Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Oil and Gas Trading PDF full book. Access full book title Oil and Gas Trading by Denys Hickey. Download full books in PDF and EPUB format.
Author: Denys Hickey Publisher: Globe Law and Business Limited ISBN: 9781911078036 Category : Commodity exchanges Languages : en Pages : 0
Book Description
This new guide to oil and gas trading aims to fill a gap not currently supplied by other reference books on sale-of-goods law and charters by focusing on the day-to-day realities of trading in the sector. It examines the way in which the oil and gas market operates in practice, taking note of real-life situations that can arise.
Author: Denys Hickey Publisher: Globe Law and Business Limited ISBN: 9781911078036 Category : Commodity exchanges Languages : en Pages : 0
Book Description
This new guide to oil and gas trading aims to fill a gap not currently supplied by other reference books on sale-of-goods law and charters by focusing on the day-to-day realities of trading in the sector. It examines the way in which the oil and gas market operates in practice, taking note of real-life situations that can arise.
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: David Long Publisher: Elsevier ISBN: 185573852X Category : Business & Economics Languages : en Pages : 1001
Book Description
The Oil Trading Manual (OTM) provides a unique and comprehensive reference source to the latest developments in the structure and conduct of the international oil markets including: - Physical characteristics and refining - Oil pricing arrangements - Physical oil markets - Forward and futures contracts - Options and swaps - Operations and logistics - Accounting and taxation - Controlling financial risk - Legal and regulatory controlOTM provides a unique and comprehensive reference source to the structure and conduct of the international oil markets. The manual covers all the major oil trading instruments and their applications; the trading centres, contracts, uses and users of both the physical and the terminal oil markets, and their administrative, management, tax, and accounting implications. It also includes vital information on changes to the international legal and regulatory structures. The manual is divided into three complementary parts; Characteristics An introduction to oil and oil trading, and includes material on the nature of oil as a commodity, refinery processes and the different ways in which oil is priced. Instruments and markets Deals with the oil market itself taking each segment in turn, explaining how the various trading instruments work and describing the markets that have evolved to trade them. It starts with the physical oil markets, moving on to forward and futures markets, followed by options and swaps. Administration Covers the essential 'back-room' activities without which oil trading could not continue. It includes practical material on operations and logistics, credit control, accounting, taxation, contracts and regulation, and controlling financial risk, providing a unique guide to the subject. Compiled from the contributions of a range of internationally respected professionals, it is the indispensable practical companion for all those involved with trading in this complex commodity. Revised and updated 2003
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: Fletcher J. Sturm Publisher: Pennwell Books ISBN: 9781593705039 Category : Languages : en Pages :
Book Description
This how to book covers the various mechanics of natural gas trading, including the physical (cash) market for natural gas production, transportation, distribution, and consumption. It has been 23 years since Trading Natural Gas: A Nontechnical Guide was released, and many things have changed: electronic trading, power market deregulation, fracking and the shale revolution, pipelines reversing flow patterns, and LNG exports from the United States. In this second edition, the author addresses these changes, beginning with a deeper dive into the natural gas market fundamentals of supply, demand, storage, and transportation, maintaining a focus on the relationship to market pricing. Following discussion of the mechanics of trading physical natural gas, the heart of the text remains a study of financial derivative products specific to natural gas trading, presented through definitions and trading examples. Many of these products and concepts are still current and have been refreshed and kept intact. New material on the role of natural gas in the power market as it relates to fuel- switching and economic dispatch, as well as a survey of the global LNG market and US exports, is included in this second edition to bring in two of the biggest factors influencing prices in today's market. Additional statistics, tables, graphs and suggested spreadsheet templates have been provided throughout the book to help visualize many of the discussions on data. Features and Benefits Supply / Demand Fundamentals Market overviews (financial and physical) Contracts Derivatives Technical Analysis Risk Controls Audience Field level personnel Management Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, energy markets Students
Author: Tom Seng Publisher: ISBN: 9781593704742 Category : Futures market Languages : en Pages : 0
Book Description
This book focuses primarily on the energy products that are financially traded on the New York Mercantile Exchange: crude oil, natural gas, unleaded gasoline, and heating oil. These commodities are the most common ones used for hedging energy commodity risk. Each of these products has a profound effect on the United States and international economies. It discusses several of the factors that influence energy price direction, the financial instruments used in the market, and how commercial entities utilize these instruments to hedge the risks inherent in energy production and consumption, such as price and physical risk. It also addresses the use of energy financial derivatives strictly for profit (speculative trading) and the exchanges that make efficient and competitive trading possible. The physical cash market is addressed along with the major industry publications that produce market prices, known as postings or indexes. Additionally, the book briefly discusses technical analysis, using charts to identify price trends and predict directional changes. Finally, the book discusses the need for stringent controls on the trading of financial energy derivatives to avoid some of the more notorious pitfalls that have led to the collapse of major global companies and institutions. Features and Benefits Supply / Demand Fundamentals Market overviews (financial and physical) Contracts Derivatives Technical Analysis Risk Controls Audience Field level personnel Management Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, energy markets Students
Author: Hossein Razavi Publisher: Praeger ISBN: Category : Business & Economics Languages : en Pages : 238
Book Description
Until as recently as the late 1970s, the main channel for oil distribution was the integrated system of the major oil companies, while the volume of spot trading was limited to roughly 5 percent of the total oil trade. Today, spot and spot-related deals account for 80 to 85 percent of internationally traded petroleum, and have ushered in a new era of petroleum trading. In this work, Hossein Razavi and Fereidun Fesharaki offer a detailed study of the workings and issues surrounding today's oil trading market as they apply to all parties involved in the production, distribution, and consumption of petroleum. They provide a complete description of petroleum spot markets, futures, and options trading, and their interlinkages with contract sales. Razavi and Fesharaki cover a wide range of topics, and challenge the generally accepted view that spot and futures trading have wrested the power of price setting away from OPEC. They claim that prices are still determined by supply, which OPEC continues to influence. The book is divided into four sections, beginning with an overview of recent developments in spot, futures, and contract trading. Section two provides an analysis of spot and spot-related deals, while the third section describes the mechanics, organization, and evolution of petroleum futures markets and options trading. The work concludes with an in-depth section on interlinkages, examining the interactions among various segments of the market, including spot and futures trading, petroleum stock building, and OPEC. This book will be a valuable resource tool for libraries as well as a wide range of users, from oil industry professionals and financial analysts to students of energy-related topics.
Author: Richard Lassander Publisher: ISBN: 9781732238206 Category : Business & Economics Languages : en Pages : 256
Book Description
Natural Gas Trading in North America presents the core knowledge required to work on a natural gas trading desk in North America. The material surveyed spans historical market context, fundamental drivers and the mechanics and instruments used to trade and risk manage a natural gas portfolio. This book is intended to be accessible to a broad array of readers, from those trading markets directly, to origination, structuring and control groups, as well as those working in investment banking and project development for whom an understanding of how the markets are traded is essential in their daily activities.
Author: Denys Hickey
Author: Denys Hickey
Author: Adi Imsirovic
Author: David Long
Author: Ken Silverstein
Author: Fletcher J. Sturm
Author: Havard Devold
Author: John Orban
Author: Tom Seng
Author: Hossein Razavi
Author: Richard Lassander