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Ryzyko wahań poziomu marż produktowych źródłem zagrożenia dla rozwoju ekonomicznego rafinerii
Authors:
- Natalia Iwaszczuk,
- Bartosz Łamasz,
- Oleksandr Ivashchuk
Abstract
In the article presented the possibilities of using selected hedging option strategies to manage the level of refining margins. The research was the market of crude oil and refined products in the period from January to September 2016. A crack spread 3/2/1 was used as a model refining margin. To protect the margin level, authors of the article decide to choose two different types of spread strategies: a bull spread and a bear spread with different strike prices of options (ATM-2%, ATM and ATM+2%).
- Record ID
- CUT8c3f3a4443f44961ac4c8de9ccce36f6
- Publication categories
- ;
- Author
- Other language title versions
- Crack spread fluctuations as a source of threat for refinery economic development
- Journal series
- Przedsiębiorczość i Zarządzanie, ISSN 1733-2486, e-ISSN 2543-8190
- Issue year
- 2017
- Vol
- 18
- No
- 9, cz. 2
- Pages
- 47-63
- Other elements of collation
- schem.; tab.; wykr.; Bibliografia (na s.) - 63; Oznaczenie streszczenia - Abstr.; Numeracja w czasopiśmie - T. 18, z. 9, cz. 2
- Substantive notes
- Tyt. T. 18, z. 9, cz. 2: Przedsiębiorczość i zarządzanie w rozwoju ekonomicznym
- Keywords in English
- refining margin, crack spread, bull spread, bear spread
- URL
- http://piz.san.edu.pl/index.php?id=200 Opening in a new tab
- Language
- pol (pl) Polish
- License
- Score (nominal)
- 14
- Uniform Resource Identifier
- https://cris.pk.edu.pl/info/article/CUT8c3f3a4443f44961ac4c8de9ccce36f6/
- URN
urn:pkr-prod:CUT8c3f3a4443f44961ac4c8de9ccce36f6
* presented citation count is obtained through Internet information analysis, and it is close to the number calculated by the Publish or PerishOpening in a new tab system.