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Contents Listing

Foreword by Nassim Taleb.
Preface.
Introduction.
1 Fundamentals of Commodity Spot and Futures Markets: Instruments, Exchanges and Strategies.
2 Equilibrium Relationships between Spot Prices and Forward Prices. 
3 Stochastic Modelling of Commodity Price Processes.
4 Plain-Vanilla Option Pricing and Hedging: From Stocks to Commodities.
5 Risk-Neutral Valuation of Plain-Vanilla Options.
6 Monte-Carlo Simulations and Analytical formulae for Asian, Barrier and Quanto Options.
7 Agricultural Commodity Markets.
8 The structure of metal markets and metal prices.
9 The Oil Market as a World Market.
10 The Gas Market as the Energy Market of the next decades.
11 Spot and Forward Electricity Markets.
12 Commodity Swaptions, Swing and Take-or-Pay Contracts and Real Options in the Energy Industry.
13 Coal, Emissions and Weather.
14 Commodities as a New Asset Class.
Glossary.
References.
Index.