Energy
Wells Fargo hires senior gas trader from Mercuria
Other hires at Cargill, Millennium Management and Xcel Energy
IT heads of energy trading firms wrestle with budget cuts
Migration to cloud-based solutions considered as budgets fall 20–25% in 2016
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…
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
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
Few commodity traders saw improved liquidity in 2015 – poll
Three-quarters of traders surveyed say liquidity in OTC commmodity derivatives held steady or declined last year, while 25% saw gains
Note to Brussels: energy firms are not banks
The Mifid II push to impose capital requirements on commodities firms rests on faulty logic
Winds of change will continue to roar for energy markets
Ten years ago, economists were sanguine amid the ‘great moderation' and the energy industry was fretting about peaking worldwide oil supplies. There is no predicting the future, writes energy market veteran Vincent Kaminski, but it is sure to be a leap…
Internal transfer price optimisation for integrated energy firms
By selecting appropriate levels for the internal transfer prices of commodities and risk, an energy company can influence the alignment of its overall risk-return profile with its strategic objectives. Here, Henrik Specht, Sergey Zykov, Tilman Huhne and…
US propane retailer hedges to offer customers stable prices
Keeping Michigan residents warm for a reasonable price is the central mission of Grand Rapids-based propane and fuels retailer Crystal Flash. But it couldn't be done without hedging and prudent risk management
Market participants worry for European energy liquidity
Banks, energy firms and regulators expressed concern about the impact of regulation on EU energy market liquidity at Energy Risk Summit Europe on June 24 and 25
Highlights from Energy Risk Summit Europe 2015
Exclusive coverage of the annual congress for energy traders and risk managers, held on June 24-25 in London
Energy Risk Asia Awards open for submissions
The Energy Risk Asia Awards recognise excellence across the Asian energy and commodity markets
Energy Risk awards 2015: The winners
Citi, Qantas Airways and Mexico's Ministry of Finance and Public Credit are among the organisations honoured in the 2015 Energy Risk awards
Exchange of the year: APX
Exchange has responded well to the evolving European power market and changes in the products demanded by its members
Energy finance house of the year: SG CIB
The French bank has executed innovative deals involving a broad range of commodities, countries and projects
New CEO Mausbeck oversees shake-up at Danske Commodities
Dirk Mausbeck, the new chief executive of Danske Commodities, is striving to bring the Denmark-based trading house back into top form after a turbulent year
Energy scarcity warrants tough response to market abuse
Market manipulation is a problem that is controversial and tricky to define, but it must be taken seriously. That is particularly true in energy markets, where the optimal allocation of resources is more important than ever, argues industry veteran…
BNP Paribas's Flax calm about impact of regulation
Regulation is making life more difficult for bank commodity desks, but Catherine Flax, BNP Paribas's head of commodity derivatives for the Americas, is keeping a cool head
CFTC sent special calls by mistake, Giancarlo says
Hundreds of special call letters were sent to end-users of over-the-counter derivatives in error, CFTC commissioner Chris Giancarlo says
Energy Risk Awards 2015 now open for entries
Awards recognise excellence across global commodities market
Citi buys Credit Suisse commodity trading books
Citi has entered into a transaction to take on most of Credit Suisse's energy and metals positions, following the Swiss bank's exit from commodities and similar deals with Deutsche Bank earlier this year