Alternative fuels
Cutting edge: Valuation of spread commodity structures
In this paper, Dan Mahoney and Krzysztof Wolyniec show that in co-integrated (mean-reverting) futures markets, active dynamic hedging is required to realise the quadratic variation of the underlying spread process. Using static hedges/portfolios yields…
Jet fuel demand seen picking up
Recent years have not been kind to aviation, but with a recovery in demand taking place in 2010 and bullish projections for this year and the next, the future for jet fuel demand appears to be looking brighter. By Samuel Fenwick
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
Biofuels swaps
Interest in biofuels swaps has grown rapidly over the last two years, but further regulatory clarity is needed if the market is to mature, say participants. Gillian Carr looks at the outlook for the global biofuels swaps market
Sponsored Q&A: APX-ENDEX
APX-ENDEX is on the verge of launching the world’s first wood pellets exchange later this year. The company’s product manager, Sipke Veer, explains what motivated the development of the exchange and the benefits it will bring
The outlook for Argentina's gas supply
Will Argentina follow North America into the ‘shale gale’, or will its natural gas market structure prevent increased domestic production, furthering reliance on LNG imports?
Commodity trading data leak relights speculation debate
Leaked US CFTC data on commodity market positions in the run-up to 2008’s record oil price spike has fanned the flames of the long-running speculation debate. Pauline McCallion reports
The outlook for an LNG derivatives market
The first financially settled LNG swap was traded earlier this year. Could an active LNG swaps market now follow? Rebecca Hampson investigates
Q&A: Marina Surzhenko, head of LNG export directorate at Gazprom Export
In this exclusive interview with Energy Risk, Gazprom sets out its views on the future of the gas markets in Asia and Europe, the rise of LNG and its recent deals with China. Alex Davis talks with Gazprom Export’s Marina Surzhenko and to the Gazprom…
Q&A: Kaha Kiknavelidze, managing partner at hedge fund Rioni Capital
With the oil & gas industry going through major changes from pricing to regulation, Lianna Brinded talks to Kaha Kiknavelidze of Rioni Capital about oil & gas opportunities
Testing times for biofuels
Are biofuels still considered a viable and ecofriendly alternative to oil or has media criticism blighted their once bright future? Katie Holliday talks to industry experts about the future for both first- and second-generation biofuels
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
Obama: 80% US power from clean sources by 2035
US President promises push for clean energy at expense of oil and singular focus on renewables
Mexico’s Pemex looks to shale gas development
Mexico’s main energy company Pemex says it is looking to replicate the US’s success in shale gas by entering the lucrative industry in its own country
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…
BP’s Gulf of Mexico oil spill will not push fuel switching
Experts quash fears that tighter restrictions following BP’s Gulf of Mexico oil spill will result in oil to gas fuel switching in the US, thus pushing up gas prices
Energy firms' hedging programmes give mixed results
Hedging programmes for oil & gas companies show widely differing outcomes according to the latest flurry of company results
BP oil spill to boost alternative energy - fund manager
The fallout from BP's Gulf of Mexico oil spill will act as a boost for the alternative energy sector, says exchange-traded fund manager ETF Securities.
Turning points: Citigroup’s Richard Bowler
Richard Bowler, head of shipping and freight at Citigroup, talks to Katie Holliday about the highs and lows of working with freight derivatives and his recent move into the LNG market
China homes in on shale gas
China hopes to replicate the United States’ success in exploring and producing shale gas as the country looks to tap into new energy resources
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