Trading in oil futures and options is an introduction to price risk management in the worldwide oil industry. With numerous practical examples, it requires no prior knowledge and should be read by everyone involved in the industry.
Although aimed primarily at those new to risk management it will also provide a useful theoretical background to more experienced managers and it will show those in other markets how the oil industry uses futures and other derivatives.
This book concentrates on all the risk management tools available to everyone from crude oil producer to refined product consumer and explains the theory of futures, exchange options and over the counter trading.
Risk managers in the oil industry
Table of Contents
The development of the world oil industry; Oil refining; The markets; Entering the futures market; Strategies in futures trading; Options; Over-the-counter instruments; How the oil industry can use the futures markets; Technical analysis.
Sally Clubley works as an oil price consultant specialising in price risk management. She is a frequent lecturer at the College of Petroleum and Energy Studies in Oxford and elsewhere, and also runs in-house training programmes. For several years she was divisional director at E D & F Man International and was on the Board of the International Petroleum Exchange.