Risk management
Energy firms rethink risk-capital allocation
Today’s capital-constrained environment is driving energy companies to review their approach to allocating the capital required to support risk exposures. David Stokes and Olly Spinks look at the challenges associated with risk-capital allocation and…
Turning points: GDF Suez Trading's Edouard Neviaski
Energy markets veteran Edouard Neviaski talks to Jay Maroo about what it takes to make it big in the energy trading industry and his route to becoming the chief executive of GDF Suez Trading
Enterprise-wide risk management: The power of cashflow-based metrics
The risks faced by energy/commodity firms need to be assessed via metrics that allow for longer-term outlooks and incorporate risks from asset-backed trading. In the second article in this series, Chris Strickland discusses the range of such metrics…
Michael Cosgrove to leave GFI Group
GFI Group has announced the departure of energy and commodities broking veteran Michael Cosgrove
Special report: Operational risk
For energy traders and risk managers, operational risk extends far beyond IT and trading-systems risk to the real-world fundamentals of delivery risk, shipping delays, pipeline congestion or even a cyber attack on the power grid.
Risk/Energy Risk Commodity Rankings cocktail reception
Photo highlights from the Risk/Energy Risk Commodity Rankings cocktail reception, held in conjunction with Energy Risk’s Software Rankings reception, in London on February 16, 2012
Trading positions - April 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Energy trading firms keen to improve ETRM reporting
Energy trading and risk management reporting, not always the most effective operation at energy trading firms, is undergoing an efficiency drive across the industry, finds Gillian Carr
Corporate hedging strategies affected by banking regulations: survey
Despite ‘end-user’ exemptions, strengthened banking regulations are likely to impact energy corporates due to their reliance on banks and other financial firms to manage hedging programmes, says a survey by Greenwich Associates
Assessing cybersecurity of the US power grid
Threats to the cybersecurity of the US power grid are on the rise and the issue is now on the radars of chief risk officers at utilities, rather than just IT heads. Alexander Osipovich investigates how the industry is responding and assesses the odds of…
Multi-factor forward curve models for energy risk management
In the second article of this series, Carlos Blanco and Michael Pierce introduce the most common multi-factor models of the forward curve used for energy derivatives pricing and risk measurement
Are alpha commodity index products sustainable?
Investor interest in alpha commodity index products has surged over the past year and banks are hard at work creating more of them. Can these exotic new instruments really provide a sustainable source of absolute return? And is the market getting too…
Managing operational risk at commodity trading firms
Proactive management of operational risk is critical to ensuring an organisation responds effectively to ever-changing market conditions and regulatory environments. Julie Shochat and Kenzel Fallen outline how to align strategy, processes and…
DME chief executive to step down
Thomas Leaver will depart from his role as chief executive officer of the Dubai Mercantile Exchange
Energy Risk Deals of the Year 2012
In this special feature, Energy Risk highlights six deals that showcase the innovation currently present in energy financing, structuring and derivatives trading
Energy Risk's 2012 Software Survey and Rankings
Tighter budgets and looming regulation are key factors impacting decisions around energy trading and risk management software systems this year, according to Energy Risk’s Software Survey. David Wigan and Stella Farrington analyse the results
Energy Risk Deals of the Year 2012: Credit Suisse's Urals swap with JKX
Credit Suisse in $50m Urals Med swap with JKX Oil & Gas
Energy Risk Deals of the Year 2012: BarCap's VPP deal with Chesapeake
Barclays Capital pioneers new volumetric payment deal with Chesapeake that allows more investors to take part
Icap Energy acquires European biofuels broker
Icap Energy announce acquisition of biofuels broker Sun Commodities
Analysing common processes used to model energy prices
Choosing the appropriate process for modelling energy prices is essential for best calculating value, risk and hedging metrics for energy derivatives and assets. In this first article of a six-part series, Carlos Blanco and Michael Pierce discuss some…
Profile: BNP Paribas’s José Cogolludo
Moving into commodities from corporate finance was perhaps an unusual move 17 years ago, but as BNP Paribas’s José Cogolludo tells Gillian Carr, it was a pivotal point in his career
How relevant is VAR for energy markets?
Despite its many limitations, value-at-risk (VAR) is still the most commonly used risk profile measuring tool in the energy industry. In this first article in a new series, Chris Strickland discusses why the energy industry’s love affair with VAR could…
Refiners seek innovative tools for risk management
Battered by tight margins and volatile oil markets, refiners are exploring a range of innovative tools to contain costs and improve risk management. Alexander Osipovich reports
Commodities correlation with equities, bonds - how long will it last?
Correlations between commodities and other asset classes have risen sharply over the past three years, but investors and academics are divided over the cause, and the outlook for diversification strategies going forward. David Wigan reports