Whether you dismissed it as “storm hype” or considered it a justifiable reason for concern that hurricane-devastated Gulf Coast supplies faced the possibility of another major hit late this week, one thing was for certain. The Monday morning formation of Tropical Storm Wilma in the western Caribbean Sea was the primary reason for cash market spikes Monday that were around or exceeded a dollar in most cases.
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CCRO Publishes ‘Emerging’ Guidelines on Balancing Assets and Risk
Guarding against a repeat of the financial troubles that have devastated the merchant energy sector, the Committee of Chief Risk Officers (CCRO) Wednesday published proposed guidelines for assessing capital adequacy in a stressed environment, both for a company’s long-term viability and its short term liquidity.
CCRO Publishes ‘Emerging’ Guidelines on Balancing Assets and Risk
Guarding against a repeat of the financial troubles that have devastated the merchant energy sector, the Committee of Chief Risk Officers (CCRO) Wednesday published proposed guidelines for assessing capital adequacy in a stressed environment, both for a company’s long-term viability and its short term liquidity.
Bullishness Continues, But Staying Power in Doubt
The cash market remained on its uphill trek at all points Wednesday except for the OFO-devastated PG&E citygate, but price increases continued to get smaller than those earlier in the week. A substantial majority of upticks were between 10 and 20 cents.