Trading crude oil: the consilience guide

A comprehensive account of oil trading in today's markets that appeals to both industry experts and those without prior subject knowledge. An explanation of the trading silo will allow oil industry executives and their advisers to understand and manage trading and risk management activity. For new traders or regulators the knowledge provided will allow them to implement and analyse trades.  A range of topics from shipping, pipeline transportation, sale and purchase contracts to international pricing benchmarks and operational hedging of the three components of the oil price are covered.