Integrated system of price risks management for the oil and gas industry of the Russian Federation

Abstract

Purpose: The article is devoted to development of a system of price risks management for the oil and gas industry of the Russian Federation. Discussion: Financial derivatives may be used in different time frames with different ways. Within the system there is proposed to use future contract in kind of trading instrument for funding the system at the shortterm period, whereas at the medium-term period there is proposed to use option contracts for medium-term hedging. Results: Author considers an integrated system within which financial derivatives are used as an instrument of price risk management for funding the system itself and medium-term risks hedging.