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COMMODITIES A Bloomberg Professional Service Offering

ENERGIZE
YOUR
STRATEGY
The Next Generation of
Bloomberg’s Energy Offering
CONTENTS
02 THE EDGE YOU NEED TO NAVIGATE THE ENERGY MARKET
03 BLOOMBERG’S ENHANCED ENERGY OFFERING
03 NEWS & FUNDAMENTALS
04 IN-DEPTH INDUSTRY ANALYSIS & RESEARCH
05 BLOOMBERG NEW ENERGY FINANCE
06 PRICE DISCOVERY
07 ENERGY ANALYSIS
08 CHARTING
09 MAPPING
09 FULLY CUSTOMIZABLE ON LAUNCHPAD
09 BE ON ANYWHERE
10 ENHANCE YOUR WORKFLOW WITH BLOOMBERG
THE EDGE YOU NEED
TO NAVIGATE THE
ENERGY MARKET
Constantly changing energy markets demand superior timing to identify risk,
find value and improve profitability. Our service constantly evolves to help you
develop and execute powerful energy trading and investment strategies. You
can identify, evaluate and seize opportunity faster than ever before.
Find supply and demand models and data as well as comparisons of short and
long-term prices and high-speed weather data, immediately. Use our powerful
analytics and flexible charting to extract meaning from a mass of data. Delve
into our rich analysis and research offering from Bloomberg New Energy
Finance (BNEF) and Bloomberg Intelligence (BI). Set alerts on key news
items, price movements and market events such as refinery or plant outages.
Bloomberg content includes proprietary supply and demand models, LNG flow
data, infrastructure outages and much more. We also aggregate a huge range
of data from worldwide sources. The result is unique market insights that can
lead to profitable trading and investment opportunities.

ENERGIZE YOUR STRATEGY // 02

BLOOMBERG’S ENHANCED ENERGY OFFERING
Oil
Obtain the best news, research, prices, fundamentals, spatial - WATT <GO> combines the Bloomberg Professional® service’s
data and analytical tools to succeed in a market filled with powerful analytics with Genscape’s expansive U.S. power-plant
volatility and risk. monitoring data. Whether you’re estimating intra-state pipeline
- Track all of the related markets that affect oil prices, including burns using ERCOT generation data, or tracking top-line
currency, credit, fixed income and equity markets revenue changes for power producers, WATT <GO> delivers
- Generate trade ideas by using our exclusive, automated unique insight into the U.S. power stack.
calculators and models Renewables & Carbon
- Track oil movements at sea, refinery outages, and spot price Achieve insights into global renewable markets, policy and
differentials emission trading schemes.
- Follow refinery and pipeline outages, storage levels, refinery - Latest information on global emissions markets, regional
economics and netbacks, arbitrage flows and weather to trading, allocation and reduction tools
anticipate diesel, gas oil, heating oil, and jet fuel supply - Bloomberg New Energy Finance premium research and
and demand analysis of electricity and power markets including wind, solar,
- Bloomberg New Energy Finance analysis on the disruptive nuclear, carbon capture and storage, carbon pricing, electric
nature of electric vehicles vehicles, EV batteries, energy storage and efficiency, and more.
Gas - Environmental, Social and Governance data
Access a world of information about natural gas - Wind and solar data sets including pricing and installations
markets, including: - Corporate renewable PPAs
- Outage information and operational data from multiple sources, - Renewable build forecasts and project economics
including REMIT-related transparency sites and critical notices
from pipelines Coal
- Access clean pricing and charting from OTC markets
- Generation fuel monitors, gas commentary and regional basis
and exchanges
reports from Genscape
- Coal Retirement Model
- MAPS <GO> gives you direct access to pipeline flow data –
download it to excel and into your models. Conduct capacity - Analyze our live vessel tracking and unique coal shipment
analysis, look at flow reversals and monitor supply and tracking alongside our comprehensive database of statistics
demand intra-day - Gauge buying appetite with our dark spread and coal
- Weekly gas analysis: storage and flow estimates, to gas switching analysis
supply/demand fundamentals and drilling economics
NEWS & FUNDAMENTALS
- Bloomberg New Energy Finance analysis on LNG supply Breaking News
and demand TOP <GO> is your gateway to comprehensive real-time news
We also offer a wide range of calculators and charting tools from tens of thousands of sources, including Bloomberg’s
that are easy to use, highly accurate and customizable. exclusive coverage.
You can use them to: Track today’s top stories across power and gas markets, oil,
- Calculate and chart spark and dark spreads coal, renewables, emissions, currencies and macroeconomics.
- Track real-time LNG tanker movement into any port Create personalized news pages, filters and alerts based on your
- Price long-term oil indexed gas contracts specific needs.
- Run risk and scenario analysis on our robust derivative Get the First Word for Global Oil
platform to price and monitor options and swaps FIRST <GO> is your source for Bloomberg First Word for Oil.
Power Get insight and perspective from experienced news and market
Gain transparency into global power pricing, trends and professionals who provide real-time updates and insights into the
fundamentals such as: events and key data moving the price of crude.
- Historical and forecast weather data Get immediate updates on key news events and a concise first
- Proprietary power models, such as German and UK wind take on the global oil market. First Word for Oil delivers real-time
generation and electricity demand commentary on news affecting crude oil prices, from pipeline
- Spark and dark calculators and charting tools that are easy explosions and port closures to political turmoil and economic
to use, accurate and customizable statistics affecting the market.
- Bloomberg New Energy Finance analysis on power market
supply and demand, market reform, economics, and utility
business models

ENERGIZE YOUR STRATEGY // 03

 Bloomberg Brief – Oil
Buyer’s Guide, Power
& Gas, Clean Energy
Bloomberg Brief newsletters
combine Bloomberg data
and news with industry-
specific original content and
commentary to help you stay
informed and ready for your
daily business needs. These
newsletters offer access to
proprietary Bloomberg data
and breaking stories that
move markets, free of charge
to Bloomberg Professional
service users.

Discover the full breadth of energy news from Bloomberg

IN-DEPTH INDUSTRY ANALYSIS & RESEARCH

Bloomberg Intelligence Energy Industry Research & Data − BI <GO>
Dedicated Energy Research
Bloomberg Intelligence (BI), the research arm of Bloomberg L.P., offers independent analysis and data on the utilities,
power generation, midstream and E&P industries — all on the Bloomberg Terminal®.
Both through BI and across the Terminal, you will find - Understand long-term context with annual data on demand,
exhaustive energy data — all proprietary from Bloomberg supply and derived utilization rates
or third-party sources. - Analyze short term and long term supply and demand trends
Available data allows users to: on crude oil
- Track and generate trading ideas from over 300 power, - Receive quarterly updates on permit, well activity, and
gas and fuel commodity prices with powerful visualization production for the key drivers of incremental oil and natural gas
- Discover, analyze and download key energy market margins supply in the U.S. Analyze production by company by shale,
including LNG netbacks and spark/dark spreads acreage holdings, rig count by hydrocarbon and county level

Bloomberg Intelligence provides plant operation data from North American utilities companies
ENERGIZE YOUR STRATEGY // 04
BLOOMBERG NEW ENERGY FINANCE
Bloomberg New Energy Finance (BNEF <GO>) provides BNEF’s premium research and analysis includes:
independent analysis and insight, enabling energy - Research: over 700 short and long form reports a year
professionals to navigate change and generate opportunities - Data: the world’s most comprehensive database of projects,
in an evolving energy economy. policies, companies and investments
BNEF’s coverage of the electricity and power markets spans - Models and analytical tools
policy and technology developments, supply chain, country - News: daily feed delivered to your inbox or mobile app
and company data, long-term forecasts, and more.

Never Miss Out on New Content Access Reports

Set up alerts with BNEF <GO> to receive content as soon Get BNEF analyst reports directly on the Terminal. Reports
as it’s released. Access BNEF content via topic code are viewable as PDF, or Excel® files (under Actions, click
NI BNEF <GO>. You can also find BNEF research via Open Attachments) to easily suit your workflow. You can also
topic and country specific NI codes (e.g., NI WIND, bookmark your favorite reports.
NI POWERMARKET), through company-specific CN and
Download on Your Mobile Device
BRC wires, or on RES <GO>.
Find and read BNEF reports on your mobile phone or tablet
through the Bloomberg Professional app.

Bloomberg New Energy Finance is now available on the Bloomberg Terminal at BNEF <GO> or NI BNEF <GO>.

ENERGIZE YOUR STRATEGY // 05

PRICE DISCOVERY
CFVL <GO> — is a proprietary pricing engine that EUM <GO> — is a consolidated spot and forward pricing
incorporates all available data to give you the best indication function for European gas, power, carbon and coal markets,
of price even for less liquid instruments. These prices can as well as JKM LNG prices. It offers a quick overview of
be pulled at real time into Excel via the API. energy pricing across the OTC and exchange markets,
as well as comprehensive information on the markets that
CPLY <GO> — provides key information on standard
are relevant to you.
commodity plays, which helps you identify trading strategies
and spot anomalies. CPLY covers the top plays for the Oil, SEUM <GO> — provides additional power pricing data;
Metals, Agriculture, and the North American Natural Gas covering the hourly and half-hourly day ahead and within
market, giving you the data you need to make quick, day power markets.
informed decisions.
CFVP <GO> — takes fair value real-time forward curves and
BOIL <GO> — provides a complete picture of global spot oil applies historical daily profiles to calculate prices for individual
and refined products pricing, so you can quickly identify price hours and hourly blocks to different forward periods from a
movement and potential arbitrage opportunities. Prices are specific day to a whole year. You can drag and drop a load
organized by geographical region and broken down by spot or demand profile from Excel.
crude prices, oil products, swap benchmarks, and retail
pump prices.
BGAS <GO> — provides a comprehensive view of pricing
for the North American natural gas spot market. Pricing is
organized by geographical region and hub so you can
quickly find the markets that are most important to you.

CFVP <GO> — Commodity Fair Value Profile

ENERGIZE YOUR STRATEGY // 06

ENERGY ANALYSIS
Oil Analytics
REFO <GO> — provides
an overview of aggregated
worldwide regional outages
of refining process units,
so you can analyse related
statistics and a graphical
representation of outage
data, including the outage
status, capacity, duration,
and whether the outage was
planned or unplanned. REFO
assists you with forecasting
refinery outages and alerts
you when an unplanned
outage occurs or when a
planned outage is scheduled.

REFO <GO> — Refinery Outages and Events

Natural Gas & Power Tools

NGAS <GO> — leverages short term supply, demand, production, SD <GO> — calculates and charts spark spreads, dark
storage and flow analysis from LCI Energy Insight for the United States, spreads, marginal costs and fuel switches. It helps you quickly
Canada, and Mexico. Make more informed decisions using LCI’s and accurately identify trends, relative value opportunities
weekly forecast and commentary. and price support and resistance levels.
EUMM <GO> — consolidates Bloomberg’s proprietary supply and Input custom values for fixed costs, transportation, efficiency or
demand modeling for European gas and power markets, as well as the heat rate, and CO2 adjustments, so you can accurately analyze
high-speed, market-moving weather data which drive them, so you can real conditions in the physical market. Price two spreads at a
make more accurate trading decisions. time to compare different markets, different fuels or base versus
peak and then add a new data series such as the marginal cost of
FDM <GO> — lets you explore commodity fundamental data by
production or fuel switch levels for one or both or your spreads.
product, location, type, source and keywords and filter information
on natural gas, power, coal and other products of interest. The Excel API allows you to pull real time market data into
your own spreadsheets tools and models.

SPRK <GO> — allows you

to monitor and analyze live
and historical forward spark
spreads by region, fuel type
zone and hub. Quickly and
easily visualize spark spreads
to get a complete snapshot
of North America’s power
markets. One-click provides the
user with historical correlation/
regression/spread analysis.

SPRK <GO> — Global Spark Spreads

ENERGIZE YOUR STRATEGY // 07

CHARTING
There are a large number of charting tools available for use with pricing and fundamental data. Our seasonality charts were
developed specifically for seasonal markets such as power and gas.
SEAG <GO> — allows you to overlay several years data to HS <GO> — is a flexible spread charting tool to help track
identify seasonal patterns in pricing or fundamentals such as and analyze the development of related price series such as
gas storage levels. summer against winter gas, peak against off-peak power.
Additional analysis such as correlation and regression studies
GIP <GO> — shows intraday data such as how the price
can be simply added to allow richer analysis of the market.
of forward power and gas markets are trading today or how
much gas is flowing between two locations. Use important flow points to track historical gas flows and see
the major market shifts. COSY <GO> gives you templates to
GP <GO> — is an easy to use charting tool that can be fully
allow you to build analysis quickly and effectively.
customized to include a wide range of technical analysis
studies for one or several data sets. CIX <GO> — allows you create and manage custom indices.
CCRV <GO> — provides a simple way to track the evolution
of the term structure of a forward curve over time.

SEAG <GO> — Seasonality Chart

ENERGIZE YOUR STRATEGY // 08

MAPPING
BMAP <GO> — enables you
survey the energy landscape
by locating, tracking and
interacting with a broad
range of commodity assets.
Visualize power plants, wind
farms, LNG terminals and
vessels, oil tankers, dry bulk
cargo vessels and much more
on our interactive map and
accompanying data table.

BMAP <GO> — Map of LNG Imports and Exports

MAPS <GO> — leverages

the power of visualization
to illustrate relationships
between data and geography.
MAPS allows you to intuitively
search map data, so you
can gain macro and market
insights into trends and
patterns in the information.

MAPS <GO> — North American Natural Gas Pipeline Map

FULLY CUSTOMIZABLE ON LAUNCHPAD BE ON ANYWHERE

LPAD <GO> — enables you to create a powerful and flexible Gain access to real-time data on every market, unparalleled
desktop workspace. news and research, powerful analytics and communications
tools on the Bloomberg Professional service – from wherever
With this unique tool, you can build your own monitor screen
you are. Bloomberg Anywhere® delivers a seamless,
layout that includes only the data sources and tools that are
personalized experience that keeps you connected from
important to you. Actionable sets of information are available
virtually anywhere, from any type of device.
for gas, power, coal and other commodity categories.
Follow custom monitors created in Launchpad with real-time
It’s easy to customize LaunchpadTM by accessing a menu of updates, apply news filters and receive security alerts, anytime
recent releases, featured components and sample views on from anywhere.
the opening screen. Links throughout the screen connect
you to tutorials, user guides and other training information.

ENERGIZE YOUR STRATEGY // 09

ENHANCE YOUR WORKFLOW WITH BLOOMBERG
Energy Traders
Bloomberg is the platform of choice in the energy space, combining macro and asset-specific breaking news, aggregating
key fundamental data and pricing, as well as providing advanced analytics to assist energy traders in making more informed
trading decisions.

MARKET SURVEILLANCE & PRICING & ANALYTICS EXECUTION RISK MANAGEMENT

FUNDAMENTAL ANALYSIS

 arket moving news and sector

M Price discovery Listed commodity Listed & OTC derivatives
specific newsletters - Spots futures trading
- Forecast
- Futures
- Fair value curves

In-depth micro and macro Trade analytics/and charting OTC commodities and
research across industries, derivatives trading
companies, and policies

Economic numbers impact Derivative trade analytics and Listed commodity futures and
supply and demand valuation tools options trading

Fundamental analysis Prebuilt Excel templates

Energy Investors
Bloomberg provides energy investors with a leading multi-asset financial information platform, plus trading and enterprise
wide solutions, so that you can stay ahead of the competition, be efficient with your resources, and take advantage of more
opportunity in the marketplace.

PRE TRADE EXECUTION EXECUTION PORTFOLIO/RISK COMPOLIANCE

ANALYTICS MANAGEMENT MANAGEMENT MANAGEMENT & REPORTING

- Validate investment - Work with traders on - Communicate - Monitor portfolio performance in - Monitor compliance,
ideas from analysts execution strategy orders to middle real time restricted lists
- Conduct broad - Leverage proprietary and back office - View holdings as a standalone or - Trade reporting
energy market models - Leverage relevant against a benchmark
- Accounting
analysis - Seamless order entry compliance - Rebalance portfolios to models or
- Synthesize research using TradeBook as controls benchmarks
a brokerage - Conduct scenario analysis and
determine risk impact
- Generate historical holdings
report M to M price, cumulative
average costs and unreal and
realized P&L

Procurement/Supply Chain Managers

As the global marketplace expands and demographics change, the supply, consumption and transport of goods as well as the
players have changed rapidly in all commodity sectors. Bloomberg can provide market transparency in fundamentals, pricing
and peer analysis on a simple aggregated basis via our all-inclusive multi-asset financial information platform. Complete trade
life cycle functionality is available including risk management and enterprise-wide solutions. Bloomberg provides a complete
solution that delivers on supply chain manager needs, while offering the ability to streamline and protect profits.

MARKET SURVEILLANCE PRICING TOOLS TRADE VALUATION/ PORTFOLIO/RISK MANAGEMENT

EXECUTION

- Analysing market conditions - Product and material pricing - Swaps and options - Monitor portfolios/hedge performance
and supply - Physical pricing tools - OTC trade execution in real time
- Peer/counterpart analysis - Futures pricing tools - Conduct “what-if” sec
- Forecasting and analysis

ENERGIZE YOUR STRATEGY // 10

 ABOUT THE BLOOMBERG PROFESSIONAL® SERVICE
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge
by connecting them to a dynamic network of information, people and ideas. The company’s strength — delivering data,
news and analytics through innovative technology, quickly and accurately — is at the core of the Bloomberg Professional
service, which provides real time financial information to more than 325,000 subscribers globally. Headquartered in
New York, Bloomberg employs more than 19,000 people in 192 locations around the world.

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