Oil Markets

---
name: financial-analysis-oil-markets
description: 'Sub-skill of financial-analysis: Oil Markets (+5).'
version: 1.0.0
category: engineering
type: reference
scripts_exempt: true
---

# Oil Markets (+5)

## Oil Markets


- **WTI**: US benchmark crude oil
- **Brent Crude**: International benchmark
- **Dubai/Oman**: Middle East benchmark
- **OPEC Basket**: Average of OPEC member crudes

## Natural Gas Markets


- **Henry Hub**: US benchmark
- **NBP**: UK National Balancing Point
- **TTF**: European benchmark
- **JKM**: Asia Japan Korea Marker

## Electricity Markets


- **Day-Ahead Markets**: Next-day delivery
- **Real-Time Markets**: Immediate balancing
- **Capacity Markets**: Future reliability
- **Ancillary Services**: Grid stability

## Renewable Energy Economics


- **LCOE Trends**: Solar, wind, storage cost trajectories
- **PPAs**: Power Purchase Agreements
- **RECs**: Renewable Energy Certificates
- **Grid Parity**: Competitiveness analysis

## Carbon Markets


- **EU ETS**: European emissions trading
- **RGGI**: US Northeast carbon market
- **Voluntary Markets**: Carbon credits and offsets

## Key Energy Finance Metrics


- **LCOE**: Levelized Cost of Energy
- **IRR**: Internal Rate of Return
- **NPV**: Net Present Value
- **Spark/Dark Spreads**: Generation margins
- **Crack Spreads**: Refining margins