In the Cold War techno-thriller WarGames, a marine monitoring a nuclear missile silo deep under the Nevada desert sees a red warning light blink on his console. “Just flick it with your finger,” his colleague tells him. He does, and the bulb goes out. Problem solved. But what will their
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Is Iran right that oil is heading for $25? Are OPEC and the International Energy Agency (IEA) right that prices will rebound later this year? The headlines suggest that, whatever the case, oil isn’t ready to recover the enormous value it has lost in recent months. With upwards of a
How’s your oil book looking? As prices continue their decline, the industry is making rapid adjustments, including project shut-ins and corporate restructurings. With WTI at $55 per barrel and the forward price five years out hitting $66, energy firms are scrambling to lock in value while bargain hunters start to
As a simulation exercise, SAS has created a fictitious oil portfolio, VirtualOil, which readers can use as a generic benchmark against their physical oil commodity book’s performance. Each month, we reflect on what the visual analytics can tell us about the portfolio’s movement, with additional commentary and granular chart views
Volatility. It’s a business reality for energy market participants and it’s been a wild ride for the oil marketing business over the past few weeks. How has your energy risk data helped you navigate the recent increase in volatility and precipitous price drop? This month, we are launching a recurring
“Technological innovation is no longer a choice: it is an imperative.” So said Scott O’Malia, Commissioner of the Commodity Futures Trading Commission, about trade surveillance during his keynote address at the recent SAS-sponsored New Risk in Energy 2014 conference in Houston. He was attempting, as he has before, to spur
With details of the UBS incident still coming in, the topic of rogue trading was in the air as the Committee of Chief Risk Officers (CCRO) held its second annual risk summit in Houston on Sept. 21-23. It’s natural for a gathering of senior risk practitioners to engage in some