Editor's letter – Assessing geopolitical risk
Geopolitical turbulence, economic gloom and regulatory uncertainty were undoubtedly the major themes for energy markets in 2011 and continue to present major challenges for risk managers this year. Against this backdrop, we publish our much-talked-about Commodity Rankings 2012. The main story regarding dealers this year was the usual battle for first place between Morgan Stanley and Goldman Sachs. For brokers, there were some new entrants, most notably a couple of boutique brokerages that broke
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