United States (US)
Ercot reforms ace winter but Iran conflict and summer pose bigger test
Ercot’s RTC+B reform passes Storm Fern test – now market participants brace for extended Middle East conflict and high-load summer months
Traders prepare for EU energy rules despite political risk
Exporter pressure on LNG supplies is threatening Europe’s regulatory push, leaving markets uncertain
LNG trading strategies set to change amid major market shifts
The global LNG market is on the brink of significant changes set to alter trading dynamics and market behaviour, say analysts
Former regulator urges new approach to AI explainability
Ex-OCC chief Michael Hsu suggests shift from academic analysis to decision-based techniques
Wells Fargo’s commodity book hits record size after 36% surge
Notional growth far outpaces Wall Street heavyweights
Ruled out: can regulators settle the pre-hedging debate?
Market participants are at odds over the practice and whether regulation or principles can settle the score
Supply chain decoupling fires up alpha focus at BofA
Talking Heads: Stock dispersion sees funds gross up on long/short baskets, while US structured notes come of age
LME had four-hour operational failure in Q4
First outage on record caused by connectivity issue at LMEmercury
Energy Risk Commodity Rankings 2023: adapting to new market dynamics
Winners of the 2023 Commodity Rankings provided reliability when clients faced extreme change
Banks shock commodities by 1,000% in stress-test rethink
Energy price spikes force clearing firms to consider extreme or even ‘implausible’ scenarios
Commodities threaten pain for initial margins
Market volatility and spot-based Simm approach may drive large margin spikes in little-tested asset class
Clearing industry braces for volatility ‘super-cycle’
Green transition may fuel higher cash demands and more risk events, FCMs warn
Calls to hike climate policy raise risk for oil firms
A ramp-up in policy could place more oil and gas assets under threat of stranding
When climate risk starts to bite
Energy firms under increased pressure to assess physical climate risk
Energy Risk Awards 2019: The winners
BP and Engie pick up two awards each, while BNP Paribas takes the coveted derivatives house of the year
Burden of implementing US sanctions now firmly on energy firms
Energy firms must now proactively screen the operations of every vessel they deal with to avoid violating sanctions on Iran, writes maritime data expert
US-China trade war becomes focus again for commodities
As the end of the 90-day truce in US-China trade hostilities looms, commodity markets brace for uncertainty
Birchall to head LCH Asia, and more
Birchall to head LCH Asia, Govender leaves Eskom, and more
Hedging figures show doubt over US crude export plans
The recent oil price rally is widely expected to subside later in 2019 as improved infrastructure allows US exports to relieve the pressure in tightened global markets, but hedging data reveals that producers are sceptical
Lessons from two commodity defaults
Regulators and exchanges need to learn from the Greenhat/PJM default in the US as well as the Norwegian Nasdaq blowout