Title: Energy Trading & Hedging : A Nontechnical Guide Author: Tom Seng ISBN: 1593704747 / 9781593704742 Format: Hard Cover Pages: 169 Publisher: PennWell Year: 2019 Availability: In Stock
Description
Contents
This book focuses primarily on the energy products that are financially traded on the New York Mercantile Exchange: crude oil, natural gas, unleaded gasoline, and heating oil. These commodities are the most common ones used for hedging energy commodity risk. Each of these products has a profound effect on the United States and international economies. It discusses several of the factors that influence energy price direction, the financial instruments used in the market, and how commercial entities utilize these instruments to hedge the risks inherent in energy production and consumption, such as price and physical risk. It also addresses the use of energy financial derivatives strictly for profit (speculative trading) and the exchanges that make efficient and competitive trading possible. The physical cash market is addressed along with the major industry publications that produce market prices, known as postings or indexes. Additionally, the book briefly discusses technical analysis, using charts to identify price trends and predict directional changes. Finally, the book discusses the need for stringent controls on the trading of financial energy derivatives to avoid some of the more notorious pitfalls that have led to the collapse of major global companies and institutions.
Features and Benefits
Supply / Demand Fundamentals
Market overviews (financial and physical)
Contracts
Derivatives
Technical Analysis
Risk Controls
Audience
Field level personnel
Management
Energy lending and finance professionals
Anyone who seeks to understand how, or relies upon, energy markets
Students
Acknowledgments
Introduction
Chapter 1 : Supply/Demand Fundamentals for Energy Prices Chapter 2 : Oil and Natural Gas Cash Markets Chapter 3 : Financial Energy Commodity Markets Chapter 4 : The New York Mercantile Exchange Chapter 5 : Mechanics of Futures Markets Chapter 6 : Using NYMEX Contracts for Trading and Hedging Chapter 7 : Financial Energy Derivatives : Swaps Chapter 8 : Financial Energy Derivatives : Spreads Chapter 9 : Financial Energy Derivatives : Options Chapter 10 : Technical Analysis Chapter 11 : Risk Controls in Energy Commodity Trading and Hedging
Appendix A : EIA's "Weekly Petroleum Status Report: Highlights" for Week Ending January 25, 2019
Appendix B : EIA's "Weekly Natural Gas Storage Report" for Week Ending January 25, 2019
Appendix C : Energy Markets Risk Management Glossary