Global Crude Oil Business
Contents: Preface. I. Overview of global oil business: 1. Introduction to the oil trade. 2. Conversion processes. 3. Oil economics: demand, supply and stocks. 4. World oil market. 5. Structure of world oil markets. 6. Statistical overview of world oil markets. II. The role of shipping and freight in oil trading: 1. Introduction to freight and world scale. 2. Charter party contracts and negotiation. 3. Demurrage. 4. The forward freight agreement (FFA) market. 5. Freight derivatives. III. Trading of oil in international market: 1. Introduction to oil trading. 2. Asian oil markets and trading: a perspective. 3. Platts assessment methodologies. 4. Energy future exchange and OTC trading. 5. Crude oil futures and contracts. IV. Risk management in the oil industry: 1. Introduction to risk and its sources. 2. Price risk and derivatives. 3. Advance technique - short hedges. 4. Hedging strategies involving multiple contracts. 5. Crude oil price hedging. V. Upstrems oil contracts. 1. Production sharing contracts. 2. Joint operating agreement (JOA). 3. Farm-in agreements. 4. Transportation agreements (pipelines). VI. Negotiations. 1. Introduction to negotiations. 2. Approaches to negotiation. 3. Negotiation theory. 4. Types of negotiation. 5. The negotiations process. Glossary. Index.
This book covers the concepts of doing business of crude oil. This first edition volume will help the reader to put in place the crude oil trading strategies in the global markets ensure that the oil trading derivatives programs achieves its goals and does not add unexpected or unwanted risks to the oil companies.
The readers will also get an inside to the financial energy markets particularly crude oil and its global business operations. In this book you will find fact, flavors and formula, each is a key element in running a successful financial risk strategy, integrated with the company\'s management goals. Therefore, this is a book to be read by researchers, students, oil traders and by the experts of financial and trading companies dealing in the crude oil business. Broadly, this book covers the concepts of crude oil business and the role of freight and shipping in the crude oil business. (jacket)
This book covers the concepts of doing business of crude oil. This first edition volume will help the reader to put in place the crude oil trading strategies in the global markets ensure that the oil trading derivatives programs achieves its goals and does not add unexpected or unwanted risks to the oil companies.
The readers will also get an inside to the financial energy markets particularly crude oil and its global business operations. In this book you will find fact, flavors and formula, each is a key element in running a successful financial risk strategy, integrated with the company\'s management goals. Therefore, this is a book to be read by researchers, students, oil traders and by the experts of financial and trading companies dealing in the crude oil business. Broadly, this book covers the concepts of crude oil business and the role of freight and shipping in the crude oil business. (jacket)
