Oil
Energy stirs political passions around the globe
The politics of energy are just as fascinating as the physical processes behind it, and are rarely subtle
Oil rout roils E&P and airline hedging strategies
Corporate risk management programmes have had a mixed track record amid the recent plunge in crude prices. Oil producers with a conservative approach to hedging are emerging as some of the winners, while some airlines are feeling regretful about their…
Oil dive increases importance of trading, says Statoil
Asset-based trading seen as crucial by Statoil in environment of lower oil prices
Cutting edge: Kriging smooth energy futures curves
This paper applies the method of kriging from geostatistics to extract smooth curves from energy futures prices. How the method can interpolate market prices is demonstrated, both for contracts with fixed delivery times and for delivery over a period,…
Energy Risk Awards 2015 now open for entries
Awards recognise excellence across global commodities market
Dodd-Frank reporting lets traders prey on hedgers
The US Dodd-Frank Act has foisted transparency on derivatives markets by requiring the public reporting of over-the-counter trades. But some end-users are crying foul, as the new rules cast a spotlight on the once-hidden execution of their hedging…
Oil prices collapse: assessing the ‘known unknowns’
Predicting the future for oil prices is a losing game due to the complexity of the market. But some pieces of critical information are often widely missed, argues Vincent Kaminski, including several potential risks to firms associated with North American…
Pemex ramps up risk management amid energy reform
Mexico's energy reform is leading state-owned oil and gas giant Petróleos Mexicanos to boost its risk management activities and consider new strategies for commodity hedging
Oil slump expected to lure investors back to commodities
Return of volatility in crude oil prices creates trading opportunities for hedge funds, market participants say
Energy evolution set to reshape risk management
During the next 20 years, the energy industry is expected to undergo transformational technological change, shaking up traditional patterns of correlation between different energy markets and creating demand for new types of instruments and more…
JP Morgan commodity heads reveal plans for the future
JP Morgan sold its physical commodities business to Switzerland-based Mercuria in October, a major retreat after years of aggressive expansion in energy and metals. But in an exclusive interview, the bank’s new global co-heads of commodities tell…
Knowing your territory is vital for energy firms
Energy firms must operate in many different countries, with a variety of legal systems and cultural traditions. Strong knowledge of these areas is crucial if companies are to avoid being ensnared in a legal and regulatory minefield, writes Vincent…
US airline wins Dodd-Frank real-time reporting delay
CFTC no-action letter giving Southwest Airlines and its dealers extra time to report hedging trades in long-dated oil may lead to broader relief for other hedgers in illiquid markets
Oil price fall spurs interest in trading, says panel
Financial traders such as banks are likely to benefit from a marked drop in oil prices and a rise in volatility, according to market participants speaking at a London conference
Energy trading: veterans reflect on highs and lows
Celebrating Energy Risk’s 20th year, Vitol’s Christopher Bake and Icap’s Paul Newman spoke to editor Mark Pengelly about the history of the energy market and current trends on stage at Energy Risk Summit Europe in October
US airlines hesitate on fuel hedges despite price drop
Fuel hedging from airlines and other consumers is picking up in the wake of a drop in oil prices, but some firms remain too concerned about the prospect of a further fall
Looking back: Chaos ensues at IPE amid protest
Open-outcry trading at the IPE was halted in February 2005 amid a lively protest by Greenpeace activists. The timing was ironic, as Energy Risk reported the following month
Energy Risk Asia Risk Manager of the Year: GDF Suez Trading
GDF Suez Trading’s Asia-Pacific unit has expanded rapidly thanks to its understanding of the market and strong client support, but timing has also helped
Energy Risk Asia Data Provider of the Year: Thomson Reuters
Thomson Reuters is responding to the specific needs of Asian energy traders, as demonstrated by the development of two oil modules for its Eikon trading software
Energy Risk Asia Energy Finance House of the Year: SG CIB
Societe Generale Corporate and Investment Banking is using its technical skills to win innovative and complex energy finance deals across Asia
Energy Risk Asia Oil & Products House of the Year: JP Morgan
Despite the sale of its physical commodities business, JP Morgan continues to offer liquidity in a broad range of crudes and refined products in Asia
Energy Risk Asia Structured Products House of the Year: Deutsche Bank
Deutsche Bank has been coming up with fresh structured product ideas to suit the tastes of Asian investors and corporate hedgers, despite range-bound markets
Energy Risk unveils lifetime achievement award winners
Energy Risk has named the winners of its 20th Anniversary Lifetime Achievement Awards – a special one-off prize recognising 20 individuals who have contributed to the development of commodity trading and risk management
Bertuccio leaves JP Morgan for Glencore Xstrata
JP Morgan oil origination veteran Michael Bertuccio has been appointed as head of origination and principal investments at Glencore Xstrata