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Darn, I actually contemplated on following the EIA data release, and short selling at 97.5 . I guess I dodged a bullet.. >_<"

Kind of.... they're correlating it with the steep increase in consumption. Oh btw, im trading as an individual, not for a corporation. I'm a power trader by profession. Just doing WTI as a hobby (i kinda suck at it). I'm based in southeast asia (won't specify country unless in PM)

Thanks darth, I get the EIA data every wednesday (about an hour ago). Then I realize that the market somehow considered the API data. Although Ill take your word on it. Is reuters giving out the API data on tuesdays too?

Guys this is driving me crazy. I can't seem to find out how to subscribe to API's weekly publication that shows the status of the US crude inventories. I've tried the API website and all it does is lead me to an outsourced subscription provider that won't allow for electronic copies unless you...

Hi, Have you tried using ERCOT On-Peak power prices? They should have high correlation with Nat Gas prices. Just a thought >_<

Hey guys, I don't know of any financial news databases. However, I've been gathering daily local energy news for my trading operations for over a year now (on-and-off). I'm using YahooPipes to aggregate feeds/parsed website info from all the relevant news sites, regulatory websites, blogs...

Tangential topic.:coffee: I was tinkering with a test Oracle system one time, and found out that if you create two triggers that "listened" for any DDL statements (i.e. DROP,ALTER) targeted at any of the triggers and prevented them from happening, you can create a virtually indestructible...

Hallo Zeuge, From my experience, programming and development of software should be conducted by programmers with the aid of the risk managers themselves. However, you'll quite often find your department on a tight budget and not permissive in getting the right kind of tools to quantitatively...

Yo. I'm gonna shotgun answer this without looking too much into details (sorry) 1. Is your code for cholesky decomposition returning the correct coefficients? There is a method to check for this.

I would like to add some thoughts on OP's 1st question: >in which case should we analyze a stock price or logarithm transformation of stock price. and what about other economic/financial data such as GDP, interest rate, exchange rate? which is the rational? If you wish to use other data as...

nice find, are you an energy trader too? :P

Cool! Contributin'

I'm sorry guys, but the topic is gonna have to take a backseat for now. I'm tied up till feb. 11 (last day of questions submission for GARP ERP exams). o_o so hard to think of questions...

Thanks. I'm in the process of absorbing your reply message. :-)

Hi Tobias :-) There are, we call them bilateral contracts in our market. (Philippine Luzon grid) True. I use two tools for this. One of them was designed by IAEA, it's called the W.A.S.P.-IV (proprietary optimization software for power grid expansion and costing) I think i'm at that...

What? Isn't there a phenomenon called "Storage Arbitrage Condition" where futures prices become self-fulfilling? I don't know you tell me. >implying i didn't say that i'm a newb at this.

Alright. Newb question here. Is it okay for me to just check the futures prices of oil and say that, "ahh the spot prices will follow this pattern in the near future"

To continue my topic, Here are the following steps I plan to take in the next few days to better grasp the mechanics of Oil pricing: 1) Take daily values of WTI, Brent from bloomberg (i dont have an application for this so i'll use their website) 2) Make a mysql database where I could...

Hi, I am glad to have generated this amount of response. With regards to the WTI-Brent Divergence, I find this a very eye-opening reading: The Increasing Divergence of WTI Pricing from World Markets Basically it says that the whole problem is due to a combination of pipeline bottlenecks and...

Hi everyone. I'm an electricity trader, and am responsible for five (5) 10MW diesel engines. My engines run on HFO, LFO, and Bunker fuel. I would like to start "monitoring" the prices of crude oil in the global markets. Now, I only know a few fundamental indicators in reading and...

Hi Achilles, If you're an engineer like me, why not take the energy risk professional (ERP) cert instead? It's offered by GARP though.

Dude, these guys are my heroes!!1!

This is interesting. Why did you have to use SQL though... oh I see.

And this, my friends, is why you can't move from the back/middle office to the front office...

I can't help but think that google might be setting up an electricity trading operation. Their data centers consume greater than 5MWh in an hourly interval and it would make sense if they bid on electrical spot prices. That said, I heard somewhere that google is making bilaterals with...

Whoever wrote this mail must be so insecure about his qualifications outside the world of finance.

Heyla, I got a question, what software are you using?

I'm based in Southeast Asia. :-) I've recently passed the ERP given by GARP, but to my frustrations, I find it hard to implement the price discovery models discussed from its readings. I don't really have access to amazon from where I am, so obtaining the books mentioned in this forum is...

Hello! :) I'm an electricity trader for a power generator operating in a spot market. I was wondering how many of you guys are into energy trading in here. :P Also I'm having troubles implementing the 2-factor mean-reverting Pilipovic Model -_-" Heya guys!