Energy Risk Management: Hedging Strategies and Instruments for the International Energy Markets - Hardcover

Fusaro, Peter C.

Hardcover

ISBN 10: 0786311843 ISBN 13: 9780786311842

Publisher: McGraw-Hill, 1998

Synopsis

Energy deregulation, privatization and competition are a hot international topic. Professionals in this field understand the importance of hedging their financial risk, but are often unclear how to do so. The result is that either they take undue and unwarranted risk or they shy away from futures and derivatives investments that could improve their financial position while preventing substantial losses. Energy Risk Management is the first book to address the important issues of worldwide energy price risk management. Peter C. Fusaro has assembled the leading industry figures to explain general theories and practices for hedging risk, and specific methods to effectively manage risk in markets such as coal, natural gas, electricity, hydropower and others. Topics include: The ABCs of energy financial instruments - How to use hedging tools like futures and options, forwards and spreads; Energy securitization - Ways to securitize oil and gas production, and project finance implications; The future of energy price risk management - Globalization of energy markets, and an integrated approach to managing all risks. Energy professionals and investors worldwide require information to clarify risk management concepts and applications that are new to them. Energy Risk Management steps into that void, providing proven hedging strategies in non-technical language that simplifies this intimidating topic.

About this title

About the Author

Peter C. Fusaro is Senior Vice President, Energy Consulting, for ABB Financial Services. Over the past 20 years he has worked for such energy organizations as Petroleos de Venezuela and the U.S. Department of Energy. Fusaro has also written numerous articles for energy trade journals, and he recently completed a comprehensive study that covered the application of risk management for electric power markets.

From the Back Cover

Price Protection Strategies for Today's Wide-Open Energy Markets. In today's volatile financial and political climate, oil, gas, and electricity must be treated as money - complete with the same risks and opportunities. Financial derivatives have become a fact of life for both suppliers and end users, as a tool for hedging against sudden and sharp price fluctuations. As competition drives the need to utilize every financial tool available, Energy risk Management is the first comprehensive introduction and overview to the complex field of energy derivates. Respected and influential experts from NYMEX, IPE, FIMAT futures, and more join with Fusaro to provide detailed explanation and instructions on: Trading difference between the U.S. European, and Asian markets; How value-at-risk can be invaluable for energy decision makers; The effect of speculators on the viability of the risk management arena. Risk management knowledge has become a necessary competency for today's energy industry executives. Energy Risk Management delivers in-depth analysis of worldwide energy commoditization trends and, just as important, details classic hedgin strategies for this burgeoning market. Futures, and more join with Fusaro to provide detailed explanation and instructions on: Trading difference between the U.S., European, and Asian markets; How value-at-risk can be invaluable for energy decision makers; the effect of speculators on the viability of the risk management arena. Risk management knowledge has become a necessary competency for today's enerfy industry executives. Energy Risk Management delivers in-depth analysis of worldwid energy commoditization trends and, just as important, details classic hedging strategies for this burgeoning market.

Edition details

• Publisher: McGraw-Hill
• Publication date: 1998
• Language: English
• ISBN 10: 0786311843
• ISBN 13: 9780786311842
• Binding: Hardcover
• Edition number: 1
• Number of pages: 256