a dynamic hedging approach for refineries in multiproduct oil

A dynamic hedging approach for refineries in multiproduct oil

At the same time, the refinery initiates a long hedge in crude oil and short hedges in petroleum products in futures market. Next production period, if the price increases for crude oil exceed petroleum products, the refinery will lose in spot market by buying crude oil and selling petroleum products.

Get Price
a dynamic hedging approach for refineries in multiproduct oil

A dynamic hedging approach for refineries in multiproduct oil

A dynamic hedging approach for refineries in multiproduct oil markets. Author links open overlay panel Qiang Ji Ying Fan. Show more

Get Price
a dynamic hedging approach for refineries in multiproduct oil

A dynamic hedging approach for refineries in multiproduct oil

Request PDF | On Feb 1, 2011, Qiang Ji and others published A dynamic hedging approach for refineries in multiproduct oil markets | Find, read and cite all the research you need on ResearchGate

Get Price
a dynamic hedging approach for refineries in multiproduct oil

A Dynamic Hedging Approach for Refineries in Multiproduct Oil

Therefore, the empirical results prove that application of the DCC-ECM-MVGARCH model for hedging of oil market portfolio can play an important role in avoiding the double risk of crude oil and oil product markets for refineries.

Get Price
a dynamic hedging approach for refineries in multiproduct oil

A dynamic hedging approach for refineries in multiproduct oil

Ji, Qiang & Fan, Ying, 2011. "A dynamic hedging approach for refineries in multiproduct oil markets," Energy, Elsevier, vol. 36(2), pages 881-887.Handle: RePEc:eee

Get Price
hedging downside risk of oil refineries: a vine copula approach

Hedging downside risk of oil refineries: A vine copula approach

1 Multiproduct hedging involves the use of multiple futures contracts to hedge expo-sures to price risks in multiple commodities. Inthisstudy, crude oil,gasoline,and heating oil futuresare usedsimultaneouslytohedge there铿乶ingcompany'sexposures to adverse price movements in the crude oil, gasoline, and heating oil spot markets. In contrast

Get Price
hedging downside risk of oil refineries: a vine copula approach

Hedging downside risk of oil refineries: A vine copula approach

The refinery may hedge against the downside risk of unfavorable price movements using crude oil, gasoline, and heating oil futures. This paper examines the use of a vine copula approach to estimate multiproduct hedge ratios that smallmize the downside risk of the refinery.

Get Price
energy | vol 36, issue 2, pages 709-1378 (february 2011

Energy | Vol 36, Issue 2, Pages 709-1378 (February 2011

select article A dynamic hedging approach for refineries in multiproduct oil markets. ... A dynamic hedging approach for refineries in multiproduct oil markets.

Get Price