Operational risk
Time to consider electronic trading for oil markets
The oil markets have stubbornly resisted electronic trading for 10 years. Alex Davis finds out if this is about to change
Interview: CCX’s Richard Sandor on carbon emissions
The Chicago Climate Exchange’s founder, Dr Richard Sandor – who played an instrumental role in the development of spot & futures markets under the US Acid Rain Program – speaks to Pauline McCallion about the similar role environmental markets can now…
Q&A: Blue Star Energy Solutions’ John Wengler on risk
BlueStar Energy Solutions’ chief risk officer, John Wengler, speaks to Pauline McCallion about managing energy risk in the US power markets
Sponsored Q&A: Regulation & ETRM solutions
New financial regulation poses fresh challenges to companies’ financial technology and systems. In a Q&A sponsored by Sapient Global Markets, Energy Risk discusses with experts how they can respond and what will be the impact on market developments
Q&A: Endesa’s Jaime Roman on mergers
Jaime Roman, head of risk management at Spanish utility Endesa, talks to Katie Holliday about the attitudes to risk management in Europe from the perspective of a major European utility operating in the growing Iberian markets
Q&A: Mitsubishi UFJ Securities Holdings’s Akihiro Kawabe on transparency
Risk management in Asia is arguably more difficult to estimate as each country has very different regulatory requirements and political risk. Lianna Brinded speaks to Akihiro Kawabe, executive officer and general manager of the corporate risk management…
Mongolia: Investors weigh risk in promising market
Following a $3 billion investment agreement made for a copper-gold mine last year, and the recent tender for $10 billion of infrastructure investment, Mongolia seems to be the new land of opportunity, but there are risks. Alex Davis reports
Technology and regulation change game plan for brokers
Technological developments have transformed the face of European energy broking beyond recognition. Now regulatory changes could potentially alter this landscape even further. Alex Davis and Katie Holliday speak to the major brokers about their vision…
Pass the microphone: CFTC’s Scott O’Malia to CME Group’s James Newsome
This month, Scott O’Malia, a commissioner of the US Commodity Futures Trading Commission, puts his questions to James Newsome, member of the board of directors of the CME Group and a former CFTC chairman
Turning points: Citigroup’s Richard Bowler
Richard Bowler, head of shipping and freight at Citigroup, talks to Katie Holliday about the highs and lows of working with freight derivatives and his recent move into the LNG market
Nigerian official says oil exports not at risk
Nigeria’s oil minister has dismissed market reports that the country’s oil supply will dramatically tighten following insolvency rumours and major plans for offshore drilling
More than 2,500 UK end-users at risk of fines over carbon rules
More than 2,500 UK end-users could be stung with a hefty fine from the UK government, as a substantial number of executives at the country’s top firms admit they are unaware of the mandatory CRC Energy Efficiency Scheme, reveals a new report
China LNG demand forecast revised up by 48%
China’s seemingly unstoppable appetite for energy has boosted the country’s liquefied natural gas (LNG) demand forecasts by 48% from earlier estimates, as unconventional supply looks to plug the supply and demand gap, says a new report
Mining companies vulnerable on lack of hedging programmes
A substantial number of mining companies refuse to have a hedging programme, leaving them vulnerable to a possible sharp drop in prices
MF Global fuel oil brokers to move to Spectron
Several fuel oil swaps dealers at brokerage MF Global are reported to be moving to rivals Spectron
JP Morgan commodity staff cuts won’t spread, but Europe recruitment slows
The recent commodity desk cull at JP Morgan is unlikely to be the start of an industry-wide trend, but the aggressive commodities build-outs from investment banks have slowed in Europe
Hungarian power exchange launch positive for eastern European markets
The Hungarian power exchange's (HUPX) first day-ahead auction was a positive development for the Hungarian power market, say analysts
HSBC enters energy derivatives market
HSBC and Total Oil Trading expect to offer their first products in a few months' time
CFTC to publish financial large-trader report
The US Commodity Futures Trading Commission (CFTC) on Thursday announced plans to boost transparency in the financial futures markets with the publication of a new report.
France’s power shortfall would threaten UK power supply
A potential power shortfall in France could put pressure on UK energy supplies and prices, says analyst.
Derivatives reform to hit energy giants
Several major energy and commodities companies such as Royal Dutch Shell and BP are to face a substantial rise in derivatives trading costs, following the adoption of the Dodd-Frank Wall Street Reform Act.
Legal experts identify end-user issues under new US act
As US regulators embark on redefining over-the-counter derivatives trading, energy end-users need to be aware of how they will be categorised and the potential impact on trading costs.
BP’s oil spill to tighten global oil supply - report
BP’s Gulf of Mexico oil spill will tighten global oil supply as US oil production is set to wane, following expectations the disaster will lead to stricter regulation and closer scrutiny of drilling operations in the US, say Barclays Capital
China disputes IEA energy data
The International Energy Agency’s claim that China has overtaken the US as the largest energy user, has exacerbated concerns that supply and demand data could be out of sync with price forecasts