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40 Classic Crude Oil Trades: Real-Life Examples of Innovative Trading [Pehme köide]

(Dubai Mercantile Exchange, United Arab Emirates)
  • Formaat: Paperback / softback, 246 pages, kõrgus x laius: 234x156 mm, kaal: 380 g
  • Sari: Routledge Classic Market Trades
  • Ilmumisaeg: 31-Jan-2022
  • Kirjastus: Routledge
  • ISBN-10: 0367700409
  • ISBN-13: 9780367700409
  • Formaat: Paperback / softback, 246 pages, kõrgus x laius: 234x156 mm, kaal: 380 g
  • Sari: Routledge Classic Market Trades
  • Ilmumisaeg: 31-Jan-2022
  • Kirjastus: Routledge
  • ISBN-10: 0367700409
  • ISBN-13: 9780367700409
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 worlds most important commodity market.

Arvustused

"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.

Acknowledgements ix
Introduction 1(8)
Trading arbitrages 9(1)
1 Night flight to Siberia
10(5)
Colin Bryce
2 A sweet deal
15(6)
Philippe Khoury
3 Where physical meets paper
21(6)
Kurt Chapman
4 A false arbitrage
27(6)
Adi Imsirovic
5 A Russian arbitrage strategy
33(5)
Trym Nordhus
6 Leveraging local knowledge
38(5)
Ralf-Dieter Poth
7 Finding the global optimal
43(6)
Manosh Saha
Macro & micro trading
49(34)
8 Calling a collapse
50(6)
Eric Ruhenstein
9 Learning from misfortune
56(5)
Cui Zhenchu
10 Facing a force majeure
61(6)
Anne Devlin
11 Trading the micro structure
67(4)
Sylvia Low
12 Financing oil traders
71(6)
Philippe Cohen
13 Starting from `why not'
77(6)
Alessandro Liberati
Spot versus term trading
83(32)
14 Publish and circulate
84(5)
Elizabeth Bossley
15 Bringing indexation to Russia
89(5)
Elena Lobodina
16 Updating the NOC model
94(6)
Juan Carlos Fonnegra
17 Flexibility of supply
100(5)
Mohammed Minkara
18 Turning weakness into strength
105(5)
Michael Ducdale
19 The value of persistence
110(5)
Geena Malkani
Logistics and storage trading
115(36)
20 Preserving pipeline economics
116(5)
John Krus
21 A U.S. pipeline frenzy
121(6)
Anne Summers
22 Finding interesting niches
127(5)
Michael Hacking
23 Smoothing logistics
132(5)
Chris Del Vecchio
24 Trading floating storage
137(6)
Daphne Teo
25 Trading around strategic storage assets
143(8)
Justus Van Der Spuy
Trading new crude oil grades
151(36)
26 Marketing the first Brent
152(6)
Richard Johnstone
27 Flexibility plays
158(5)
Rajaraman Jayaraman
28 Refining the first Norwegian oil
163(5)
Bridie Tobin
29 Marketing a new stream
168(6)
David Jorbenaze
30 Splitting Basrah
174(7)
Thomas Andersen
31 Asia's shift to sour
181(6)
Andrew Dodson
Trading crude oil derivatives
187(34)
32 WTI proves itself
188(6)
Thomas Mcmahon
33 From floor to screen
194(6)
Steve Roberts
34 Bringing Brent onscreen
200(5)
Milan Kratka
35 Trading opaque markets
205(5)
Greg Newman
36 Trading as a calling card
210(6)
Gary King
37 A chart for success
216(5)
Kevin Mccormack
Trading crude oil options
221(18)
38 Trading on behalf of a nation
222(6)
Gerardo Rodriguez
39 The invention of synthetic storage
228(5)
Ilia Bouchouev
40 Making a major shift
233(6)
Richard Fullarton
Further reading and bibliography 239(2)
Index 241
Owain Johnson is the Global Head of Research of CME Group, and the author of The Price Reporters: A Guide To PRAs And Commodity Benchmarks.