The role of a credit risk manager in an energy or commodities supply & trading organization is challenging on many fronts. We live in difficult economic times, which are...
Value at Risk (VaR) has been in the spotlight recently, following several dramatic market drops. The VaR methodology is regularly criticized during periods when market volatility...
Commodity trading markets are nuanced and complex, and trading organizations need to be able to interpret all available information. This includes industry news and market prices,...
The energy industry has endured two hard shots: the pandemic and breakdown in OPEC+ supply restrictions. The firms that succeed on the other side will be those that learn...
In the midst of all the personal, health, economic, and industry upheaval that we’re experiencing, we never expected to hear this: oil prices have increased over $40/barrel today...
Among commodity trading organizations, there is an unexpectedly wide variety of internal credit risk analysis processes. Many firms measure less than is prudent given their...
Modeling the relationships between markets is sometimes underappreciated as a prerequisite to solid risk analysis. Market relationships reflect linkages between markets that...
As a holder of the Global Association of Risk Professionals (GARP) Energy Risk Professional (ERP) certification, people often ask me whether they should obtain it. As with most...
For public and private companies alike, an external audit is a normal component of operating the business. It is also integral in confirming the operational and financial...
This is the third in a series of VaR blogs. The first, Value at Risk: Overview and Benefit Case, provided an introduction to Value at Risk (VaR). The second, Successful...
An earlier VaR blog, Value at Risk (VaR): Overview and Benefit Case, provided an introduction to Value at Risk (VaR). We critiqued “industry standard” VaR definitions, reviewed...
What are Real Options?
Understanding and optimizing real options within your business can unlock massive value, which in many cases is being overlooked or underestimated. This...
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