EBF 301
Global Finance for the Earth, Energy, and Materials Industries

Summary and Final Tasks

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Key Learning Points: Lesson 6

In this lesson, we addressed the physical cash marketplace that, for the most part, deals with the "here and now." Below are some key points you should have learned in this lesson.

  1. Cash prices reflect physical commodity trading.
  2. “Posted” prices or “Indexes” represent the market price.
  3. Publications poll market participants and calculate “weighted” average prices.
  4. Indexes are posted daily, weekly, monthly.
  5. Three main price publications exist for natural gas.
  6. Two main price publications exists for crude oil & natural gas liquids.
  7. Market price publications are subscription only.
  8. The U.S. Energy Information Administration has extensive current and historical market pricing for natural gas, crude oil and natural gas liquids.

Farid, I am confused by the list below. It appears to be a list of the publications described in the lecture. Perhaps this would be better on the Lecture page directly below the lecture? If not, then a sentence or two that explains what they are. Something like: As we learned in the Cash Prices lecture, there are a number of different publications that we use to determine the pricing of natural gas and crude oil. While copyright laws prohibit me from reproducing copies of their reports, you can click on the links below to see the data and, in some cases, view a sample report.

Platt's Gas Daily

Platt's Inside FERC (pages 6 & 8)

OPIS

ARGUS

Quiz

Log onto Canvas and complete the Lesson Quiz. 

Reminder - Complete all of the lesson tasks!

You have reached the end of this lesson. Double-check the list of requirements on the first page of this lesson to make sure you have completed all of the activities listed there before beginning the next lesson.

In the next lesson, we will delve into the financial "futures" markets, whereby commodity prices can be obtained for future months and years.