Refinery
Video: Volatile energy prices will be the norm in 2020, says Phillips 66 risk manager
IMO 2020, volatility and shareholder activism will be major challenges next year, says Earl Burns
Asia end-user of the year: Bharat Petroleum
The Indian national oil company has risen to the challenge of dealing with market and regulatory risk in the past 18 months
Maximising refinery profits using portfolio optimisation
Petroleum refining is a complicated, multi-dimensional task that involves many tricky operating decisions. In this article, Carlos Blanco and Christopher Mammarelli explain how a portfolio-based optimisation framework can maximise the profitability of a…
Italian refiner seeks boost from supply and trading unit
Italy’s Saras is taking advantage of a well-supplied crude market and the flexibility of its Sardinia refinery to seek out trading opportunities, but challenges loom in the form of onerous financial regulations and the structural difficulties of Europe’s…
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
Oil & Products House of the Year: BNP Paribas
BNP Paribas is holding the course in oil and refined products, as other banks abandon the commodities market
Asia Oil & Natural Gas House of the Year: Citi
Citi has worked hard to rebuild its oil business and is one of very few banks that remain active in physical LNG
Banks’ physical commodity trading comes under scrutiny
Amid a review of a 2003 determination by the Federal Reserve, the involvement of US banks in physical commodities has come under fire from regulators, politicians and the media. Could they really be forced to exit physical trading? Alexander Osipovich…
Low Brent creates window of opportunity for hedgers, say analysts
Brent crude oil offers a window for airlines and refiners to lock in prices, but opportunity won’t last forever, say analysts
Energy Risk interview: Bharat Petroleum's hedging programme
RK Mehra, executive director (international trade) at Bharat Petroleum Corporation Limited, talks to Jay Maroo about his company’s commodity hedging programme, corporate hedging in India and the likely effect of any regulatory changes
Possible Delta Air Lines refinery acquisition raises eyebrows
Analysts have been stunned by reports that Delta Air Lines is considering the purchase of an idled ConocoPhillips refinery on the US east coast. The unprecedented deal would provide Delta with an in-house source of jet fuel, but the problems inherent in…
Energy Risk Deals of the Year 2012: Lloyds's financing for Essar
Lloyds Bank organises $1.5bn secured borrowing base facility for Essar Energy
Refiners seek innovative tools for risk management
Battered by tight margins and volatile oil markets, refiners are exploring a range of innovative tools to contain costs and improve risk management. Alexander Osipovich reports
Fuel oil prices seen remaining high
Prices for fuel oil, historically one of the least profitable parts of the crude barrel, are close to all-time highs.
Refiners step up hedging activity
Refineries in Europe have stepped up their hedging activity in recent months as they take advantage of a recovery in margins, market participants say
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.
California carbon scheme delay “prudent”: EDF
California's decision to delay carbon trading compliance until 2013 “will give the cap-and-trade programme it’s best chance of success”, says AB 32 co-sponsor
Oil and oil products markets buffeted by tsunami
Oil prices have fluctuated in the wake of the political upheavals in the Middle East and the tsunami disaster in Japan. Ned Molloy reports on the latest market developments
