Energy transition
EU ETS set-aside takes another step forward
The European Parliament's Committee on Industry, Research and Energy has voted for the use of a set-aside under the European Union Emissions Trading Scheme
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…
Doubts raised over US Department of Energy CRO proposal
An independent consultant hired by the White House to assess the US Department of Energy’s loan programmes in the wake of the Solyndra bankruptcy has advised the agency to hire a corporate-style chief risk officer and beef up its risk-management…
Refiners step up hedging activity
Refineries in Europe have stepped up their hedging activity in recent months as they take advantage of a recovery in margins, market participants say
Risk & Energy Risk – 2012 Commodity Rankings – energy
After a rollercoaster year in the markets, Morgan Stanley seized the top spot in the 2012 Risk and Energy Risk Commodity Rankings, while its traditional rival, Goldman Sachs, slipped to number two. Alexander Osipovich reports. With additional reporting…
Energy trading system provider Brady acquires Navita, Syseca
Technology provider Brady will be expanding its presence in energy trading and risk management technology through the purchase of Navita Systems and Syseca
Q&A – Ice Futures Europe’s David Peniket and Mike Davis
In the second part of Energy Risk’s series on the future for the exchange-traded energy markets, Ice Futures Europe’s David Peniket and Mike Davis talk to Pauline McCallion about the likely direction of the market in 2012 and beyond
European power market coupling marches on
Market coupling projects continue to spread across Europe, bringing the market closer to achieving a single power price – but challenges still lie ahead. In the first article in a series focusing on European power markets, Gillian Carr looks at the next…
Credit rating agencies: what are the alternatives for energy markets?
Repeated stumbles by the credit rating agencies have led risk managers to explore new ways of assessing counterparties. Alexander Osipovich examines the alternatives
Is European shale a game-changer for the gas markets?
While shale gas has been a game-changer in the US markets, its impact has been more muted in Europe, with environmental concerns preventing fracking in several countries. Jay Maroo looks at the future of shale gas in Europe and asks how big an impact…
Energy markets face huge change under Mifid II
Many exemptions that commodity firms took for granted under the old Mifid framework will no longer exist when Mifid II and Mifir come in to force. Ellen Davis reports
Managing geopolitical risk in energy markets
The increasing influence of geopolitical risk on energy markets is forcing risk managers to reassess their risk management strategies around such event-type risk, finds Gillian Carr
Turning points - Nord Pool Spot's Mikael Lundin
Nord Pool Spot’s chief executive, Mikael Lundin, talks to Gillian Carr about his wanderlust, the quest for greater power market integration in Europe and why everything is about people
Africa leads the trend towards fuel subsidies removal
As more African countries remove fossil fuel subsides, an increase in downstream investment is expected. Jay Maroo lookes at whether other oil producers may now follow suit.
US natural gas price rally set to be short-lived: analysts
Planned production cuts by US natural gas firms will not be enough to keep natural gas prices supported this year, and analysts say that record storage levels and mild weather could push New York Mercantile Exchange Henry Hub prices below $2 per million…
Obama announces intent for Sieminski to head US EIA
US President Barack Obama has announced his plan to nominate Deutsche Bank's Adam Sieminski as head of the Energy Information Administration
Analysts upbeat on outlook for Saudi Aramco’s new trading unit
Saudi Aramco’s new trading unit, Aramco Trading, could become a serious competitor in the refined product space and boost volumes at the Dubai Mercantile Exchange, say analysts
Remit reporting requirements remain unclear
Remit continues to pose problems, as energy firms look for clarity on how to meet the requirements
Energy Risk presents the Future of Carbon Trading Round Table
With carbon prices plunging both the Europe and the US as the fragile global economy takes place Energy Risk is speaking to key players within the industry regarding the future of the carbon markets and what developments are foreseen in the future
Keystone XL pipeline decision leaves Canada looking eastward
The US rejection of TransCanada’s proposed Keystone XL pipeline will hinder the development of the Alberta oil sands, while making the option of exporting crude to Asia more attractive for Canada, analysts say
Surveying the future of Europe's natural gas markets
Demand for gas in Europe is set to increase in the coming years benefiting today’s most liquid hubs, say respondents to a survey carried out by Energy Risk and Baringa Partners. By Stella Farrington with comment from Nick Tallantyre
Commodity indexes rebalance in favour of Brent but WTI seen outperforming in 2012
Brent crude's representation in commodity indexes is set to increase as a result of the annual rebalancing of contracts that takes place during this week