Commodity Textbooks

· 1 min read [ commodities ]

Overview

Very useful books. But as we all know, the real alpha is on $\mathbb{X}$ and not in books.

Everything - HC Commodities
Oil & Ags - Strong Source
Shipping - Vonheim
Power - Transmission (Modo), Energy Gang (WoodMac), Catalyst (Energy Impact Partners)

These cover different areas of commodities.

Geman - Commodities and Commodity Derivatives: Everything, but old, written in 08. New version please! Love the ags and metals section. Don’t know if any other book covers so much breadth.
Kaminski - Energy Markets: Only oil, gas and power. However, very USA-centric. Strong focus on domestic American gas and power. Author is ex-Enron ex-Citadel.
Trafigura - Commodity Trading Demystified: Good for understanding the role of physical trading in the commodity supply chain.

Downey - Oil 101: A nice high level overview.
Leffler - Non-technical Guides: More for pure technicals; refineries, pipelines, exploration, etc. Not so much markets.

Glachant - Handbook on Electricity Markets: A high level in-depth overview of the history of markets.
Kirschen - Fundamentals of Power System Economics: A very theoretical micro-economic approach. An example of nodal/congestion pricing I need to go through.
Stoft - Power System Economics: A book on market and policy design. An example of nodal/congestion pricing I need to go through.
Musgens - Energy Trading and Risk Management: A focus on the trading aspect of power from perspectives of various players in the ecosystem.
Mantysaari - EU Electricity Trade Law

If anyone has ideas, please tell me!

If anyone has ideas, please tell me!