8581Average Price Options

Asia options, or average price options, are increasingly being used by oil and gas underwriters. Average price options have a settlement period that more closely follows real-life transactions, as suppliers and consumers buy and sell crude oil or products in the spot month over the course of the option's term. Average price options are used to hedge oil production because production coming out of the ground and used by refiners is somewhat constant. Average price options are also used in jet fuel swaps to reduce basis risk. Basis risk is of great concern in the jet fuel market because of the widespread locational demands of the airline industry.

Solar Stirling Engine Basics Explained

Solar Stirling Engine Basics Explained

The solar Stirling engine is progressively becoming a viable alternative to solar panels for its higher efficiency. Stirling engines might be the best way to harvest the power provided by the sun. This is an easy-to-understand explanation of how Stirling engines work, the different types, and why they are more efficient than steam engines.

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