Foundations of Energy Risk Management An Overview of the Energy Sector and Its Physical and Financial Markets

by Unknown

• ISBN13: 9780470421901
• ISBN10: 0470421908
• Edition: 1st
• Format: Paperback
• Copyright: 2008-11-10
• Publisher: Wiley

Summary

GARP's Fundamentals of Energy Risk Management introduces investors to the basic components and some of the basic terminology used in the energy industry. It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded. It also introduces certain risk management fundamentals and real option thinking. The book is GARP's required text used by risk professionals looking to obtain their Certificate in Energy Risk Management.

Author Biography

The Global Association of Risk Professionals (GARP) is a not-for-profit association consisting of 74,890 individuals around the world who are involved in financial risk management. Members come from more than 100 countries and work in regional and global banks, asset management firms, insurance companies, central banks, securities regulators, hedge funds, universities, large industrial corporations and multinationals.

Table of Contents

Introduction

GarpG+&s Certificate In Energy Risk Management

GarpG+&s Foundations Of Energy Risk Management Course Specification

Syllabus And Learning Outcomes

User Guide

The Energy Cycle

Introduction

Exploration

Production Or Extraction

Processing

Transportation And Storage

Refining

Distribution

Integrated And Specialty Companies

Risks In The Energy Cycle

Overview

Market Risk

Credit Risk

Operational Risks

Liquidity Risk

Political And Regulatory Risk

Price Risk And Credit Risk

Integrated Vs. Specialty Companies

Common Risk Management Tools

Volatility And Energy Risk Management

World Energy Use

Overview

Energy Intensity

Energy Consumption By End-Use Sector

Major Sources Of Energy

Overview

World Crude Oil

Production

Consumption

Oil Reserves

Factors Influencing World Oil Markets

Factors Influencing Crude Oil Prices

Refined Crude Oil Products

World Natural Gas

Production

Consumption

Natural Gas Reserves

Factors Affecting Gas Markets

Factors Affecting Natural Gas Prices

World Lng

Recent Developments

The Lng Market

Coal

Production

Reserves

Consumption

Coal To Liquid Fuels (Ctl)

Power / Electricity

Power Generation

Basic Technical Fundamentals Of Power

The Markets For Energy Products

Introduction

The Physical Markets

Spot Markets

Crude Oil Spot Markets

Crude Oil Forward Markets

Physical Gas Markets

The Financial Markets

Organization Of Financial Markets

Financial Derivatives

Basis Risk

Speculation, Arbitrage And Hedging

The Relationship Between The Physical And Financial Prices

Emission Trading

Emission Trading Programs

Emission Trading In The United States

Emission Trading In The European Union

Kyoto Protocol

Real Options In The Energy Market

Glossary

Index

Acknowledgements

Table of Contents provided by Publisher. All Rights Reserved.