Energy Markets

This interactive course focuses on the major political, technical, and economic factors that move oil, gas, and electricity markets and how these sectors are interrelated. The influence on energy markets of recent developments in OPEC, Petrodollar movements, and Russia's rise as an energy powerhouse will be evaluated. Additionally, how major market players, such as oil companies, banks and hedge funds, move energy prices and how that impacts capital, foreign exchange, and commodity markets and financial institutions will also be analyzed. The use of energy derivatives and the increasing role of regulators in energy markets will be discussed. Case studies will include BP, Amaranth, and Enron. Additionally, recent articles highlighting trends in energy markets will supplement this course.

06-Oct-2010 -- 07-Oct-2010New YorkUSD$2475
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Mayra Rodríguez Valladares; ] Wed Thu Level: Basic

CPE CREDITS
14.0
Investment bankers, equity and credit analysis, junior commodity analysts and traders, along with commodity regulators, auditors, compliance professionals and journalists focused on energy markets and energy derivatives
No advance preparation required.
Students will be able to:
  • Identify key political, technical and economic factors that influence oil and gas sectors and how they are interrelated
  • Evaluate role of OPEC in oil markets
  • Analyze electricity markets and the influence of oil and gas sources, as well as nuclear and coal
  • Compare and contrast roles of key regulators in energy markets
  • Identify key players in energy markets: energy companies, banks, fund managers and hedge funds
  • Compare and contrast different energy derivatives used in global markets
None
"Good introduction to energy markets."
"Mayra is very knowledgeable about this topic and presents that knowledge effectively."
"This is an excellent class with good content and a very good teacher."
  • Derivatives in Energy Markets
    • Articles written by Instructor:
    http://www.worldoil.com/magazine/magazine_detail.asp?ART_ID=3149
    Session 1: Influential Factors in Energy Markets
    • Identify the different types of energy markets
    • Evaluate influences on energy prices
    • Evaluate the influence of energy trading on energy prices

    Session 2: Market Players

    • Identify key players in energy markets
    • Evaluate the role of: energy companies, government and quasi-governmental entities, banks, hedgers, speculators
    • Recent articles for discussion

    Session 3: Oil Sector

    • Define the characteristics of the oil sector and traded markets
    • Debate influence of OPEC and emerging oil nations
    • Describe Petrodollars influence on oil exporting and importing countries and on US capital, FX and commodity markets
    • Identify the key components of the oil sector: reserves, economics of exploration and extraction, refinery economics, financing of oil projects
    • Recent articles for discussion

    Session 4: Gas Sector

    • Define the characteristics of the gas sector and traded markets
    • Identify the key components of the gas sector: reserves, production, storability and risks, financing of gas projects
    • Compare and contrast role of regulation of gas and oil sectors

    Session 5: Electricity Sector

    • Define the characteristics of the electricity sector and traded markets
    • Identify the key components of the electricity sector: supply source, generation, distribution
    • Evaluate role of regulation in the electricity sector

    Session 6: Risk Management in the Energy Sector

    • Define risk
    • Identify steps to risk management
    • Evaluate nature of: credit, market, operations, and legal risk in energy companies and in companies that trade energy derivatives

    Session 7: Energy Trading and Derivatives

    • Define forwards
    • Evaluate mechanics of an energy forward
    • Compare and contrast advantages and disadvantages of commodity forwards
    • Identify energy futures' mechanics
    • Describe how futures are transacted
    • Identify characteristics of NYMEX
    • Compare and contrast forwards and futures
    • Evaluate risks with futures
    • Define an energy swap
    • Identify mechanics of a swap
    • Evaluate how market participants use a swap
    • Compare and contrast advantages and disadvantages of swaps
    • Recent articles for discussion

    Session 8: Regulators and Regulatory Issues

    • Define corporate governance
    • Evaluate role of the SEC in the energy sector
    • Debate advantages and challenges to Sarbanes-Oxley's influence on the energy sector

    Clients who register for this course will receive a complimentary 3 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process and are limited to one per client. For questions about your subscription, call 800-628-8088 or email uscirculation@ft.com. U.S. enrollees only. (All non-U.S. enrollees will receive a subscription to FT.com only.) Lunch included for all students taking day classes.

    Lunch included for all students taking day classes.