Over at the Learning Corporate Finance Blog, I posted a new free online course on risk management within the Oil, Gas and Petrochemical.
A short six session introduction to a risk management framework for the Oil, Gas and Petrochemical industry focused on managing crude oil price volatility for Oil refiners, Polymer and PVC manufacturers and Power Plant operators with partial fixed price tariffs and no government subsidies. While the course builds up from basic discussion on policy, data and models, it also introduces the concept of margin shortfall analysis as a tool for tracking, managing and hedging volatility in crude oil prices.
If you are looking for more coverage on understanding exposure to oil, its correlation with other commodities, the change in that correlation over time and possibly fair price of oil, please see the following sections
- Euro and Oil outlook – Trailing correlation between crude oil prices and Euro-USD exchange rates | Crude, Oil & Energy Insights
- Crude Oil price outlook – Is oil fairly priced now or still expensive. Or what can a barrel of oil buy – part ii | Crude, Oil & Energy Insights
- Crude Oil Trading – Trading USO | Crude, Oil & Energy Insights
- Crude Oil Price outlook – Detecting mispricing in precious metals and crude oil using trailing correlations | Crude, Oil & Energy Insights
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Scheduled for 18th March 2010 at the Dusit Thani in Dubai.