40 Classic Crude Oil Trades

40 Classic Crude Oil Trades PDF

Author: Owain Johnson

Publisher: Routledge

Published: 2022-01-31

Total Pages: 269

ISBN-13: 1000539458

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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.

Trading and Price Discovery for Crude Oils

Trading and Price Discovery for Crude Oils PDF

Author: Adi Imsirovic

Publisher: Springer Nature

Published: 2021-05-19

Total Pages: 262

ISBN-13: 3030717186

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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.

Oil Trading Manual

Oil Trading Manual PDF

Author: David Long

Publisher: Elsevier

Published: 1995-01-01

Total Pages: 1001

ISBN-13: 185573852X

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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 control OTM 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

Trading in Oil Futures and Options

Trading in Oil Futures and Options PDF

Author: Sally Clubley

Publisher: Woodhead Publishing

Published: 1998-09-14

Total Pages: 156

ISBN-13: 9781855733879

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Trading in oil futures and options is an introduction to price risk management in the worldwide oil industry. With numerous practical examples, it requires no prior knowledge and should be read by everyone involved in the industry. Although aimed primarily at those new to risk management it will also provide a useful theoretical background to more experienced managers and it will show those in other markets how the oil industry uses futures and other derivatives. This book concentrates on all the risk management tools available to everyone from crude oil producer to refined product consumer and explains the theory of futures, exchange options and over the counter trading.

How to Swing Trade Crude Oil for High Profits

How to Swing Trade Crude Oil for High Profits PDF

Author: Jose Mosca

Publisher:

Published:

Total Pages: 185

ISBN-13:

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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!

Crude Volatility

Crude Volatility PDF

Author: Robert McNally

Publisher: Columbia University Press

Published: 2017-01-17

Total Pages: 336

ISBN-13: 0231543689

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As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

Oil's Endless Bid

Oil's Endless Bid PDF

Author: Dan Dicker

Publisher: John Wiley & Sons

Published: 2011-03-16

Total Pages: 289

ISBN-13: 1118030419

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Expert analysis of rising oil prices and the out-of-control oil markets that jeopardize both national security and the economy The price of oil is negatively impacting both companies and consumers. In Oil's Endless Bid: Taming the Unreliable Price of Energy to Secure Our Economy, energy analyst Dan Dicker recalls his experiences as an oil trader and reveals the changes that have taken place in the oil markets during the past twenty years, and particularly the last five, as investment banks, energy hedge funds, and managed futures funds have come to dominate energy trading and wreak havoc on prices. Reveals why oil prices cannot stabilize without dramatic action on the part of both government and business Details how the novel, but wrong, idea of oil as an asset class took a sleepy, club-like market into the national spotlight Describes how the United States is unnecessarily handing its wealth over to foreign oil producers during a time when the potential supply of oil is greater than ever Written by an industry insider, Oil's Endless Bid analyzes the biggest financial story of the last ten years?how we lost control of our oil markets.

How to Invest in Crude Oil

How to Invest in Crude Oil PDF

Author: Shadow Trader

Publisher:

Published:

Total Pages: 176

ISBN-13:

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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 the like volatility that are involved with its price movement. How to Invest in Crude Oil is important for self-directed beginners because it tells it like it is and gives an inside look at the crude oil market, giving you the reality on what the brutality in the crude oil market is really like. Let’s face it, it’s a well-known fact that 97% of brand new self-directed investors and crude oil traders fail and lose all of their money, they go down hard, real hard. 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, which you absolutely must have if you’re planning in working in the crude oil market. 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. How to Invest in Crude Oil 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 Invest in Crude Oil 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 Invest in Crude Oil 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 and how to use an actionable strategy against them. When you have this information and can see it on a live price chart in real time and can pull the trigger without hesitation you can make a lot of damn money and How to Invest in Crude Oil 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!

The Market for North Sea Crude Oil

The Market for North Sea Crude Oil PDF

Author: Robert Mabro

Publisher: Oxford University Press, USA

Published: 1986

Total Pages: 386

ISBN-13:

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In light of the North Sea's major role in today's world petroleum market, these essays examine the structure of the market, the international framework and tax regime, the function and mechanism of forward dealings, and price behavior.