Author: Stefan van Woenzel Publisher: ISBN: 9781910223628 Category : Reference Languages : en Pages : 574
Book Description
The definitive guide for anyone working in the oil business. Based on his 30 years' experience of working in oil logistics, storage, operations and oil trading, Stefan van Woenzel has compiled a comprehensive dictionary of oil terms and jargon. This third, updated edition contains more than 2,000 terms, definitions, abbreviations and phrases that are used every day by oil traders and those working in the industry. Use it as a reference book to help make sense of the jargon encountered in oil trading and enjoy better communication and understanding in your oil discussions and work. "Everyone involved in buying, selling, shipping, storing or distribution of oil, should have this book on their bookshelf." - arend van campen ma, Author of: 'Toxic Tanker and Safety of Ethics'
Author: Owain Johnson Publisher: Routledge ISBN: 1000539458 Category : Business & Economics Languages : en Pages : 269
Book Description
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.
Author: Stefan Van Woenzel Publisher: ISBN: 9781468586046 Category : Business & Economics Languages : en Pages : 560
Book Description
Physical oil trading is a worldwide activity containing a lot of oil business terms. Traders talk about time value, contango, backwardation, refinery activity, credit, logistics, HSE and much more, hence the size of this book. An oil trader generates billions of dollars cash flow per year, so he must be able to understand the meaning of the trading language and communicate in the correct way. But you might have a job which is related to that activity, and therefore it is important to understand the discussions, as you may be linked to that cash flow. The book is therefore a great working tool for all people being related to the commercial side of oil activity. A useful book for oil companies, but also for banks, shipping agents, refineries, marketers, brokers, inspectors, storage companies, expeditors, and many more with an interest in the oil industry. The book includes popular trading expressions and conversion tables related to oil trading.
Author: Adi Imsirovic Publisher: Springer Nature ISBN: 3030717186 Category : Business & Economics Languages : en Pages : 262
Book Description
This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today—the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil market has been monopolised by companies and governments. For only a fraction of that, oil traded in a relatively free market. As a result, we had to live with ‘big oil’, economic shocks, high oil prices, instability and wars. Using a simple concept of market power, this book will explain the meaning of ‘oil price’ and how it is established while offering a valuable lesson for other commodities. Market power is the key to understanding the ‘price of oil’. This book uses a simple concept of price-makers and price-takers to examine the evolution of oil markets, their structure, and prices. The early decades of the oil industry were competitive with low barriers to entry. Barely 25 years later, the Standard Oil company created a refining monopoly, buying oil at its own ‘posted’ price. In the following century, the cartel of major oil companies, helped by their governments, did the same at the international level. OPEC helped producing governments regain control of their own resources, but the organisation was never able to retain a similar level of control. After 1986 price collapse, OPEC abdicated the price-making function in favour of the market. While it never gave up attempts to influence prices, OPEC had to link their official prices to one of the global oil benchmarks. Modern international oil markets function because of oil benchmarks such as Brent, WTI and Dubai. This book showcases: • How oil traders played a prominent role in development of the industry • How policies of consuming nations helped oil cartels • Why and how the US price of oil was negative • How AI has changed the way markets operate and the way in which the markets are likely to change in future This book explores how oil markets grew, functioned, and have occasionally failed to do their job. The ecosystem of derivatives or ‘paper barrels’ trading in far greater volume than physical oil plays a very important role in mitigating risk. With this core tenant, setting the ‘price of oil’ is explained in detail.
Author: Carley Garner Publisher: FT Press ISBN: 0137015453 Category : Business & Economics Languages : en Pages : 262
Book Description
You can make large profits by trading commodities--but you’ll need significant practical knowledge of the associated risks and market characteristics before you start.A Trader’s First Book on Commoditiesis a simple, practical and useful guide for new commodities traders. Author Carley Garner provides specific guidance on accessing commodity markets cost-effectively, avoiding common beginners’ mistakes, and improving the odds of successful, profitable trades. Drawing on her extensive experience teaching traders, Garner shows how to calculate profit, loss, and risk in commodities, and choose the best brokerage firm, service level, data sources, and market access for your needs. She’ll help you: · Master the basics of trading commodities painlessly, avoiding beginners mistakes · Get what you need, and prevent paying for what you don’t need · Know what you’re buying, what it costs, the returns you’re earning and the risk you’re taking · Predict price, manage risk, and make trades that reflect your analysis Garner demystifies the industry’s colorful language, helps you clearly understand what you’re buying and selling, and walks you through the entire trading process. She concludes with a refreshingly new look at topics such as trading plans, handling margin calls, and even maintaining emotional stability as a trader. “This book provides the type of information every trader needs to know and the type of information too many traders had to learn the hard and expensive way. Carley offers practical need-to-know, real-world trading tips that are lacking in many books on futures. It will help not only the novice trader, but seasoned veterans as well. This book will serve as a must-have reference in every trader’s library.” --Phil Flynn, Vice President and Senior Market analyst at PFGBest Research, and a Fox Business Network contributor “Refreshing–It’s nice to see a broker who has actually been exposed to the professional side of trading and who bridges that chasm between exchange floor trading and customer service. Carley takes the time to explain verbiage, not just throw buzz words around. A good educational read in my opinion.” --Don Bright, Director, Bright Trading, LLC “This book has the perfect name, the perfect message, and the necessary information for any beginning trader. Take this book home!” --Glen Larson, President, Genesis Financial Technologies, Inc. “As a 35-year veteran of the CME/CBOT trading floor, I can tell you…those who think they can begin trading commodities without knowing the less talked about topics that Carley discusses inA Trader’s First Book on Commoditiesare sadly mistaken. Anyone who trades their own account, or would like to, should read this book.” --Danny Riley, DT Trading
Author: Daniel Ammann Publisher: St. Martin's Griffin ISBN: 9780312650681 Category : Biography & Autobiography Languages : en Pages : 0
Book Description
Billionaire oil trader Marc Rich for the first time talks at length about his private life (including his expensive divorce from wife Denise); his invention of the spot oil market, which made his fortune and changed the world economy; his lucrative and unpublicized dealings with Ayatollah Khomeini's Iran, Fidel Castro's Cuba, war-ravaged Angola, and apartheid South Africa; his quiet cooperation with the Israeli and U.S. governments (even after he was indicted for tax fraud by Rudy Guiliani) and near-comical attempts by U.S. officials to kidnap him illegally. This sure-to-make-headlines book is the first no-holds-barred biography of Rich, who was famously pardoned by Bill Clinton, and resurfaced in the news during the confirmation hearings of Attorney General Eric Holder. The King of Oil sheds stunning new light on one of the most controversial international businessmen of all time.
Author: Ken Silverstein Publisher: Verso Books ISBN: 1781681376 Category : Political Science Languages : en Pages : 289
Book Description
The oil industry provides the lifeblood of modern civilization, and bestselling books have been written about the industry and even individual companies in it, like ExxonMobil. But the modern oil industry is an amazingly shady meeting ground of fixers, gangsters, dictators, competing governments, and multinational corporations, and until now, no book has set out to tell the story of this largely hidden world. The global fleet of some 11,000 tankers—that's tripled during the past decade—moves approximately 2 billion metric tons of oil annually. And every stage of the route, from discovery to consumption, is tainted by corruption and violence, even if little of that is visible to the public. Based on trips to New York, Washington, Houston, London, Paris, Geneva, Phnom Penh, Dakar, Lagos, Baku, and Moscow, among other far-flung locals, The Secret World of Oil includes up-close portraits of a shadowy Baku-based trader; a high-flying London fixer; and an oil dictator's playboy son who has to choose one of his eleven luxury vehicles when he heads out to party in Los Angeles. Supported by funding from the prestigious Open Society, this is both an entertaining global travelogue and a major work of investigative reporting.
Author: Javier Blas Publisher: Oxford University Press ISBN: 0190078979 Category : Business & Economics Languages : en Pages : 352
Book Description
The modern world is built on commodities - from the oil that fuels our cars to the metals that power our smartphones. We rarely stop to consider where they have come from. But we should. In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the world economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources. It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade, and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres. And it is the story of how some traders acquired untold political power, right under the noses of western regulators and politicians - helping Saddam Hussein to sell his oil, fuelling the Libyan rebel army during the Arab Spring, and funnelling cash to Vladimir Putin's Kremlin in spite of western sanctions. The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works.
Author: Liam Carroll Publisher: Createspace Independent Publishing Platform ISBN: 9781512273601 Category : Languages : en Pages : 0
Book Description
Liam Carroll's debut novel, Slippery, shines a blowtorch on the fundamental truths of the finance industry and the hedonistic world of the expatriate lifestyle in Southeast Asia. Flynn James, a young man from the Sydney beachside suburb of Manly, previously content to live his life as a physiotherapist and surfer on Australia's east coast, is awakened to the big bonuses on offer in the trading game. He abandons health sciences, embraces the greed is good mantra and manages to flare past thousands of candidates in a Geneva simulation trading day exercise, ushered through the shady doors of a fiercely private Swiss commodities trading company and set on the path to oil trading superstardom. Based in Singapore and Shanghai, Flynn learns the ropes of commodities dealing at breakneck haste. With the arrival of his first seven-figure bonus, the glossy veneer of his overpaid world crumbles, setting the stage for a shattering finale. Much more than another mere exposé on the world of trading, Slippery is an adventure/thriller. It explores the gritty realities of successful commerce in the corporate maelstrom of Southeast Asia, the inevitable moral compass decimation when you place money above all else and is done so with a side-splitting, bitter self-loathing, terminal awareness. You won't be able to put it down.
Author: Jose Mosca Publisher: ISBN: Category : Languages : en Pages : 185
Book Description
Trading in general is challenging for most new traders because they simply don't have tools or confidence to become successful. Trading and investing in crude oil presents challenges that are not common in other instruments due to the many variables that are involved with its price movement. How to Swing Trade Crude Oil for High Profits is important for self-directed beginners because it tells it like it is and gives an inside look at the this market, giving you the reality on what the market is really like. Let’s face it, it’s a well-known fact that 97% of brand new self-directed investors and traders fail and lose all of their money. In crude oil investing and trading your trading capital can vanish right before your very eyes should you not be prepared and not have a plan to deal with the brutality and volatility of the crude oil market. Most trading shown in books, video training and webinars these days is taught not only unrealistically it shows you information you really don’t need and that cannot help you have an edge. This book is for self-directed beginners and will detail many of the things that a brand new trader must learn to do before they can become consistently profitable in the live crude oil market. The markets, especially crude oil only work on supply and demand and that’s it. You don’t need any fancy indicators to tell you that price is up or down because you can see it right on the chart. What you do need to know is where the smart money is working so you can make money with them instead of trying to trade against them. Trading and Investing in Crude Oil for Beginners is going to give you a chance to do that if you do what it says and follow the advice. You’ve heard the saying buy low sell high right? Right now in 2018 is the time to do exactly that and How to Swing Trade Crude Oil for High Profits has a few ways in which a brand new self-directed beginner can get into the crude oil sector in their portfolio. The learning curve in the crude oil trading business and it is a business can be long, brutal and very very expensive if learned the wrong way. Don’t be that trader! How to Swing Trade Crude Oil for High Profits aims to tell you how do study it the right way the first time and greatly reduce that long learning curve by showing you what the crude oil market is really made of and who are actually in control of it and when they are in control of it. When you have this information and can see it on a live price chart in real time and pull the trigger without hesitation you can make a lot of damn money and How to Swing Trade Crude Oil for High Profits can get any brand new self-directed beginner on their way to doing that as long as they are well capitalized and have their rule based core strategy for trading and investing in crude oil down pat!
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Author: Stefan van Woenzel
Author: Owain Johnson
Author: Stefan Van Woenzel
Author: Adi Imsirovic
Author: Carley Garner
Author: Daniel Ammann
Author: Ken Silverstein
Author: Javier Blas
Author: Liam Carroll
Author: Jose Mosca