Risk management
Energy Risk Deals of the Year 2010
In this extended feature, Energy Risk highlights 10 key deals that have helped to shape and advance the market over the past 12 months.
Deals of the Year: Ventyx
Ventyx partners with Xcel Energy in SmartGridCity initiative.
Deals of the Year: Morgan Stanley
Morgan Stanley takes on troubled energy account.
Deals of the Year: Essent Trading
Essent Trading in bio-coal deal with Stramproy Green
Deals of the Year: European Bank for Reconstruction & Development
EBRD structures deal for Romania’s first lignite-fired power plant.
Deals of the Year: Deutsche Bank
Deutsche Bank advises for Premier Oil acquisition of ONSL
Deals of the Year: Credit Suisse
Credit Suisse structures a crack-spread hedge for Alon USA refinery.
Deals of the Year: Calyon & EDF Trading
Calyon and EDF Trading create trading partnership.
Deals of the Year: Barclays Capital
BarCap structures hedging facility for Chesapeake Energy
Deals of the Year: Bank of America Merrill Lynch
Bank of America Merrill Lynch's restructure of its credit facility with Reliant Energy enabled the smooth purchase of NRG by Reliant.
The risk of getting compliance wrong
A wave of investigations and prosecutions in recent years has driven many top energy players from the business. With regulators’ power set to increase, getting compliance right is now more important than ever. In the first of a two-part series, Michael…
Russian power futures to launch Q1 2010
Russian power exchange Arena is set to launch new power derivatives contracts by the end of Q1 2010. Rachel Morison reports on the expected implications for power risk hedging
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Price rise fails to eliminate Alcoa's losses
A 9% rise in aluminium prices in the final quarter of 2009 failed to boost Alcoa’s results yesterday, which showed narrowed, but continued, losses due to “significant energy and currency headwinds”.
Deutsche Bank: Threats to commodities on horizon
Deutsche Bank sees the commodities market threatened towards the end of the year, when authorities aim to remove monetary and fiscal stimulus, despite seeing a renewed set of inflows in the sector in 2010.
Commodity investor sentiment positive, BarCap survey reveals
Barclays Capital’s fifth annual commodities investor survey reveals positive sentiment towards commodity investing.
SGX steps ups offering to compete with SMX
The Singapore Exchange (SGX) will introduce a fresh range of commodity products in the first quarter of 2010.
Mexico hedges oil price at $57 in 2010
The government of Mexico has hedged much of its 2010 oil exports at $57 per barrel following the successful completion of its 2009 hedging programme, which generated gross revenues of $5 billion.
Interview: Bank of America Merrill Lynch
Since the Bank of America takeover in September of last year, the commodities business of Merrill Lynch has been forging ahead with plans it had in place before the interruption of the financial crisis. Rachel Morison talks to co-heads of global…
Standardised US coal contracts could boost liquidity
A drive to standardise OTC contracts in the US coal trading sector could boost liquidity in a market hit hard by recent unfavourable supply and demand fundamentals. Pauline McCallion reports
Lessons learnt in 2009
For risk managers, 2009 was about dealing with the aftermath of the financial crisis, revisiting models and putting greater emphasis on liquidity and cashflow risk. Katie Holliday talks to experts about the major lessons learnt this year
Cutting edge: Modelling the correlation function in the crude-oil futures market
Energy market participants often require the computation of coefficients of correlation in a multi-asset portfolio. Addressing crude oil futures contracts, Ehud Ronn proposes and implements a simple procedure to reduce the cross-maturity correlations in…
Profile: Brett Humphreys
In the last interview in the Profile series celebrating Energy Risk’s 15th anniversary, Brett Humphreys talks to Rachel Morison about how risk management has evolved