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Sessions
Dates Location Tuition Register
Oct 16 - 18, 2018 Rueil 2,490 €
Online By email
Who should attend?

Audience

    • Professionals in the Oil & 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 & Gas price risk management.

Level

  • Proficiency
  • This training provides a better understanding of the principles and techniques for Oil & Gas price risk management.
Learning Objectives
  • Upon completion of the course, participants will be able to:
  • review the ways of evaluating price risk,
  • analyze and manipulate the exchange traded products used for hedging,
  • understand the different over the counter products used in hedging strategies for different Oil & Gas activities.
Course Content

OIL & GAS MARKETS

0.25 day

  • Physical Oil & Gas markets.
  • Markets structures and types of transactions.
  • Price references and pricing mechanisms.

PRICE EXPOSURE & RISK MANAGEMENT

0.75 day

  • Price risk: what is at risk?
  • How to monitor it?
  • How to mitigate the risk: definition of hedging.
  • How to account for the risk: Mark to Market and Value-At-Risk.

EXCHANGE TRADED PRODUCTS: FUTURES

0.75 day

  • Exchanges and their organization: NYMEX, ICE.
  • Main Futures contracts.
  • Electronic trading.
  • Hedging using Futures.
  • Basis risk and hedging imperfections.
  • Taking advantage of the market structure (contango, backwardation).

OTHER DERIVATIVE INSTRUMENTS: FORWARDS, SWAPS & OPTIONS

0.75 day

  • Forward contracts.
  • Swaps.
  • Clearing OTC Transactions.
  • Options: pricing and sensitivities.
  • Options strategies: caps, floors, collars.

HEDGING STRATEGIES

0.5 day

  • Various examples.
  • Case study.
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Ways & Means
  • Selected teaching methods: case studies.
  • Hedging exercises.