Energy transition
Energy trading firms keen to improve ETRM reporting
Energy trading and risk management reporting, not always the most effective operation at energy trading firms, is undergoing an efficiency drive across the industry, finds Gillian Carr
Sponsored statement: APX-ENDEX
With more than 15 years of experience in energy trading in the UK, Derek Abernethy was appointed commercial director UK of APX-ENDEX in February this year. He discusses the developments of the UK power market and how APX-ENDEX is responding to these…
Volcker rule to pummel US energy industry: IHS
The so-called 'Volcker rule', if carried out the way regulators have proposed, will make it more difficult for the US energy industry to access risk management services, harming oil and gas producers, refiners and utilities, according to a study released…
Assessing cybersecurity of the US power grid
Threats to the cybersecurity of the US power grid are on the rise and the issue is now on the radars of chief risk officers at utilities, rather than just IT heads. Alexander Osipovich investigates how the industry is responding and assesses the odds of…
Turning points: First Utility’s Ian McCaig
First Utility’s Ian McCaig talks to Jay Maroo about the diverse career that led to his recent appointment as chief executive and his passion about changing energy buying habits in the UK
Renewable energy projects seek investment alternatives
Investment in renewable energy needs to double if EU targets are to be met. With governments and investment banks reining in lending, the market is looking at alternative sources to plug the gaps. Gillian Carr investigates this and the implications of…
New US EPA rules seek to dethrone old King Coal
Regulators are turning up the heat on US utilities with a pair of tough new air-quality rules likely to hasten the demise of older coal-fired plants. Alexander Osipovich examines the implications
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
Multi-factor forward curve models for energy risk management
In the second article of this series, Carlos Blanco and Michael Pierce introduce the most common multi-factor models of the forward curve used for energy derivatives pricing and risk measurement
Managing operational risk at commodity trading firms
Proactive management of operational risk is critical to ensuring an organisation responds effectively to ever-changing market conditions and regulatory environments. Julie Shochat and Kenzel Fallen outline how to align strategy, processes and…
Low US natural gas prices stir hedging talk
As the boom in North American shale gas production continues to feed an oversupplied market, US natural gas prices sank to 10-year lows last week. Gas consumers are taking a serious look at seizing the opportunity to lock in prices — but remain hesitant…
Energy Risk Deals of the Year 2012
In this special feature, Energy Risk highlights six deals that showcase the innovation currently present in energy financing, structuring and derivatives trading
Energy Risk's 2012 Software Survey and Rankings
Tighter budgets and looming regulation are key factors impacting decisions around energy trading and risk management software systems this year, according to Energy Risk’s Software Survey. David Wigan and Stella Farrington analyse the results
Energy Risk Deals of the Year 2012: SG CIB's Russian gas field financing
Société Générale Corporate & Investment Banking arrange €1.1bn financing for gas field in northern Russia
Energy Risk Deals of the Year 2012: Carlyle's Plainfield funding
The Carlyle Group rescue Plainfield renewable energy plant with $125m senior debt funding
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
Analysing common processes used to model energy prices
Choosing the appropriate process for modelling energy prices is essential for best calculating value, risk and hedging metrics for energy derivatives and assets. In this first article of a six-part series, Carlos Blanco and Michael Pierce discuss some…
How relevant is VAR for energy markets?
Despite its many limitations, value-at-risk (VAR) is still the most commonly used risk profile measuring tool in the energy industry. In this first article in a new series, Chris Strickland discusses why the energy industry’s love affair with VAR could…
Refiners seek innovative tools for risk management
Battered by tight margins and volatile oil markets, refiners are exploring a range of innovative tools to contain costs and improve risk management. Alexander Osipovich reports
UK power market risks losing more liquidity unless structural change introduced
The UK power market risks becoming even more of a closed shop unless initiatives to introduce structural change are successful, according to some market experts. Gillian Carr reports
Oil analysts' 2012 price forecasts up slightly on 2011 average
Geopolitical tension is propping up the oil market, even as a shaky global economy threatens to sap demand. Analysts offer Alexander Osipovich their views on oil prices in 2012
Seeking opportunities in coal trading
Coal prices are expected to have better support this year than last, but trading opportunities will lie in relative-value strategies, say market experts. Jay Maroo reports
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.