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
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 in
Part 1 Characteristics: The trading of oil; Physical characteristics and refining; Oil pricing arrangements. Part 2 Instruments and markets: Crude oil markets; Product markets; Futures and forward contracts; Forward paper markets; Oil futures exchanges; Options; Swaps; Long dated oil markets. Part 3 Administration: Operations and logistics; Credit control; Accounting; Taxation of oil trading; Contracts; Legal and regulatory issues; Controlling financial risk.
- No. of pages:
- © Woodhead Publishing 2003
- 1st January 1995
- Woodhead Publishing
- eBook ISBN:
- Paperback ISBN:
Oxford Centre for Enablement, Oxford University Hospitals NHS Trust, UK