Oil Prices Risk Management: Methodology and Empirical Analysis

Edited by Jianling Jiao, Yunshu Tang and Yiming Wei ()

in CEEP-BIT Books from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology

Abstract: Since the two major oil crises in the 1970s, energy futures and derivatives markets have developed considerably in pursuit of oil pricing power and the effective control and management of oil price risk. Moreover, the oil‑dollar pricing mechanism has made the financial attributes of petroleum products increasingly prominent, while oil price risk has become more complex. Consequently, the control and management of oil price risk are of great significance to oil producers, consumers, and even oil‑importing countries. This textbook focuses on hot topics related to the measurement of oil price risk and its control and management, employing a combined approach of methodological exploration and empirical analysis, and it also analyzes and summarizes relevant management recommendations. The main contents include the measurement of oil price risk, management instruments for oil price risk such as import procurement strategy optimization, oil hedging decision‑making, oil supply chain optimization, and monetary policy responses to oil price risk.

JEL-codes: Q40 Q54 (search for similar items in EconPapers)
Date: 2014
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