North America
Former regulator urges new approach to AI explainability
Ex-OCC chief Michael Hsu suggests shift from academic analysis to decision-based techniques
Energy Risk Software Rankings 2024: IT demands increase amid rising risk
Heightened geopolitical and credit risk increase requirements on commodities software
LME had four-hour operational failure in Q4
First outage on record caused by connectivity issue at LMEmercury
Banks shock commodities by 1,000% in stress-test rethink
Energy price spikes force clearing firms to consider extreme or even ‘implausible’ scenarios
Clearing industry braces for volatility ‘super-cycle’
Green transition may fuel higher cash demands and more risk events, FCMs warn
Finding potential in a volatile commodities market
Macquarie is uniquely positioned to offer clients a range of products, expertise and experience across the commodities space. Nick O’Kane discusses the bank’s approach to commodity markets and what he expects next
People: Shell’s Quartermain replaces Muller
Other moves at Morgan Stanley, Gunvor, Macquarie and others
E&P firms reluctant to hedge in wake of oil collapse
Having undergone a severe decline since late 2014, the price of crude oil has fallen still further in the past few months. That has made US shale producers reluctant to hedge for fear of locking in rock-bottom prices
Natural gas house of the year: BNP Paribas
BNP Paribas saw an opportunity in natural gas amid the US shale boom and the withdrawal of other banks
Oil prices collapse: assessing the ‘known unknowns’
Predicting the future for oil prices is a losing game due to the complexity of the market. But some pieces of critical information are often widely missed, argues Vincent Kaminski, including several potential risks to firms associated with North American…
E&P firms restructure hedges amid oil price plunge
Oil exploration and production companies in North America are looking to restructure hedge positions that have become extremely valuable since the dramatic decline in crude oil prices during the second half of 2014
There is plenty of life left in US natural gas
Sluggish prices and low volatility have provided US natural gas traders with few opportunities for trading profits in recent years. But as the past winter shows, it’s too early for them to switch off their computers and retire to the golf course, writes…
Carbon tax here to stay: Alberta energy minister
Alberta, Canada, home to the world’s third largest oil reserves, will await further federal government moves before upping its own emissions limits or developing a carbon cap-and-trade scheme
Experts question North American LNG exports
Price differentials make LNG exports viable but price future risk could hamper projects; credit-worthy partner is key
US: New shale gas options bring market changes and challenges
The shale production boom has changed the dynamics of the North American natural gas infrastructure grid. Pauline McCallion looks at the potential implications for hedging strategies
Gazprom’s Medvedev compares shale to dotcom bubble
"Massive" shale production unsustainable at current prices; Gazprom has no plans to invest
Macquarie moves into Canadian crude
Macquarie Group expands into Canadian crude market; hires ex-Trafigura Canada president to lead new business
Societe Generale to acquire RBS Sempra gas and power assets
Société Générale agrees to buy North American power and natural gas assets from RBS Sempra Commodities
Shale boom to continue out to 2020
New technology means the cost of shale gas production is more favourable than natural gas
Experts examine US power clearing and netting needs
As the US Congress moves to boost derivatives clearing requirements, an industry panel has called for regulators to investigate a move towards clearing and netting across US power markets and to clarify the legal uncertainty in the area
JP Morgan LNG launch shows growing interest in market
JP Morgan’s move into liquefied natural gas (LNG) last week is indicative of growing interest and expectations for the future of the sector.