Foreword
By Olivia Campbell, Sales & Marketing Director.

Walking the Line - New Frontiers in Risk Management: Reputational
Risk & Crisis Management
It usually takes years to build solid reputations. Conversely, they can be lost in a very short period of time - sometimes overnight - as the recent debacles of Refco, China Aviation Oil (Singapore) and Enron clearly illustrate. When firms lose their reputations, they usually face the classic 'run on the bank' problem as customers, creditors and employees rush to exit their relationships with the firm.
By Carlos Blanco & Brian Regan.

EU ETS: First Glance at Phase 2 NAPs
The end-June deadline for EU governments to submit their National Allocation Plans (NAPs) for the second phase of the emissions trading scheme came and went with barely a whimper.
By Candida Jones, Point Carbon.

Middle Eastern Promise: The Allure of Dubai
Dubai has been an oasis of innovation and creativity since its rulers sought to capitalise on their oil resources and provide a legacy for the Kingdom. Today, Dubai's oil reserves account for just 6% of its income with tourism and commerce providing the GDP backbone of this progressive state, the second largest and most populous of the seven Emirates that have comprised the UAE since its creation in 1971.
Dubai is making significant progress toward its vision of being a global commodity trading hub with two futures exchanges and a growing portfolio of products incorporating precious metals, currency and energy.
By Jeremy Wilcox, the Energy Partnership.

Indian Commodity Markets: The Awakening Giant ...
Despite a long history of commodity trading, commodity markets in India are still in their initial stages of re-development. Commodity trading is now in a bull-run phase as investment gurus stress the importance of commodity markets and new players enter the Indian arena.
By Dr. Uday Lal Pai.

Energy Business Awards, 2006
The 2006 Energy Business Awards nomination process is now open and concludes on October 16th. Now in their fifth year, these Awards are designed to reward excellence in a number of key energy business disciplines - to those companies who are making a significant mark on the way energy business is conducted, trading risks mitigated, precious energy resources utilised, energy systems developed, environmental degradation curtailed, energy technology advanced, and energy production and consumption distributed more efficiently and ethically.
Nominate Now

Copper Mining: Facing the Demand Challenge
The base metal industry is enjoying strong market fundamentals and should continue to do so for some time to come. The combination of high demand growth and a prolonged period of under-investment in exploration and lack of major discoveries will continue to drive metals for decades to come. Today's inventories of most base metals are at almost statistically insignificant levels, measured in just days of global consumption.
By Robyn Storer, HansonWesthouse.

Coal-To-Liquids: Jump-Starting the CTL Fuels Industry
It's here and it's happening now. Numerous companies are moving to establish a commercial CTL industry, particularly in North America. As the world continues to grapple with the key issue of energy security, for coal rich nations CTL is fast becoming another way to counteract 'perilous energy dependence'.
By Guy Isherwood, Editor.

Oil Risk Management: Risk Factors & Structured
Products in European Illiquid Paper Markets
In the limited liquidity petroleum products markets of Western Europe, financial institutions are realising that greater use of complex derivatives products is necessary to counteract the volatility inherent in these markets. Nevertheless, many firms are still failing to make full use of structured products to manage their risk. Murad Jivraj of City Practitioners believes firms should revise their approach.
By Murad Jivraj of City Practitioners.