Risk management
Finding potential in a volatile commodities market
Macquarie is uniquely positioned to offer clients a range of products, expertise and experience across the commodities space. Nick O’Kane discusses the bank’s approach to commodity markets and what he expects next
Corporate risk manager of the year, Asia: Engie Global Energy Management
Energy Risk Asia awards, 2018: Engie maintains global LNG presence and enhances risk management after sale of upstream assets
UK balancing market opening up to industrials
Will efforts to open UK balancing market garner interest beyond suppliers and aggregators?
Advancing on all fronts
Sompo Global Weather continues to expand its offering with timely, tailored weather risk solutions designed to service a growing global audience and diversification into new sectors supplying responsive solutions
Achieving business agility through CTRM systems
Today’s narrow margins mean utilities and energy traders need to cut costs and improve efficiencies, and a firm’s choice of commodity trading and risk management system will be crucial in the battle to become as agile as possible
Are failure indexes fair play?
Regulators must clarify stance on trading off big-data forecasts of outages, writes energy consultant
Cyber risk a top threat for energy firms
Cyber crime cited among top three external risks; scarce data makes modelling difficult
Beware the pitfalls of right- and wrong-way risk
Credit exposure can be hazardous. Misinterpreting the risks posed can be ruinous
Managing energy market volumetric risk
Krzysztof Wolyniec presents a volumetric risk management model for energy markets
Uniper’s Khan on risk transformation and green energy
As energy markets change risk management should be at the heart of business strategy, says Novera Khan
ETRM systems edge into cloud, but caution urged
Cloud could revolutionise ETRM systems but hurdles persist, according to survey
P&L attribution for energy portfolios with non-linear exposures
Carlos Blanco and Alessandro Mauro explain how non-linear P&L attribution tools can improve a company’s business intelligence capabilities, be an effective way of benchmarking mark-to-model values, and identify key sources of risk and return on energy…
Bolstering the biofuels market
Named the number one biofuels broker in the 2017 Energy Risk Commodity Rankings for the fifth consecutive year, SCB sees changing dynamics from greenhouse gas emissions programmes
Political gaming casts energy further into age of disruption
With regulatory change in the air, market participants must be more aware of the situations those with legislative responsibility find themselves in
What lies beneath: attention lessons for risk managers
Allowing seemingly irrelevant problems to fester can lead to catastrophe. In many industries, particularly energy, risk managers should be better positioned to preempt disaster
Position vacant: unpicking energy’s hidden contract risks
Complex, long-term supply deals present job opportunity for risk managers
Quant Ideas: How VAR can add value to energy market analysis
Using traditional financial tools such as value-at-risk can improve market risk analysis in the energy sector
Quant Ideas: market-making, risk and information in commodities
Persistent low liquidity in commodity markets is the result of the fundamental interaction of high volatility and noisy data sets. This fact has profound implications for the theory and practice of risk management in commodity markets
Quant ideas: Strategic versus tactical risk management
Strategic or enterprise risk management has long been seen as something of a Holy Grail for risk managers. However, the susceptibility of enterprise risk tools to poor quality data means the whole effort is likely to be misguided, argues Krzysztof…
E&P firms reluctant to hedge in wake of oil collapse
Having undergone a severe decline since late 2014, the price of crude oil has fallen still further in the past few months. That has made US shale producers reluctant to hedge for fear of locking in rock-bottom prices
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
Energy traders must adapt or die, warns E.on risk head
Challenges such as regulation, declining volatility and renewables are making life tough for energy traders, says E.on Global Commodities CRO, but the industry will find solutions
Applied risk management series: Integrating stress tests with risk management
Stress testing is a vital part of successful risk management, but risk managers at energy trading firms frequently face obstacles in designing and implementing successful stress testing programmes. In this article, Carlos Blanco provides some advice on…
An exclusive look at Commodity Investing and Trading
A new book, Commodity Investing and Trading, is now on sale from Risk Books. Energy Risk provides an exclusive preview