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.is a village of probably 9, 000 people and a crude storage capacity of 60 to 68 million barrels That much oil can cause ... at ac least 90% would evaporate ( distillate) at a temperature of 90o Oil Trading Jargon Celsius/194o Fahrenheit Mediumanbsp;...
|Title||:||The Oil Traders' Word(s)|
|Author||:||Stefan van Woenzel|
|Publisher||:||AuthorHouse - 2012-06-29|