Derivative tools and possible application to Vietnamese companies operating in the oil and gas sector
Abstract
Derivative tools help oil and gas companies in the world reduce the risks against changes in prices of crude oil, gas and related products. This paper introduces the derivative tools which are currently used in the oil and gas sector, analyses challenges and applicable chances for Petrovietnam‘s subsidiaries. Based on the analysis, the authors also recommend some specific implications for Petrovietnam to response when the derivative market for oil and gas sector is opened in Vietnam.
References
2. Jeff Bailey. Southwest Airlines gains advantage by hedging on long-term oil contracts. The New York Times. www.nytimes.com. 2007.
3. Jeffrey Dastin. United Airlines closes out fuel hedges, sees hedge losses near $1 bln. www.reuters.com. 2015.
4. EIA. Derivatives and risk management in the petroleum, natural gas, and electricity industries. www.hks. harvard.edu. 2002.
5. David Haushalter. Why hedge? Some evidence from oil and gas producers. Journal of Applied Corporate Finance. 2001; 13(4): p. 87 - 92.
6. David Haushalter. Financing policy, basis risk, and corporate hedging: Evidence from oil and gas producers. The Journal of Finance. 2000; 55(1): p. 107 - 152.
7. Peter Morrell, William Swan. Airline jet fuel hedging: Theory and practice. Transport Reviews. 2006; 26(6): p. 713 - 730.
8. Hà Nhân. Jetstar Pacific lỗ 31,2 triệu USD như thế nào? www.tienphong.vn. 2010.
1. The Author assigns all copyright in and to the article (the Work) to the Petrovietnam Journal, including the right to publish, republish, transmit, sell and distribute the Work in whole or in part in electronic and print editions of the Journal, in all media of expression now known or later developed.
2. By this assignment of copyright to the Petrovietnam Journal, reproduction, posting, transmission, distribution or other use of the Work in whole or in part in any medium by the Author requires a full citation to the Journal, suitable in form and content as follows: title of article, authors’ names, journal title, volume, issue, year, copyright owner as specified in the Journal, DOI number. Links to the final article published on the website of the Journal are encouraged.
