Market risk
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…
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
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
Energy and Commodities OTC Clearing and Execution under Dodd-Frank Regulation roundtable
Challenges continuously arise regarding energy and commodities OTC clearing, and changes in regulations. This roundtable offers the knowledge, experience and opinions of our elite speakers on some of the key issues the industry currently faces including:
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
Asian energy corporates remain bullish in 2012: survey
Despite an uncertain global backdrop, energy companies in Asia retain a positive outlook for 2012, finds a survey commissioned by Standard Chartered Bank
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
Algorithmic trading in energy markets
Algorithmic traders are now a significant presence in energy markets. Alexander Osipovich explores how they’re changing the game for human traders
High-frequency trading spreads across energy markets
High-frequency trading (HFT) is playing an ever-larger role in energy markets, but is it really suited to the nuanced deal sheets of commodities? Stephen Maloney considers this and asks whether HFT is in fact quietly tilting the table to favour those…
Interview: CME Group
In the first of a two-part series with senior executives at the CME and Ice, Pauline McCallion talks to Gary Morsches, managing director, energy, products and services at CME Group, about the future for exchange-traded energy
Healthy volumes for capesize FFAs seen continuing in 2012
Strong iron ore demand is expected to keep capesize prices afloat this year, although some choppiness is forecast. Jay Maroo reports on what that means for the forward freight agreement market in 2012
Power plant hedging strategies
A comparison of common delta-hedging strategies and calculations finds that simple formulas used to calculate delta hedges can lead to severe biases. Cyriel de Jong, Hans van Dijken and Alexandra Bundalova suggest a relatively fast, but more accurate…
Marginal oil gaining market share, setting higher floor price
Marginal oil, with its greater risks and higher cost of production, will exert more influence on oil prices as it moves to becoming 10% of global supply by 2035. Gillian Carr reports
US natural gas hedging: 2012 outlook
Pauline McCallion speaks to natural gas producers and consumers about what’s on the radar that might affect their hedging strategies this year
Energy Risk - Trading positions - January 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Carbon markets facing uncertain new year after Durban
Both JP Morgan and SG divested interests in carbon trading companies in 2011. Has the market lost its allure or will the Durban agreement reinvigorate things, asks Pauline McCallion
WTI-Brent spread volatility disrupts hedging programmes
Jet fuel prices have been tracking Brent more closely than WTI, raising questions about the hedging strategies of US airlines. Alexander Osipovich reports
Iran to remain biggest short-term risk to oil prices in 2012: analysts
The developing situation in Iran will continue to be the biggest short-term driver of oil prices, as the EU prepares to potentially join the US in sanctions on Iranian crude and the closure of the strategic Strait of Hormuz remains a threat, say oil…
US energy firms brace for position limits
The CFTC’s decision to press ahead with enforcement of the position-limits rule, despite an industry court challenge, means that US energy companies must get serious about compliance in 2012
Companies cautious on hedging in headline-driven energy markets: consultants
Energy-intensive companies are reluctant to pursue aggressive hedging programmes in the current market environment, where headlines are having a disproportionate effect on prices compared with the fundamentals, say consultants