Energy Price Risk

Contents: Foreword. Preface. 1. Risk management. 2. Energy derivatives markets: On-exchange and off-exchange. 3. Energy futures contracts. 4. OTC energy and related derivative markets. 5. Options -- trading and hedging application strategies. 6. Energy option pricing -- which models are used? 7. Value at risk and stress testing. 8. Questions to ask when establishing a risk management or trading program. 9. Management controls. 10. An eavesdropper’s guide to hedging. 11. Operational risk. 12. Derivatives contracts application listing and some hedging scenario examples. 13. Risk management process and policy creation guidelines. 14. Applied technical analysis in the energy markets. 15. After Enron -- a practical guide to credit control and risk mitigation methods. 16. Finance in energy. 17. OTC derivatives legal risk control and documentation. 18. International accounting standards for derivatives. 19. Glossary of terms. Appendices. Index.

Energy Price Risk is the practitioner’s guide to optimizing company performance using the correct price risk strategies and tools. It will help you put in place the management controls and reporting structures necessary to ensure that your hedging or trading programme achieves its goals and does not add unexpected or unwanted risk to your firm.

Inspired by the success of the courses Tom James runs in global energy and commodities trading and price risk management, the book includes a wealth of practical examples and covers the full spectrum of the energy complex, including crude oil, petroleum products, natural gas, LPG/LNG and electricity.