Operational risk
Cutting edge: valuing and dynamically hedging natural gas storage
Natural gas storages are integral parts of gas distribution systems and play a key role in managing demand variations. Risk managers need to value storages on a daily basis, while traders face the challenge of effectively hedging storages. Ali Sadeghi…
Ten years after its collapse, Enron lives on in energy markets
There is no doubt that the influence of Enron lives on in today’s energy markets. Energy Risk talks to ex-Enronites about how the company achieved what it did and what lessons it can still teach us today
Energy Risk Asia 2011 awards dinner photos
The Energy Risk Asia awards were presented in Singapore on September 29 at a dinner following our Asia conference
Sponsored Q&A: BNP Paribas
Volatility and anticipated quantitative easing have left commodity players struggling to make sense of the markets. Frederic Hervouet, head of commodity derivatives for Asia at BNP Paribas in Singapore, sheds light on what we can expect from Asian…
More clarity needed over commodities clearing in Europe
European regulation aimed at driving more commodity derivatives trading through clearing is causing concern among small and medium-sized energy companies that don’t yet know if they will be exempted from the requirements. Gillian Carr reports
Reach of Dodd-Frank concerns energy players in Asia
Participants at Energy Risk’s Asia conference in Singapore criticised the long arm of US regulation, even as others said firms were showing willingness to voluntarily adopt clearing and pre-trade risk management
Regulatory concerns top agenda at Energy Risk Europe conference
Speakers at the annual Energy Risk Europe conference said the industry faces a range of serious challenges, including new legislation, supply constraints and volatility generated by renewables. Report by Gillian Carr and Jay Maroo
Operational risk becoming more complex for hydro generators
Mounting regulations could wear away the flexibility of hydropower over time. Pauline McCallion looks at the risks faced by US hydropower operators today and the methods being used to manage them
Jet fuel demand seen picking up
Recent years have not been kind to aviation, but with a recovery in demand taking place in 2010 and bullish projections for this year and the next, the future for jet fuel demand appears to be looking brighter. By Samuel Fenwick
Technology advances at energy exchanges and trading platforms
Energy Risk canvasses leading energy and power exchanges along with trading system vendors on their recent and ongoing technological developments. Roger Aitken reports
Commodity trade finance feels the pinch
The European debt crisis and the subsequent tighter supply of credit in the money markets is beginning to be felt in commodity financing. Vanya Dragomanovich looks at how big a threat the latest round of credit tightness is to the commodity financing…
Energy Risk Trading positions – November 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Biomass exchange: catalyst for European renewables?
The opening of a new Rotterdam-based biomass exchange is being hailed as the first step toward a functioning market for renewables within Europe. Ned Molloy reports
Ferc to re-examine wider impact of California power crisis
The Federal Energy Regulatory Commission has reopened a case concerning the impact of the 2000–01 California power crisis on the Pacific Northwest. Pauline McCallion reports
Video: European power market participants bullish on market coupling
Participants within Europe's electricity markets expect market coupling to continue apace in the next few years, making a European-wide integrated power market possible by 2014
Energy players assess MF Global fallout
MF Global’s bankruptcy is unlikely to significantly impact commodity markets, participants say, but could affect the Dodd-Frank rule-making process
Mifid II update: potential position limits and narrowed exemptions likely for commodity traders
Last month’s updates to the Markets in Financial Instruments Directive (Mifid II) and the Markets in Financial Instruments Regulation (Mifir), the regulations implementing Mifid II, could have a significant impact on energy trading companies, say experts
Energy firms need to gear up for Remit insider-trading rules, lawyers warn
As early as December, energy trading firms could be subject to a compliance regime for Europe's complex - and confusing - new insider-trading rules
A divided CFTC approves new commodities position limit rules
"The pursuit by industry of legitimate and appropriate risk management is now made unduly onerous," says CFTC commissioner Scott O'Malia
Energy Risk Europe: Oil up $4/bbl for every 1% hike in China, India oil imports: report
New research provides evidence that a relationship exists between the demand for oil from China and India and Brent crude prices
Energy Risk Europe: energy trading firms' technology not ready for new rules
Many energy trading firms have yet to begin getting the technological infrastructure in place to comply with new EU and US financial market regulations, say panellists
Energy Risk Europe: regulators need to differentiate between banks and non-banks
Regulators should be wary about applying financial market regulation to all end-users, warn panellists
Energy Risk Europe: Remit language too loose, say panellists
Weaknesses exist in the language of new rules meant to prevent use of insider information and other forms of market abuse in the wholesale energy sector