Risk Management Framework for the Crude Oil & Petrochemical industry: Course Guide
< 1 min read A short six session introduction to a risk management framework […]
Risk Management Framework – Limits & Control Process
5 mins read time Risk models only have value if they are used effectively […]
Risk Management Framework – Risk metrics & sensitivities
3 mins read time A VaR based model can be extended to frame a […]
Risk Management Framework – Models and Tools
6 mins read time This paper presents an extension of well accepted risk models in the financial services space to the risk management needs of the oil, gas and petrochemical industry in the region. We primarily extend the Value at Risk (VaR) framework and apply it to estimating refinery margins and inventory losses using crude oil price volatility as an input.
Risk Management Framework – Data and Models
3 mins read time Good Data and a first look at models The second […]
Risk Management Framework – Risk Policy
4 mins read time A policy document identifies roles, responsibilities and occasionally the outline […]