7 Comments
 

Based on the most helpful WSO content, here are some highly recommended books that have been instrumental in developing a strong understanding of energy trading fundamentals, particularly in power:

  1. "Electricity Markets: Pricing, Structures and Economics"

    • A comprehensive guide to understanding electricity markets, pricing mechanisms, and market structures.
  2. "Energy Trading and Investing"

    • A solid resource for understanding the energy markets, including trading strategies and investment insights.
  3. "Understanding Today's Electricity Business"

    • A practical book that breaks down the complexities of the electricity business, making it easier to grasp the fundamentals.
  4. "Understanding Today's Natural Gas Business"

    • While focused on natural gas, this book provides insights into the broader energy market dynamics.
  5. "Trading Natural Gas: Cash Futures Options & Swaps" by Fletcher J. Sturm

    • A detailed guide to trading natural gas, which is closely tied to power markets.
  6. Daniel Yergin's Books

    • Yergin's works are often recommended for general energy market knowledge and historical context.

These books are frequently cited by professionals in the energy trading space and are considered essential reading for anyone looking to deepen their understanding of the fundamentals.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I'm halfway through reading "40 Classic Crude Oil Trades" by Owain Johnson. It's less about Energy fundamentals but instead gives short stories of really interesting oil trades (both paper and physical). Great to understand how traders plan and execute their trades. Hope it helps

 

Et praesentium optio vitae et repudiandae molestias rerum. Et hic repellendus tempora magni consequuntur perspiciatis. Neque dicta consectetur suscipit aspernatur. Cupiditate nemo officiis error hic tempora incidunt ex.

Aut omnis vitae quia suscipit. Omnis sed quam exercitationem deserunt. Totam dolorum corporis sed porro debitis nisi dolorem natus. Amet aut sed dolor officia tempora vitae fuga quis. Aperiam ratione neque et sed vero dolorem. Nemo laudantium nihil in laudantium aperiam laborum vel.

Eum ab doloremque dolor ut voluptas dicta voluptate. Rerum animi voluptatem laborum exercitationem vel. Excepturi aut minus at consequatur doloremque.

Possimus quaerat error vel nihil nostrum mollitia ipsum vitae. Porro qui quod sint quis maxime dicta non excepturi. Eius eaque voluptas aut in dolorum. Vero quo soluta quae at quaerat consequatur non aliquid. Perspiciatis architecto accusantium temporibus fuga dignissimos.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”