Risk management
Valid Assumptions Required: examining forward curve assumptions
Brett Humphreys and Eric Raleigh review assumptions about the forward curve and the difference between relative and absolute dates.
Steve Leppard
BP's Steve Leppard combines quant skills with sound business sense to create effective risk management solutions. He speaks to Oliver Holtaway about his career
A model of time-varying volatilities in futures contracts
Despite the utility of forward price models in the risk management framework, models of spot prices are used more prevalently. Ted Kury presents a tractable model with time-varying volatility, that allows for temporal changes
Freight derivatives market
Energy Risk looks at the latest developments in this expanding market
Clearing the way for competition
Until recently, NOS was the only player offering clearing for freight derivatives. But with the arrival of new players, competition is set to intensify. Oliver Holtaway reports
Optimal results
Effective portfolio management has become crucial for energy companies, but creating the optimal portfolio is fraught with challenges, writes Colin Cooper
Stepping up a stage
Optimism over the freight derivatives market, which waned a little at the end of last year, is on the rise again, as volumes increase and new players enter. There are still hurdles to overcome though
Industry gets energised
Attracting some 300 delegates, this year's Energy Risk USA conference was by far the biggest and most successful it's been since the fall of Enron, writes Stella Farrington
EnergyRisk Awards 2006
The Energy Risk Awards 2006: we honour the talent, innovation and enthusiasm that sit at the heart of the energy risk management industry.
Pricing illiquidity in energy markets
Illiquidity is sadly a typical feature of many energy derivative markets. In this paper Stefano Fiorenzani proposes the application of a methodology, originally developed for equity markets, to overcome this problem
Editor's letter
It's that time of year again - the Energy Risk awards! As well as honouring the deserving winners, our awards write-ups offer a selection of case studies which chart the latest developments, innovative thinking and strategies in this dynamic sector.
Integrating energy data
Knowledge is power, and having the latest information on the marketplace is of paramount importance. Eric Fishhaut looks at why centralising information can have a big impact on tactical management and developing strategies
Convergence in Atlantic Basin coal
Atlantic Basin OTC coal trading is the envy of US and Asian markets, but until recently it was missing the key component of OTC contracts. But trading in globalCOAL's Atlantic products has taken off dramatically since the end of 2005, writes Stephen Doyle
Joined-up risk assessment
The nature of risk is changing. Energy companies, well-skilled in managing market risk and operational risks, may now need to adopt a new stance towards risk management, write Rohit Bhapkar, Roland Rechtsteiner and John Stroughair
Valid Assumptions Required: confidence level and holding period
In the second article of his series, Brett Humphreys examines the assumptions associated with selecting a confidence level and a holding period for a VaR calculation
GlobalCoal launches ARA FOB Barge Index, swap product
GlobalCoal has introduced the ARA FOB Barge Index based on their ARA barge contract.