
About
Dr. Ilia Bouchouev is the former President of Koch Global Partners, where he launched and managed the company’s global derivatives trading business for over 20 years. During his tenure, he introduced several energy derivatives products and is widely recognized as one of the pioneers in energy options trading. He is currently Managing Partner at Pentathlon Investments. Dr. Bouchouev holds a Ph.D. in Applied Mathematics, and his areas of expertise include commodity trading, energy economics, and option pricing. He is the author of Virtual Barrels (2023), a book on quantitative oil trading.
Publications

27 April 2025
Myths and Mysteries About Speculation in the Oil MarketThe article provides unique quantitative insights about highly secretive and poorly understood speculation in the oil market. To demystify the behavior of speculators, we look at the problem from five different angles. First, we explain how the presence of large over-the-counter (OTC...