Market risk
Asia exchange of the year: DME
Thanks to a series of innovative initiatives, the Dubai Mercantile Exchange continues to draw market participants to its flagship Oman crude oil futures contract
Asia metals dealer of the year: ANZ
ANZ has shown its commitment to Asia’s metals markets despite recent turbulence
Asia energy dealer of the year: Citi
During the past 18 months, Citi has assisted Asian firms coping with the precipitous drop in crude oil prices, while continuing to build its impressive capabilities in LNG
Asia oil dealer of the year: BNP Paribas
BNP Paribas has helped Asian producers and consumers to cope with the dramatic moves in oil markets in the past 18 months
Asia end-user of the year: Bharat Petroleum
The Indian national oil company has risen to the challenge of dealing with market and regulatory risk in the past 18 months
EU energy firms brace for Remit reporting woes
Market participants expect ‘teething problems’ as Remit trade reporting begins on October 7, while regulators offer sympathy and suggest they will go easy to enforcement
Top US energy regulator defends market manipulation probes
Ferc chairman Norman Bay says the agency has provided ‘a lot of clarity’ of the definition of market manipulation, rejecting complaints from industry that the rules are unclear
End-user hedging: FMC’s natural gas hedges show benefits of OTC trading
Using a case study of Philadelphia-based FMC Corporation’s natural gas hedges, Ivilina Popova of Texas State University and Betty Simkins of Oklahoma State University show that over-the-counter derivatives are more efficient and effective compared with…
Javelin Global Commodities builds coal trading desk
Other commodities moves at CF Partners, CME, DTCC and Vectra
Energy firms blast new Mifid II rules on commodities
Energy firms will abandon commodity derivatives markets if the EU fails to broaden ancillary business exemption, industry groups warn
Chinese clampdown on HFT may hinder new oil contract
Tighter rules on high-frequency trading being considered after China’s stock market meltdown may have the unintended effect of undermining new Shanghai crude oil contract
Vendors slam ‘uncooperative’ energy exchanges over Remit
Exchanges maintain tight grip on data amid new EU reporting regime for power and gas markets, disappointing some market participants
Index investing paper shows gap between theory and reality
The theories of commodity index investment gurus Gary Gorton and K Geert Rouwenhorst have little in common with the experience of real-world investors
Probes of EU energy market abuse set to jump with Remit
The October 7 launch of Remit trade reporting is expected to spark a flurry of new investigations into suspected abuse of EU power and gas markets
Commodity end-users fret over shrinking number of FCMs
Futures brokers attack costly new rules at a CFTC meeting on September 22
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…
Liquidity biggest worry for RWE Supply & Trading CRO
The varied career of Uwe Schulz, CRO of RWE Supply & Trading, has led him to appreciate the dangers of liquidity risk – something that is particularly relevant in today’s energy market environment
Singapore power and LNG ambitions face challenges
Singapore is seeking to supplement its position as Asia's oil trading powerhouse by promoting itself as a regional hub for power and liquefied natural gas. While these ambitions have met with modest success, they also face major challenges
The challenge of optimising physical energy assets
How energy trading organisations can improve the way they optimise their assets
E&P firms reluctant to hedge in wake of oil collapse
Having undergone a severe decline since late 2014, the price of crude oil has fallen still further in the past few months. That has made US shale producers reluctant to hedge for fear of locking in rock-bottom prices
EU TSOs need carrot to tackle congestion – EEX's Reitz
Electrical grid operators' lack of investment and the rise of capacity mechanisms are impeding cross-border trading, said panellists at a discussion in London
Commodity index advocates stick to their guns
Ten years after publishing an influential paper that fuelled the commodity investment boom, Yale professors Gary Gorton and K Geert Rouwenhorst have revisited their study and found their arguments still "largely hold up". But critics are quick to disagree
Maximising refinery profits using portfolio optimisation
Petroleum refining is a complicated, multi-dimensional task that involves many tricky operating decisions. In this article, Carlos Blanco and Christopher Mammarelli explain how a portfolio-based optimisation framework can maximise the profitability of a…