Method for estimating the value of trading contracts of oil companies, taking into account price volatility
UDC: 338.516.4
DOI: 10.33285/1999-6942-2022-8(212)-24-28
Authors:
SMOLIN SERGEY E.
Keywords: trading contracts, volatility of oil prices, value-at-risk (VaR) methodology, oil pricing
Annotation:
The article deals with the problem of the need to adjust the value of trading contracts of oil companies until their expiration under the influence of changes in the prices of crude oil and oil products. This problem is caused by the high volatility of oil prices and the long-time procedure of concluding/adjusting of trading contracts. As a result, this can lead to both a decrease in efficiency and a disruption of the supply stability. The article proposes a method developed by the author to minimize such adjustments by initially estimating the value of contracts, taking into account the volatility of oil prices.
Bibliography:
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