Credit risk is a central pillar of a risk management practice. But during periods of economic turbulence, measuring and monitoring your counterparty’s creditworthiness gains new importance. For instance, a continued low commodity price environment strains suppliers’ ability to produce at a financially viable price. This, in turn, creates uncertainty downstream about their ability to deliver on contracts. The insecurity ripples through the complex web of forward contracts, letters of credit and other arrangements necessary to trade and transport physical commodities in the multibillion-dollar global energy market.