Ideas, strategies, and viewpoints on the global energy commodity markets.

All (12)

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An Update on Sovereign Oil Hedging Programs

Over the course of the past few days we've received several reports that Mexico has begun to execute it's 2014 oil hedging program, so we're going to...

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Passive vs. Active Energy Hedging Strategies - Part II

After trading as low as $3.125/MMBtu in mid February and as high as $4.444/MMBtu in early May, NYMEX natural gas futures have recently given up...

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A Creative Diesel Fuel Hedging Strategy

As both Brent & WTI crude oil are now well over $100/BBL, many large fuel consumers are seeking creative hedging strategies that protect them against...

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Caveat Emptor - Hedging Brent vs. WTI & Crack Spreads

As the Brent-WTI spread is trading at it's lowest level since November 2010 and crack spreads shifting as a result, it's time that we take another...

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Passive vs. Active Energy Hedging Strategies - Part I

As all large fuel consuming companies know all too well, fuel prices have increased significantly over the past few months. After posting 2013 lows...

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Hedging Against A Potential Oil Price Spike

After trading as low as $92.67 only two weeks ago, WTI Crude oil prices have risen significantly since then, trading above $100/BBL for the only the...

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Hedging Refining Profit Margins with Crack Spread Options

Over the past year, refining profit margins have been quite volatile. As an example, Brent crude oil/gasoil calendar swap crack spreads have traded...

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Bunker Fuel Hedging & Price Risk Management - Three-Way Collars

In recent weeks, we've spoken with many bunker fuel consumers (cruise lines, shipping companies, etc.) who are seeking "more creative" hedging...

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A Beginner's Guide to Crude Oil Options - Part IV - Interest Rates

As we discussed in A Beginner's Guide to Crude Oil Options - Part I Part II & Part III, there are four primary factors that determine the price of...

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