Oil Trading Manual: A comprehensive guide to the oil markets - download pdf or read online

By David Long

ISBN-10: 185573074X

ISBN-13: 9781855730748

ISBN-10: 185573852X

ISBN-13: 9781855738522

This comprehensively up to date version of Oil buying and selling guide (OTM) covers all of the significant oil buying and selling tools and their functions; the buying and selling centres, contracts, makes use of and clients of either the actual and the terminal oil markets, and their administrative, administration, tax, and accounting implications. it is usually very important info on alterations to the foreign criminal and regulatory buildings. Created through the contributions of a number of the world over revered execs, it's the integral useful spouse for all these concerned with buying and selling during this complicated commodity.

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A price of $169/m3. e. 53/m3. Although it looks like a small difference, it is worth more than $9000 on the deal. The thermal expansion of petroleum fuels is not large. If the gasoil cargo in the example above had been loaded at an ambient temperature of 20°C it would have occupied approximately 23,707 cubic metres compared with 23,613 cubic metres at 15C. However, volumes are always corrected back t o the standard temperature of 15°C for the purposes of any price adjustment. The relative prices of specific products within a group are generally cost related though still subject to variations of supply and demand.

However, the Doctor test, copper strip and silver strip tests are also related t o sulphur content. 3 Gasolines and naphthas These are the lightest oil products that can be stored at ambient temperatures and pressures. g. ) Their IBP is usually between 40°C and 100°C and their FBP less than 200°C. They have two main uses which require different properties. Firstly, they are used t o make motor gasoline. ) For this purpose they have tight specifications on volatility, appearance and sulphur content but they also have other specifications, of which octane number is the most important.

Out of this total, 7 days' worth were held by the government in the Strategic Petroleum Reserve (SPR), and 82 days' worth was held by companies. c... _ . Gasoline 600 -Distillates -Residual Othei - 550 -- v) - E P E , 400 < 350 m .. a .. 5 OECD industry product stocks, end month stocks were minimum operating stocks. More than a third of the minimum operating stocks (20 days' worth) occupied the pipelines and tankers that transport the oil, filled the refineries that process it, and provided the "tank bottoms" for the storage facilities.

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Oil Trading Manual: A comprehensive guide to the oil markets by David Long

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