to develop it internally are often flawed, argues Chris Strickland
Publication of swap definitions triggers countdown to compliance deadline
The publication of swap definitions earlier this week initiates a 60-day countdown for compliance to key parts of the Dodd-Frank Act
Turning points: United Icap's Walter Zimmermann
From meditating with the Maharishi Mahesh Yogi to using fractals to predict oil prices, Walter Zimmermann of United Icap has had a remarkably varied career. Alexander Osipovich reports
Applied risk management series: modelling spreads in energy markets
The modelling of energy spreads, surprisingly, is one of the most overlooked areas in energy finance. Carlos Blanco, Michael Pierce and José Ramón Aragonés explore the most widely used one-factor and two-factor spread models for derivatives valuation and…