Energy transition
Ex-Citi oil options head enjoys the hedge fund life
GZC’s Elbhar rode oil spread trade to 40% annual return in 2015
US banks face questions over bad oil loans
Resilience of hard-hit regional lenders scrutinised as losses mount
Moving to the cloud: The next frontier for E/CTRM systems?
As energy and commodity firms cut their IT budgets, a growing number of companies are exploring hosted solutions as a way to cut costs and make their IT infrastructure more nimble
Wells Fargo hires senior gas trader from Mercuria
Other hires at Cargill, Millennium Management and Xcel Energy
CFTC automated trading proposal worries energy firms
US power and gas companies surprised to learn they may need to register as algorithmic traders
Banks push e-trading of OTC energy derivatives
Goldman Sachs, JP Morgan and Societe Generale lead race to add oil and gas to single-dealer platforms
Climate change is the fattest tail risk of them all
Casting doubt on science is an unwise risk management strategy, Vincent Kaminski argues
Citadel builds physical gas trading business
Hedge fund’s foray into gas follows bank retreat from physical commodities
EU energy firms ‘working in the dark’ on Remit reporting
Uncertainty lingers even as firms begin reporting bilateral power and gas trades
IT heads of energy trading firms wrestle with budget cuts
Migration to cloud-based solutions considered as budgets fall 20–25% in 2016
Energy Risk Software Rankings 2016
OpenLink voted best overall ETRM platform in annual survey of favourite vendors, implementation specialists, data providers and data managers
Falling budgets are top IT worry for energy firms
Tech spending by energy trading companies is set to plummet in 2016, survey finds
Phibro CEO eyes opportunities in banks’ retreat from energy
Former Morgan Stanley commodities chief Simon Greeenshields revives famed trading firm
How to get maximum value from power plant hedging
It is common practice to delta hedge, ie re-hedge over time, a fuel-fired power plant’s production. Operators switch hedges from yearly to quarterly and monthly forwards as they become more liquid. Marco Miarelli and Margherita Grasso extend the existing…
Seeking a systemic role
By overhauling old practices and creating a dynamic new culture, Banca IMI hopes to place itself at the centre of the energy trading system. Stefano Rivellini, global head of commodity sales, explains how, by investing heavily in the physical energy…
An encouraging shift in Asian LNG
Changes brewing in Asia are a reminder that trading can be a social good
Technology and regulation
Energy Risk, in association with OpenLink, presents a summary of a technology and regulation breakfast briefing held recently in London. The invitation-only event convened heads of regulation and compliance, chief technology officers, consultants and…
EC seeks redo of controversial Mifid II commodity provisions
European Commission demands revisions to draft Mifid II rules on ancillary exemption and position limits that had proved contentious for EU energy firms
Spot market for Asian LNG gaining momentum, traders say
Changing market fundamentals are expected to transform the way LNG is traded in Asia in the next several years, fuelling the emergence of a regional spot index and derivatives market
EU position limits pose headaches for national regulators
Proposed Mifid II limits on thousands of commodity contracts worry some officials
The shale revolution devours its children
After a few years of irrational exuberance, US oil drillers are feeling the pain
SGX hopes to shake up LNG market with new index
Asian LNG traders voice cautious optimism about ‘Singapore Sling’ spot-market index and derivatives contracts
Quant Ideas: How VAR can add value to energy market analysis
Using traditional financial tools such as value-at-risk can improve market risk analysis in the energy sector
Commodity hedge funds hope for rebound after 2015 rout
As ranks of commodity funds thin, survivors say investor interest is starting to pick up