Commodities

JPMorgan is a market maker in the major energy markets worldwide. Our global team delivers consistent results and speed of execution to clients across multiple products, including complex derivatives, while managing significant market and credit risk. We provide:

  • Corporate Energy Risk Management for clients hedging commodities exposure
  • Market Intelligence affording clients a wide view of the energy markets and industry leading research in oil and natural gas
  • Energy and asset management services
  • Energy Related Financing with corporate finance solutions for clients seeking to buy or sell energy assets or to use assets as collateral for financing transactions
  • A complete platform with Lending, Equity and Debt Underwriting capabilities
  • Optimal solutions in the futures, cash and over-the-counter energy markets

Oil 
JPMorgan is a leading market maker in most global crude oil and refined product markets. We focus on providing our clients with a best in class advisory, risk management and execution service. As one of the world's premier energy investment banks providing leading M&A, debt and equity underwritings, we have combined energy risk management expertise to provide our corporate and investor clients with fully integrated corporate finance solutions.

We provide swaps, vanilla options and exotic structured derivatives on the following benchmarks:

  • Crude oil:
    • WTI, IPE Brent, Dated Brent, Dubai, Urals and JCC (Japanese Crude Cocktail)
  • Refined products:
    • Light ends (gasoline, naphtha), Middle Distillates (gasoil, diesel, jet), Fuel Oil (high sulphur, low sulphur)

Power   

  • Top Tier player in the electricity derivatives and risk management marketplace
  • Power supply and risk management services to utilities, municipalities, competitive suppliers and other wholesale customers in North America.  We have executed a broad range of transactions, including full-requirements supply, fixed load shapes, options and congestion or basis products.
  • With experience optimizing energy assets across the energy value chain, JPMorgan offers a front-to-back solution for third-party owners to extract value from their energy assets. We have expertise in: logistics, such as deal clearing, scheduling and settlements; commercial services, such as asset dispatch and implementation of optimization strategies; deal execution and credit-enhancing counterparty intermediation; risk management; and risk reporting and commodity accounting.
  • In the European marketplace JPMorgan is an active participant in most of the liquid physical and financial power markets, including Germany, France, UK and Nordpool. With our sophisticated operations platform, we have developed expertise in moving electricity across most European cross border transmission networks. We have executed a broad range of sophisticated derivative transactions, including cross-commodity power spreads (Coal/Power, Gas/Power), short-term options, integrated tolling contracts and asset based financing.

Natural Gas     

  • Leading market maker in swaps and options
  • Significant presence in NYMEX futures and options
  • Extensive geographic basis trading capability with over 40 locations actively traded in North America
  • Manage physical gas storage both physically and financially
  • Active short & long term physical and financial traders in most European gas hubs (UK NBP, Zeebrugge and TTF). We also provide risk management solutions to North Sea physical gas producers, UK and continental utilities and major gas consumers (steel, ceramics, gas and fertilizer industries)
  • Work with JPMorgan principal investments group to identify potential physical asset (storage, upstream assets, transportation) investment

Coal and Emissions  

  • Financial Coal Swaps, including API#2, API#4, Newcastle, PRB and Central Appalachian
  • Emissions (physical and financial) allowances including EUA, CER, SO2and NOx

 Contact us for additional information  

London 
+00 44 20 7777 4005  
energy.london@jpmorgan.com

 

Singapore 
+00 65 6882 2099 
energy_asia@jpmorgan.com

New York 
+1 212 834 2030 
energy_ny@jpmorgan.com

   

Market Leadership

  • Energy, Mining and Utilities Financial Advisor of the Year (Financial Times & Mergermarket, 2008)
  • Derivatives House of the Year (Risk, 2008)
  • Derivatives Research House of the Year (Risk, January 2007)
  • Energy Derivatives House of the Year (Risk, January 2007)
  • Best Derivatives House over the past twenty years (Risk, 2007)
 

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