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An Intensive 5-Day Online Training Course

The Global Energy Markets & Management of Financial Risk

DATES

04 - 08 Sep 2022 Live/Online US $ 2400 Enroll now
04 - 08 Sep 2023 Live/Online US $ 2950 Enroll now
INTRODUCTION

Global Energy Markets are extremely volatile, as a result, management of the associated financial risks is vital to ensure profit maximization.

This online training course is designed to give participants an in-depth understanding of global energy markets and the skills to manage financial risks caused by volatility.

Through participation is energy related case studies delegates will develop models to forecast energy and forward / futures prices and recommend appropriate energy-related derivatives to hedge and manage the risks

Participants attending the Global Energy Markets & Management of Financial Risk online training course will develop the following competencies:

  • Analytical Skills – examining volatility in Energy Markets
  • Financial Modeling – analyzing and forecasting energy prices and forward/future prices
  • Risk Management Techniques – developing an understanding of energy-related derivatives
  • Decision Making Skills – balancing risk with return
PROGRAMME OBJECTIVES

 This Global Energy Markets & Management of Financial Risk online training course aims to enable participants to achieve the following objectives:

  • Estimating and calculating volatility in energy prices
  • Develop Financial Models to analyse and forecast energy prices and forward/future prices
  • Understand the nature of Derivatives – Forwards, Options, Futures & Swaps
  • Recommending appropriate energy-related derivatives
  • Improved Decision Making Skills balancing risk with return

 

TRAINING METHODOLOGY

The Global Energy Markets & Management of Financial Risk online training course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies. Delegates will be encouraged to participate actively in relating the principles of risk management to the particular needs of their workplace.

 

PROGRAMME SUMMARY

The Global Energy Markets & Management of Financial Risk online training course is designed to give participants an in-depth understanding of global energy markets and the skills to manage financial risks caused by volatility, enabling benefits to be transferred to their workplace

PROGRAMME OUTLINE
Day 1:  Global Energy Markets & Price Volatility
  • The Energy Markets
  • The Impact of Economic, Financial & Geopolitical Events on Energy Prices
  • The Impact of Seasonality on Global Energy Markets
  • Energy Futures Markets
  • Energy Prices and Inflationary Pressures
  • Forecast Energy Demand & Prices
Day 2: An Overview of Financial Risk Management
  • What is Financial Risk Management ?
  • Risk Management Techniques
  • Hedging, Speculation & Arbitrage
  • Derivatives – Forwards & Futures
  • Options
  • Commodity Swaps
Day 3: Option Pricing 
  • Black-Scholes Option Pricing Model
  • Payoffs and Put-Call Parity
  • Option “Sensitivities” (the “Greeks”): Delta and Gamma
  • The Binomial Model and the Valuation of American-Style Options
  • Real Options in Energy Market
  • Power Plants as a Strip of Spark Spread Options; Oil Fields as the Valuation of an Extraction Option
Day 4: Estimating the Price Process in Energy Markets 
  • Historical Volatility: The Term Structure of Volatility (TSOV)
  • Estimating Volatility from Market Prices of Options in Energy Markets
  • Historical or Implied Volatility?
  • Estimating a Mean-Reverting Process
  • Extrapolating Energy Finance
  • VAR and CVAR (Credit Value-at-Risk) in the Energy Industry
Day 5: Energy Derivative Products
  • Commercial Structured Products
  • Categorizing Derivative Products
  • Structuring and Valuing Option Collars
  • Structuring and Valuing Average (Asian) Options
  • Using Vanilla Options to Determine the Value of Volatility
  • Non-Commercial Structured Products
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