This book offers a simplified, clear, and logical explanation of risk and hedging in oil trading built up from basics. It provides techniques to identify and manage risk-legal risk, operational risk, financial risk, moral risk, etc.-in oil trading with the key chapters discussing price risk and hedging. Written by an industry expert with real-world experience and featuring examples based on real trades, the book allows readers to understand the principles and applications without being overwhelmed or misled by jargon and assumptions, and will be of interest to commodity traders, investment…mehr
This book offers a simplified, clear, and logical explanation of risk and hedging in oil trading built up from basics. It provides techniques to identify and manage risk-legal risk, operational risk, financial risk, moral risk, etc.-in oil trading with the key chapters discussing price risk and hedging. Written by an industry expert with real-world experience and featuring examples based on real trades, the book allows readers to understand the principles and applications without being overwhelmed or misled by jargon and assumptions, and will be of interest to commodity traders, investment bankers, risk managers, and anyone looking to gain further knowledge about oil market risks and hedging.
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Autorenporträt
Chris Heilpern has 30 years of experience in oil markets working for an oil major, a top trading house, and major investment banks where he traded tens of millions of tons of crude oil, refined products, and derivatives. He currently works as a commodity professor at top French business schools and an oil markets trainer to companies throughout the world alongside his consulting work to oil majors, trading houses, and top-tier national oil companies providing bespoke advice on markets and trading.
Inhaltsangabe
Chapter 1: Introduction.- Chapter 2: What is Risk?.- Chapter 3: Some, but not All, of the Risks in Trading.- Chapter 4: Managing Risk.- Chapter 5: Price Risk.- Chapter 6: Hedging Price Risk.- Chapter 7: Using Basis Risk as a Trading Strategy.- Chapter 8: Basic Derivatives.- Chapter 9: Futures Contracts and Forward Contracts.- Chapter 10: Options.- Chapter 11: Hedging and Portfolio Risk.- Chapter 12: Conclusion.
Chapter 1: Introduction.- Chapter 2: What is Risk?.- Chapter 3: Some, but not All, of the Risks in Trading.- Chapter 4: Managing Risk.- Chapter 5: Price Risk.- Chapter 6: Hedging Price Risk.- Chapter 7: Using Basis Risk as a Trading Strategy.- Chapter 8: Basic Derivatives.- Chapter 9: Futures Contracts and Forward Contracts.- Chapter 10: Options.- Chapter 11: Hedging and Portfolio Risk.- Chapter 12: Conclusion.
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