Fuel
How Onyx came from nowhere to conquer oil swaps
In just four years, market-maker has become the largest provider of liquidity in energy derivatives
Broker of the year: Evolution Markets
The New York-based environmental broker has benefited from its expansion into traditional energy markets
Risk manager of the year (corporate): Qantas Airways
Smart risk management helped push Qantas back into the black in 2014
Enthusiasm for hedging wanes among US airlines
Airline fuel hedging was once a thriving business for bank commodity desks. But now major US carriers are showing less appetite for hedging, while non-bank dealers such as BP and Shell are also muscling in on the airline fuel hedging business. Alexander…
Fuel hedgers bemoan bank retrenchment from commodities
Delta Air Lines and World Fuel Services describe impact of Wall Street retreat from commodity markets at Energy Risk Summit USA
Sovereign hedging picks up as developing countries end fuel subsidies
A push to eliminate fuel subsidies across much of Africa, the Middle East and Asia is raising interest in the use of commodity hedging by governments as a way of containing social unrest. But it remains a challenge to get sovereign commodity hedging…
Energy Risk Europe: Austrian Airlines risk manager rails against hedging
Austrian Airlines risk manager argues fuel hedging delays firms' adaptation to higher costs and should be avoided
Africa leads the trend towards fuel subsidies removal
As more African countries remove fossil fuel subsides, an increase in downstream investment is expected. Jay Maroo lookes at whether other oil producers may now follow suit.
Q&A: Kwame Okyere-Mensuo, Ministry of Finance and Economic Planning, Ghana
Kwame Okyere-Mensuo, technical adviser at Ghana’s Ministry of Finance and Economic Planning, talks about the country’s pioneering import hedging programme, as well as the hedging of output from the Jubilee field
El Al enhances risk management and hedging operations
Israel’s national airline tightens up on the way it hedges jet fuel risk and currency movements
Malaysian Airlines cuts hedging programme
Malaysian Airlines (MAS) reduced its jet fuel hedging capacity amid uncertain price movements
Nuclear industry weighs short-term pain for long-term gains
With increased use of nuclear energy currently the EU’s most likely route to ensuing both security of supply and low carbon emissions, Alex Davis examines the impact such a policy could have for energy risk managers
Aviation bears brunt of fuel price gyrations and new rules
The price volatility seen in energy markets in recent years has had a big impact on the bottom line of many airlines, both in the form of higher prices as well as hedging losses. Pauline McCallion speaks to industry participants about the outlook for…
Commodity markets face hedging activity boost
With commodity market conditions seemingly ripe for consumer hedging, Lianna Brinded looks at whether there has been a recent uptick in consumer hedging activity
Energy sector awaits regulatory clarity
Energy companies are looking to the Commodity Futures Trading Commission (CFTC) for more clues about the future regulatory landscape after the US Congress set the stage last week for a wide-ranging overhaul of derivatives regulation
OTC reform could strengthen support for energy position limits
The debate over derivatives regulation could provide momentum for the Commodity Futures Trading Commission (CFTC) to impose position limits on energy trading proposed in January.
Obama launches new offshore drilling plan
In a joint announcement yesterday, US President Barack Obama and secretary of the interior Ken Salazar disclosed further details of efforts to strengthen energy security.
Hedge out on the highway
US haulage firms seem to be making little use of risk management tools to mitigate high fuel prices. But parcel carriers are taking the initiative, finds Kevin Foster