Risk management
Turning Points: Icap Energy’s co-president Todd Creek
Early M&A and recruitment experience has served Icap Energy’s Todd Creek well. He speaks to Pauline McCallion about international expansion and hunting for talent in today’s energy sector
Brazil energy appeals to investors but many hurdles remain
Brazil’s expected rise as a major global energy supplier has been one of the biggest stories of the past decade. Although one of the most politically stable emerging market economies, doing business there is still fraught with difficulties. Alex Davis…
Biofuels swaps
Interest in biofuels swaps has grown rapidly over the last two years, but further regulatory clarity is needed if the market is to mature, say participants. Gillian Carr looks at the outlook for the global biofuels swaps market
Q&A: Shell Energy North America's president, Frans Everts
After being appointed president of Shell Energy North America last June, Frans Everts is now getting to grips with both new markets and new regulations. He talks to Pauline McCallion about the Dodd-Frank Act and his outlook for natural gas and carbon…
CME names Gary Morsches as energy managing director
CME Group has appointed Gary Morsches as managing director of its global energy business
The rise of sovereign commodity risk management
The unprecedented commodity price volatility of the past four years has led to a surge of interest from governments in risk management strategies. Investment banks are in talks with sovereigns worldwide on setting up financial hedges, and say uptake is…
Trading positions - October 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Speculation not a major cause of commodity market volatility: FOA
Futures and Options Association report refutes negative impact of speculators on commodities markets
Hellman & Friedman to buy OpenLink
New-York-based commodity software firm OpenLink has announced its owners The Carlyle Group will sell it to a US private equity firm
Cutting edge: solutions for three-asset spread options
Three-asset spread options are becoming increasingly important in energy and commodity markets. Elisa Alòs, Alexander Eydeland and Peter Laurence present two fast asymptotic, analytic pricing formulas. The first is based on a new stochastic calculus…
Turning Points: Craig Breslau, SG CIB's managing director, commodities trading
SG CIB’s Houston-based managing director, commodities trading, Craig Breslau, speaks about his journey through the energy and commodities sector
Who should pay for wind power risk?
Wind power is being relied on by governments around the world to deliver on their promises of low-carbon power. But who is left holding the financial risks inherent to this resource? And what are the prospects for a mature wind derivatives market…
Q&A: Gerardo Rodriguez, Mexico's Ministry of Finance and Public Credit
Gerardo Rodriguez, deputy finance minister at Mexico’s Ministry of Finance and Public Credit, speaks about the government’s oil price hedging strategy
Trading positions - September 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Major disagreement over commodity trade repositories
Ice and CME’s plans to launch commodity derivatives repositories to run alongside the DTCC/EFETnet’s offering are polarising opinion within the industry, as Ned Molloy reports
Commodity trading data leak relights speculation debate
Leaked US CFTC data on commodity market positions in the run-up to 2008’s record oil price spike has fanned the flames of the long-running speculation debate. Pauline McCallion reports
Mexico’s hedging programme gears up for 2012
This week Mexico’s Congress will begin to debate the price at which the country hedges its oil exports next year
Credit Suisse: first cleared coking coal swap
Credit Suisse has announced the completion of the first cleared coking coal swap transaction, based on a new over-the-counter cleared contract on the CME
Cat product to transfer oil spill risk to capital markets
Catastrophe product looks to capitalise on perceived investor appetite for oil spill risk
US energy security risk is rising, index warns
The risks facing US energy security are increasing, according to an index published by the US Chamber of Commerce
Managing oil and gas delivery risk
For producers and suppliers of oil and gas, the standard industry practice of waiting up to two months for payment represents significant credit risk. Brian Shydlo offers some solutions for measuring and mitigating this delivery risk
The evolving credit function
The role of the credit function at energy companies is likely to change enormously in the coming months. Are companies ready and how will the changes impact the risk management function? Anna Reitman and Pauline McCallion report
Profile: Cadwalader's Gregory Mocek
Former US CFTC director of enforcement, Gregory Mocek, speaks to Pauline McCallion about the new regulatory environment and his lifelong interest in commodities