PrintOverview
Energy is being consumed at every hour of the day everywhere on earth. Thus, energy commodities are being bought and sold constantly to fill this demand. When we are talking about prices for the actual physical production and consumption of natural gas and crude oil, we are talking about the "cash" market. In this lesson, we will explore the ways in which cash prices are established in the physical marketplace, the fundamental factors that impact them, historical pricing, the main publications that report these prices, and the methodologies they use to collect the data.
Learning Outcomes
At the successful completion of this lesson, students should be able to:
- Gain a sense of historical natural gas “cash” market pricing
- Understand the methodology for cash price determination
- Become familiar with key industry pricing publications and their uses
- Inside FERC
- Gas Daily
- OPIS Price Reports
- Review historical price trends
- Discover online price data resources
What is due for Lesson 6?
This lesson will take us one week to complete. There are a number of required activities in this module. The chart below provides an overview of the activities for Lesson 6. For assignment details, refer to the location noted.
All assignments will be due Sunday, 11:59 p.m. Eastern Time.
REQUIREMENT | LOCATION | SUBMITTING YOUR WORK |
|---|---|---|
| Reading Assignment: Chapter 9 | Errera & Brown | No submission |
| Mini-lecture: Pricing - Physical Natural Gas & Crude Oil | Mini-lecture: Pricing - Physical Natural Gas & Crude Oil page | No submission |
| Lesson 6 Activity | Lesson 6 Activity page | No submission |
| Discussion forum participation | Course Blog | Submitted through the course blog |
Questions?
If you have any questions, please post them to our Questions? discussion forum (not e-mail), located under the Communicate tab in ANGEL. The TA and I will check that discussion forum daily to respond. While you are there, feel free to post your own responses if you, too, are able to help out a classmate.