Cutting edge: Minimising risk when hedging crude oil options

In this paper, Christian-Oliver Ewald, Roy Nawar and Tak Kuen Siu study the performance of locally risk-minimising hedging strategies in the context of futures and options written on crude oil. In contradiction to prior research, the authors show it is important to include jumps in the hedging framework

Oil refinery

The hedging of derivative securities is a central problem in finance and has been studied extensively by both academics and market practitioners. In a complete market, all contingent claims can be perfectly hedged and the main question is how the perfect hedge can be computed. However, in an incomplete market, many derivative securities cannot be perfectly hedged – that is, exactly replicated by self-financing strategies. The hedging problem becomes more challenging. Different hedging approaches

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Chartis Energy50 2023

The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it

2021 brings big changes to the carbon market landscape

ZE PowerGroup Inc. explores how newly launched emissions trading systems, recently established task forces, upcoming initiatives and the new US President, Joe Biden, and his administration can further the drive towards tackling the climate crisis

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