Clean fuels
Trading positions – June 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Deal of the Year – Highly Commended: Macquarie Energy
Macquarie Energy’s physical oil team have received highly commended status in Energy Risk’s 2012 Deal of the Year award for winning a substantial contract to work with Canada’s Harvest Operations selling crude to, and purchasing product from, its…
Middle distillates to strengthen on supply constraints?
Diesel and heating oil prices have risen on the back of crude oil gains this year, but they also have some unique supply and demand issues to consider, finds Jay Maroo
Energy Risk Deals of the Year 2012: BarCap's VPP deal with Chesapeake
Barclays Capital pioneers new volumetric payment deal with Chesapeake that allows more investors to take part
Energy Risk Deals of the Year 2012: BAML's LNG deal with Gate
Bank of America Merrill Lynch becomes first investment bank to facilitate full commissioning services in its deal with Dutch Gate LNG terminal
Fuel oil prices seen remaining high
Prices for fuel oil, historically one of the least profitable parts of the crude barrel, are close to all-time highs.
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…
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
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
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
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
New methodology to address 'dearth' of forestry offsets
Methodology should increase supply, developer says, providing end-users with high-quality carbon offsets
US intensifies efforts to develop clean coal, carbon capture
The US Department of Energy has announced further funding for clean coal technology R&D as part of plan to maintain a diversified energy portfolio
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
Q&A: Dr James Markowsky, US Department of Energy
Dr James Markowsky, assistant secretary for fossil energy at the US Department of Energy, speaks to Pauline McCallion about clean coal technology, managing the strategic petroleum reserve and creating a diverse US energy portfolio
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
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.
Volcanic ash clogs up Europe jet fuel market
European jet fuel traders are hoping for heavy rain to clear the skies of volcanic ash, after a loss of demand for a day and a half looks set to impact on prices and logistics.
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.