Risk management
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Marc Mourre
To celebrate its 15th anniversary, Energy Risk is talking with industry veterans who have been instrumental in shaping today's energy markets. This month Marc Mourre, managing director and vice-chairman of commodities at Morgan Stanley, talks with Stella…
Expropriation - A very real risk
Expropriation or forced government renegotiation is a big risk for oil companies that is likely to increase in times of lower oil prices. Randel Young and Richard Devine look at how to safeguard against the worst effects
Trading spreads
Ray Eyles, JP Morgan's CEO for European commodities, a 20-year market veteran, speaks to Roderick Bruce about the bank's continued expansion in commodity markets during challenging times for the banking sector
First biodiesel paper swap traded through ClearPort
The first ever over-the-counter (OTC) biodiesel paper swap has been brokered by US firm Starsupply Renewables, through CME Group's ClearPort system.
Shanghai steel futures begin trading
The Shanghai Futures Exchange launched trading in steel futures on March 26 to modest success, with a wide range of trading houses supporting the new contracts, traders and analysts said.
Commodities on Bclear from March 30
Exchange NYSE Liffe will offer clearing for a range of soft and agricultural commodity products on its over-the-counter (OTC) trade confirmation, administration and clearing platform Bclear on March 30. Bclear was launched in 2005 and currently offers…
FCStone disposes of loss-making energy account
FCStone Group, an integrated commodity risk management firm, expects losses of $110m from an unnamed customer's energy trading account, which it disposed of this week.
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
DB and Stemcor forge steel trading alliance
Deutsche Bank has formed a strategic alliance with the world's largest independent steel trader Stemcor to offer steel derivatives products.
Farming fundamentals
While the ailing global economy is pressuring industrial commodity prices, the agricultural grains markets have some very different fundamental drivers, some of which appear fairly supportive, finds Pauline McCallion
Weather and force majeure - Force majeure provisions for power contracts
Hurricane Ike left many wholesale power purchasers facing serious financial losses if they could not invoke the force majeure clause in their contracts. Stan Jensen and Jonathan Hoff of Bracewell & Giuliani discuss different elements of force majeure…
Renewables Portfolios - Exposed to the elements
Optimising a renewables portfolio is fraught with challenges. Stephen Maloney discusses them, and suggests some methods that allow for a more robust approach to portfolio optimisation
All Clear?
Despite a recent large increase in volumes, clearing for commodities remains a contentious issue, with little agreement on what the best business model should be, and insufficient standardisation, say market participants. Rachel Morison investigates
Agora-X launches OTC platform for energy and metals
Agora-X, an electronic trading platform, has launched a new platform for the negotiation, execution and clearing of over-the-counter (OTC) trades in energy and metal contracts.