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Price Risk Management in Energy Markets

3 days GIP/PRM
  • Professionals in the oil and gas industries impacted by the volatility of oil or gas prices: producers, marketers, refiners
  • Purchasing, planning and finance departments of energy consumers
  • Professionals from the bank sector who need to understand the specificities of oil and gas price risk management
  • To provide a better understanding of the principles and techniques for oil and gas price risk management
Learning Objectives
  • Upon completion of the course, participants will be able:
  • to review the means of evaluating price risk
  • to analyze and manipulate the exchange traded products used for hedging
  • to understand the different over the counter products used in hedging strategies for different oil and gas activities
Ways and means
  • Selected teaching methods: case studies
  • Hedging exercises

Oil & gas markets 0.25 day
  • Physical oil and gas markets
  • Markets structures and types of transactions
  • Price references and pricing mechanisms
Price exposure & hedging principles 0.75 day
  • Price risk: how to evaluate it?
  • Definition of hedging
  • Hedging instruments
  • Mark to Market and Value-At-Risk
Exchange traded products 0.75 day
  • Futures and options contracts
  • Exchanges and their organization: NYMEX, ICE
  • Hedging using Futures
  • Market structure (contango, backwardation)
  • Options: pricing and sensitivities
  • Basis risk and hedging imperfections
Over the counter products simulation of futures and options trading 0.75 day
  • Forward contracts
  • Swaps
  • OTC options: caps, floors, collars
  • Options strategies
  • Electronic trading
Hedging strategies 0.5 day
  • Various examples
  • Case study
2016 course calendar
Language Dates Location Tuition Register
Oct 25 - 27 Rueil €2,225 Online