Oil Trading Manual

Oil Trading Manual

A Comprehensive Guide to the Oil Markets

1st Edition - January 1, 1995

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  • Editor: David Long
  • eBook ISBN: 9781855738522

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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 refiningOil pricing arrangementsPhysical oil marketsForward and futures contractsOptions and swapsOperations and logisticsAccounting and taxationControlling financial riskLegal and regulatory controlOTM 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

Table of Contents

  • 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.

Product details

  • No. of pages: 825
  • Language: English
  • Copyright: © Woodhead Publishing 1995
  • Published: January 1, 1995
  • Imprint: Woodhead Publishing
  • eBook ISBN: 9781855738522

About the Editor

David Long

David Long
David Long, BEng (Hons), MSc, CEng, MIPEM, is a Clinical Engineer registered in the UK as a Clinical Scientist with the Health and Care Professions Council. He has over 20 years multi-disciplinary NHS experience in the field of rehabilitation engineering, specialising in the provision of postural management and custom contoured seating. Being a Chartered Engineer as well as a qualified clinician, Dave is particularly able to apply biomechanical principles to the assessment process, and to advise and assist with the more technical aspects of the required equipment. He is employed by AJM Healthcare who deliver a number of wheelchair services on behalf of the NHS. He also retains a contract with Oxford University Hospitals NHS Trust where he teaches on the Oxford Brookes University accredited Postgraduate Certificate in Posture Management for People with Complex Disabilities.

Affiliations and Expertise

David Long, AJM Healthcare, UK, Oxford University Hospitals NHS Foundation Trust, Oxford, UK

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  • Richard A. Mon Jun 15 2020


    Finding materials to complete our business plan for the acquisition of License to operate has really taken a toll on our task. It was a burden especially that we are looking out for cross border oil trading activities. Though I do not have full access to the Oil Trading Manuel (OTM) some extracts that I got from it really help to focus on the product market in the west Africa region.