Online Seminar: Managing energy costs in energy intensive industries – best practice and tools for maximising profit margins

Online Seminar: Managing energy costs in energy intensive industries – best practice and tools for maximising profit margins

Managing energy costs in energy intensive industries – best practice and tools for maximising profit margins
Date: Thursday, May 31, 2012 
Start time: 2.30pm BST 

With ever escalating energy prices eroding already pressured profit margins, managing energy costs becomes a priority for energy intensive industries world-wide. What strategies exist to mitigate today’s raising energy costs? What are the latest tools available to forecast, assess and manage price risk? 

Join Energy Risk Editor Stella Farrington and a Panel of experts for a Seminar exploring the challenges faced by corporations and find out about key trends and tools in integrated energy risk management

Advertisements

Logistics Management: “Can speculators profit from declining oil?”

Interesting editorial from Derik Andreoli today on Logistics Management web site about the role of speculation in oil prices. Quote: “As a logistics manager, understanding that oil and fuel prices are a function of supply and demand rather than the rogue actions of “evil speculators” is important. If speculators are driving prices above a level supported by the fundamentals,

Continue reading

Risk.net: OpRisk North America highlights the limitations of risk management

Risk.net: OpRisk North America highlights the limitations of risk management

Good summary of recent OpRisk North America on Risk.net. Sample quote:

Mark Levonian, senior deputy comptroller for economics at the Office of the Comptroller of the Currency (OCC) in Washington, DC, opened the conference with his keynote speech on the morning of March 21 (the previous day had been devoted to technical seminars). He cautioned operational risk managers against relying too much on risk models.

“Op risk models should be a key part of the risk management process, but we have to ask ourselves whether the models are wrong. The use of models is crucial to good risk management today, but sometimes even the best models don’t work the way they are supposed to. In fact, all models don’t work sometimes. The risk that the models won’t work – model risk – is an operational risk in itself, and is a risk that has to be actively managed,” said Levonian.