- 246 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
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.
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Information
Index
- Abu Dhabi National Oil Company (ADNOC) 15
- Aframax 40, 44ā46, 48, 170
- AGIP Trading Services 77
- Albacora Leste crude oil 44ā46
- Albanian crude oil 127ā128
- algorithmic trading 187, 197
- Andersen, Thomas LĆøvind 2, 174
- Arcadia 130ā131, 181
- Argus Media 87, 153, 240
- Asian Petroleum Price Index (APPI) 211ā212
- asset-backed trader (ABT) 94, 95, 105ā106
- Atlantic Trading & Marketing Inc 15
- backwardation 125, 146
- balancing refinery 164
- Bank of America Merrill Lynch (BAML) 174, 179
- Bank of Credit and Commerce International (BCCI) 74
- Basel Accords 75ā76
- Basrah crude oil: refining Basrah Heavy 160
- splitting grade into Light and Heavy 174ā180
- Baule, FrƩdƩric 22
- Bayon, Felipe 97
- BB Energy Trading Ltd 77
- BFOET
- BioUrja Trading 132
- Bird, Graham 30
- BNP Paribas 75
- Bogdanov, Vladimir 12
- Bossley, Liz 3, 84, 239
- Bouchouev, Ilia 7, 228
- BP 23, 33ā38, 61, 64, 65, 89ā94, 97, 105ā109, 112, 133, 152ā153, 157, 212
- Brent: Arcadia activity 131
- Brent-Dubai 182ā185, 214
- BrentāFortiesāOsebergāEkofiskāTroll (BFOET) market 23, 86
- chains of cargoes 72
- development of market 3, 192, 194
- discovery of Brent field 151, 154
- 15-Day B...
Table of contents
- Cover
- Half Title
- Series Page
- Trading arbitrages
- Macro & micro trading
- Spot versus term trading
- Logistics and storage trading
- Trading new crude oil grades
- Trading crude oil derivatives
- Trading crude oil options
- Further reading and bibliography
- Index