The day-to-day world of crude oil traders is not usually open to outsiders. Few non-specialists appreciate how oil traders approach the markets, what their backgrounds are and how they make money.
This book brings the oil trading world to vivid life by introducing the reader to 40 real-life trades or strategies that were carried out by named market participants. The 40 chapters cover different geographies and different crude oil markets, providing an unparalleled insight into how crude oil traders work and think. Oil trading developed in its current form in the 1980s and the chapters cover these early beginnings through to the present day. The trades have been grouped in sections that relate to the nature of each trade and its broader use as an example of a successful trading style. Sections cover approaches to arbitrage trading; the impact of geopolitics; logistics and storage plays; short-term versus longer term trading; managing new crude oil grades; trading crude oil derivatives.
The book provides plenty of inspiration for current or prospective crude oil traders or analysts. It will also be valuable for academic researchers, business school case studies, and for anyone wanting to learn more about the individuals that shape the world's most important commodity market.
This book brings the oil trading world to vivid life by introducing the reader to 40 real-life trades or strategies that were carried out by named market participants. The 40 chapters cover different geographies and different crude oil markets, providing an unparalleled insight into how crude oil traders work and think. Oil trading developed in its current form in the 1980s and the chapters cover these early beginnings through to the present day. The trades have been grouped in sections that relate to the nature of each trade and its broader use as an example of a successful trading style. Sections cover approaches to arbitrage trading; the impact of geopolitics; logistics and storage plays; short-term versus longer term trading; managing new crude oil grades; trading crude oil derivatives.
The book provides plenty of inspiration for current or prospective crude oil traders or analysts. It will also be valuable for academic researchers, business school case studies, and for anyone wanting to learn more about the individuals that shape the world's most important commodity market.
"From the personal interviews with the main players involved, readers will learn how business opportunities are detected and executed, with a first-hand story that illustrates the nuances behind the trade."
- Ricardo Raineri, Energy Expert and Consultant, Past President IAEE.
"A unique window into the world of oil trading and the traders that drive the markets. The book is a collection of forty trades, contributed by the traders themselves."
- Paul Chapman, Managing Partner and Co-Head of HC Group.
"I strongly recommend anyone having an interest in commodity trading/operations/finance to read this insightful overview of how the industry has evolved over the past 50 years. A must read I reckon."
- Jean-Wandrille Méchet, Gasoline Trader, ExxonMobil.
"A truly fascinating piece of reading that looks at the world of crude oil trading from a rare angle, as traders are generally very secretive about their business."
- Alessandro Liberati, Retired Head of Crude Oil Trading, BB Energy.
- Ricardo Raineri, Energy Expert and Consultant, Past President IAEE.
"A unique window into the world of oil trading and the traders that drive the markets. The book is a collection of forty trades, contributed by the traders themselves."
- Paul Chapman, Managing Partner and Co-Head of HC Group.
"I strongly recommend anyone having an interest in commodity trading/operations/finance to read this insightful overview of how the industry has evolved over the past 50 years. A must read I reckon."
- Jean-Wandrille Méchet, Gasoline Trader, ExxonMobil.
"A truly fascinating piece of reading that looks at the world of crude oil trading from a rare angle, as traders are generally very secretive about their business."
- Alessandro Liberati, Retired Head of Crude Oil Trading, BB Energy.