Risk management
Staging a transformation
Energy risk management has transformed since the early 1990s. Pauline McCallion speaks to risk managers about the challenges they faced in the early days and how they compare with the issues faced today
Michael Cosgrove
Our 15th anniversary profile series of key energy industry figures continues as Pauline McCallion talks with with Michael Cosgrove, head of commodities and energy brokerage, North America at GFI
Get-out clause
The economic downturn and fall in commodities prices have left many companies holding contracts that are now unfavourable. Julianne Hughes-Jennett and Alexander Anslow of Lovells discuss when force majeure and other clauses can be used to cancel or…
Model students
Mauro Cesa, Energy Risk's technical editor, talks to quants about how quantitative analysis for energy markets has developed and what they see as the most influential technical publications of the past 15 years
15-year Rankings
Energy Risk reveals the top-ranked companies over 15 years of Commodity Rankings
Glitz and glamour
Energy Risk's prestigious awards took place last month in London
Learning from losses
Energy and commodity markets have staged impressive growth in the past 15 years, but there have also been some eye-watering failures along the way. Katie Holliday considers what has been learnt from these catastrophes, and whether derivatives scandals…
Baltic Dry Index altered to boost derivatives trading
Changes will be made to how the Baltic Dry Index (BDI) is calculated in an effort to boost derivatives trading, the Baltic Exchange announced today.
CME launches SO2 futures and options contracts
The CME Group will offer new sulfur dioxide (SO2) emission 25-allowance futures and options contracts from July 12, for a trade date of July 13.
CCFE to list steel scrap contracts
The Chicago Climate Futures Exchange (CCFE) and pricing information company World Steel Dynamics (WSD) have launched the World Steel Exchange (WSE), a new exchange platform listing index-based cash-settled futures contracts for steel scrap.
Price fluctuations biggest risk for power companies says Aon
Volatile commodity pricing is the biggest risk facing power companies in 2009 according to risk management firm Aon's Global Risk Management Survey.
Trayport to link to Nymex and Comex
Trayport has announced a deal to link its Trading Gateway system to the CME's Globex platform and ClearPort clearing system, providing users with access to Nymex and Comex energy and metals products.
GFI EnergyMatch adds dry freight FFAs
Interdealer broker GFI Group has introduced cleared over-the-counter (OTC) dry freight Forward Freight Agreements (FFAs) on to its European trading platform EnergyMatch Europe.
LCH.Clearnet to clear for HKMEx
Hong Kong Mercantile Exchange (HKMEx) has recruited clearing house LCH.Clearnet to provide a clearing service for its participants, subject to regulatory approval.
OTC Global Holdings pushes into agricultural products
Interdealer broker OTC Global Holdings (OTCGH) has announced the acquisition of two Chicago-based firms, Futures International and T&J Shuff Enterprises, specialising in agricultural futures and options contracts in corn, wheat, soybeans, soybean meal…
Companies increase commodities hedging
Companies around the world are now hedging 55% of their commodity exposure as a result of increased volatility and the global financial crisis, according to a survey by Connecticut-based research consultancy Greenwich Associates.