Oil prices soared to uncharted highs last year — only to plunge to five-year lows. In the first half of this year they plummeted — then shot back up at the fastest rate seen in a decade. Couple this unprecedented volatility with the global credit crisis, and it means every company with exposure to oil prices has been forced radically to reassess previously well established processes — from who they can trade with to any longer term ideas of price.
There has also been a marked reduction in the number of institutions offering risk management tools to the market, as they are unable to extend those services to the market place through lack of credit. Unsurprisingly, credit and counterparty risk top the list of concerns among energy professionals when talking about managing costs.
Such financial and liquidity concerns in the current market environment all serve to highlight the need for effective risk management strategies. It’s imperative to be informed — and connected. Platts Managing Oil and Energy Risk conference will bring together key decision makers from across the European oil and gas majors, financiers, commodity traders, rating agencies, stock exchanges, governments and regulatory bodies, to examine the issues and challenges at the heart of current European oil debate.
Platts Managing Oil and Energy Risk conference will provide attendees with an unrivalled opportunity to:
- Discuss exposure analysis and derivative instruments that are being used today
- Explore basis risk and multiple risk trading portfolios
- Measure hedge effectiveness
- Learn about compliance and regulatory issues that are affecting real businesses in the current environment
- Understand the difference between the dynamics of derivatives
- Gain insight into the methodologies used to safeguard the integrity of physical benchmarks on which derivative pricing depends |
