Crude oil
Refiners feel the squeeze
While crude oil prices have undergone a 70% decline since July, gasoline has dropped by 75%, taking the crack spread into negative territory. Eric Fishhaut of GlobalView Software looks at this unusual phenomenon
Crude oil volatility shocks and stock market returns
Research Papers
Flight plan
British Airways' Group treasurer, George Stinnes, talks to Alexander Campbell
Petrochemicals firms take a stand against oil price volatility
Many petrochemicals firms are seeking to reduce price volatility through hedging, given that the cost of crude oil is strongly influencing the price of petrochemical products. GlobalView Software looks at the figures behind the trend
Crude oil takes a double hit
Mark Powell of GlobalView Software looks at how crude prices are being affected by the impending war with Iraq and the general strike in Venezuela
Fighting oil volatility
Oil cartel Opec froze its production output level at its last meeting in September. With war in Iraq on the cards, Shifa Rahman reports on the future of oil volatility
After the swashbucklers
PETROLEUM
Mean-reverting smiles
Commodity markets such as crude oil exhibit mean reversion as well as option smiles. The authors construct a model suitable for pricing exotic options in these markets