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Description of Crude Oil Hedging

As the variety of energy contracts has grown, so potential energy risk management strategies have proliferated. As a professional operating in the energy and power markets, you need an objective guide to the benifits of the growing family of instruments - and one that is based on performance.

Crude Oil Hedging: Benchmarking Price Protection Strategies, is the first in a series of special reports for the Energy & Power markets enabling you to compare five principal oil hedging techniques.

Key Features:

- Analysis of the rationale behind five core hedging stategies

- Detailed quantitative assessments of each stategy 's costs and benefits using unique market data 1991-1997

- Discussion and objective analysis of innovative self-insurance strategies

- Price correlations and liquidity effects on Nymex vs IPE

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Title Information

ISBN:

9781899332311

Pages:

106 pages

Format:

Paperback

Product Code:

10397

Publisher:

Risk Books

Published:

01/01/1970

Edition:

1st Edition

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Contents of Crude Oil Hedging

1. Hedging Instruments

2. Purposes of hedging crude oil
Volatiliy reduction
Hedge gain maximisation and other extensions of risk management
Speculation versus hedging
Portfolios

3. Five Hedging Strategies
Pure futures strategies
Pure options strategies
Options ombination
Exotic(Asian) Option Strategies
Insurance Strategies

4. Market Liquidity
Concepts
Measurements

5. Market Depth
Results
Bid-ask spread calculations
Interpretation
Market Depth Calculation

6. WTI and BRET: Who Leads? Who Lags?

7. Correlations and Hedging Effectiveness