Market risk
Uncertainties cloud CDM market
Asia is a primary source of offset credits for European compliance buyers, but increased risks associated with the CDM market in the region are forcing risk managers to re-examine their portfolio strategies accordingly, as Katie Holliday reports
Renminbi liberalisation opens doors to investment
Renminbi liberalisation could enhance risk management capabilities in the Asia-Pacific energy and commodities markets, writes Lianna Brinded
Trading positions - February 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
EUA theft could severely damage carbon market, say analysts
Last month’s theft of carbon allowances was a blow to the European Union’s efforts to develop the carbon market. Katie Holliday reports on the expected extent of the damage
Energy Risk Commodity Rankings 2011: Metals
HSBC held on to the top spot in precious metals, in a year dominated by the rise in the price of gold. Société Générale also retained its lead in base metals, some way ahead of second-placed Goldman Sachs. By Ned Molloy
Energy Risk Commodity Rankings 2011: Commodities
Some commodity markets saw a significant drop in volatility in 2010, with prices trading in a tight range. In contrast, there are some notable changes in this year’s Risk and Energy Risk commodity rankings, with some new faces making it into the survey
Energy players expect further market fragmentation
Energy market fragmentation is likely to continue as larger players scale back their activities under Dodd-Frank
GS: Opportunities from commodities emerging markets constraints
Goldman Sachs says investors should get exposure to crude oil, and put a $105 per barrel price target on it, as one of the supply-constrained commodities China most needs, David Walker reports.
CFTC presses on with position limits proposal
Concerns remain over position limits for commodity traders under Dodd-Frank Act as CFTC issues plan for public comment
Societe Generale to acquire RBS Sempra gas and power assets
Société Générale agrees to buy North American power and natural gas assets from RBS Sempra Commodities
Commodities remain an attractive asset for hedge funds
Despite volatile markets, commodities trading remains a popular strategy for hedge fund managers and investors as regulators target speculation. Joanne Harris reports
Q&A: Marc Fontaine, head of commodity derivatives, Americas at BNP Paribas
Marc Fontaine, head of commodity derivatives, Americas at BNP Paribas talks to Pauline McCallion about addressing energy end-user needs in light of the Dodd-Frank Act and recruiting new talent to the sector.
Energy Risk Central & Eastern Europe conference
The setting for Energy Risk’s second CEE conference was Poland’s financial capital – Warsaw. The phoenix city, as it is known, was an apt setting for discussion of the growth of the power markets in the region, which are steadily increasing in liquidity…
Which way for Europe’s gas storage markets?
Fundamental changes to Europe’s natural gas market conditions and regulation should pave the way to a liquid gas storage market in its own right in coming years. Alex Davis examines how this stands to impact gas storage asset management
Opportunities in Russia's power market
Russia’s energy markets are known for being closed off to Western involvement. But as the regulators prepare to finalise their liberalisation programme this month, is the landscape becoming ripe for Western participation? Katie Holliday examines the…
Energy investment delays raise operational risks
After infrastructure investment in the energy and commodities industry dropped to record lows following the credit crunch, Lianna Brinded takes a look at whether the new uptick in spending is too little, too late for staving off operational risk
US regulation update
The Dodd-Frank Act rule-making process has continued apace since enactment of the legislation in July 2010. However, in spite of the regulators’ progress in several major areas, significant concerns remain for energy market players. Pauline McCallion…
Trading positions - January 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
EU financial rules consultation raises industry concerns
The European Commission has recently distributed its industry consultation on the expected changes to Mifid’s legislation. Alex Davis asks if the energy sector should be alarmed
Smooth start for Texas nodal
Hedging activities in Ercot’s day-ahead market have commenced after its nodal transition. Pauline McCallion reports on expectations for future risk management developments
Global carbon market gears up for 2011 climate talks
The COP16 meeting in Cancun has been deemed a ‘technical success’ by market participants, but expectations were far lower in comparison to Copenhagen. Katie Holliday investigates
CER/ERU spread to tighten this year, say experts
On the back of Russia starting to issue ERUs, increased market liquidity will lead to tighter ERU/CER spreads, say analysts