Dear Colleagues,

Electricity is considered to be a strategic asset because of its extensive use by virtually all sectors in modern economies. Apart from renewable generation sources, which are progressively more and more present in the supply mix of electricity markets across the world, the most important fuels used to generate power are natural gas and oil. It comes at no surprise, that recent challenges from commodity, stock and credit markets, which have put at risk the operation of natural gas and oil firms, are a main concern for the academic literature, especially during the last decades, in which both markets have experienced changes at an unprecedented pace due to changes in both the supply technologies and the characteristics of energy demand. Natural gas and oil are generally competitors in the production of electricity, while they also are substitutes for each other in consumption, which lead their prices to be closely linked. In this special issue of Energies we invite the submission of manuscripts that explore the two markets, both from asset and liability perspectives. We encourage studies that analyze the characteristics of oil and gas prices in commodities markets, prices of oil and gas firms in stock markets, capital structure choices and funding alternatives use in the two sectors, spillover effects between the two markets and from (to) these markets to (from) other financial markets. Papers exploring the geopolitical factors that shape natural gas and oil markets, or dealing with future challenges and uncertainties of the sector, tackled from diverse and interdisciplinary perspectives, are also welcome. This special issue of Energies aims to become a future reference point for documenting the recent transformation and future pathways of oil and natural gas markets.

Prof. Dr. Jorge Mario Uribe
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

• energy commodity markets
• energy prices
• market spillovers
• capital structure