Energy Markets

This course focuses on the major political, technical, and economic factors moving electricity, oil, and gas markets and how these sectors are interrelated. The course evaluates the influences on energy markets of recent developments in OPEC, Petrodollar movements, and Russia's rise as an energy powerhouse, and discusses the increasing role of regulators. It also examines how major market players, such as oil companies, banks and hedge funds, move energy prices and analyzes the impact on fixed income, equity markets and financial institutions. Case studies include BP, Amaranth, and Enron.

24-Nov-2008 -- 25-Nov-2008New YorkUSD$2375
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Mayra Rodríguez Valladares; ] Mon Tue Level: Basic
CPE Credits: 14

Finance analysts and associates, bankers, traders, investment bankers, country officers and commodity finance professionals.
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
None
Articles written by Instructor:
http://www.worldoil.com/magazine/magazine_detail.asp?ART_ID=3149 http://www.worldoil.com/magazine/magazine_searchresults.asp?
Day One - Political, Economic and Technical Influences on Energy Markets

Influential Factors in Energy Markets

  • Overview
  • Economics
  • Politics
  • Technical

Market Players

  • Size of market
  • Role of energy companies
  • Role of hedgers
  • Role of speculators and hedge funds

Oil Sector

  • Characteristics of oil sector
  • Influence of OPEC and emerging oil nations
  • Debate over Petrodollars influence on oil exporting countries and on US fixed income and equity markets
  • Reserves
  • Economics of Exploration and Extraction
  • Refinery economics
  • Financing of oil projects

Gas Sector

  • Characteristics of gas sector
  • Economics of Exploration
  • Role of regulation in the gas sector
  • Financing gas projects

Day Two - Electricity Sector and Energy Players and Regulators

Electricity Sector

  • Oil and gas sources
  • Coal
  • Nuclear
  • Influence of renewables

Energy Trading and Influence on Energy and other Market Prices

  • Energy derivatives and influence on energy and fixed income and equity prices
  • Energy companies', securities firms and hedge funds influence on prices
BP Price Manipulation Case

Regulators and Energy Markets

  • Recent corporate governance and price manipulation scandals
  • SEC
  • Sarbanes-Oxley
Enron and Amaranth Cases

Clients who register for this course will receive a complimentary 6 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 subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

Lunch included for all students taking day classes.