Download or read book International Trade in Petroleum and Its Products written by United States. Bureau of Foreign and Domestic Commerce and published by . This book was released on 1929 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil In The World Economy written by R. W. Ferrier and published by Routledge. This book was released on 2016-03-02 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the oil industry and its impact on the world economy in the twentieth century. It examines the importance of oil in different sectors, from 1900-1973 and stresses the relevance of oil as a factor in modern economic history not only in national terms but also within an international context. The book includes chapters on American policy towards developing economies in the first half of the 20th century; the policy of Russian oil exports in the 20s and 30s; the financing of the German and French oil industries; and the role of oil in the Japanese economy, a major industrial country without oil resources. On the international front, the book covers the impact of the Middle East national oil companies, the effect of oil on the developing countries of South Ameirca and the relevance of the oil crisis of 1973.
Download or read book Soviet Oil Exports written by Margaret Chadwick and published by . This book was released on 1987 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Petroleum Trade written by United States. Bureau of Mines and published by . This book was released on 1935 with total page 790 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Trading Manual written by David Long and published by Elsevier. This book was released on 1995-01-01 with total page 1001 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 OTM 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
Download or read book Trading and Price Discovery for Crude Oils written by Adi Imsirovic and published by Springer Nature. This book was released on 2021-05-19 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today—the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil market has been monopolised by companies and governments. For only a fraction of that, oil traded in a relatively free market. As a result, we had to live with ‘big oil’, economic shocks, high oil prices, instability and wars. Using a simple concept of market power, this book will explain the meaning of ‘oil price’ and how it is established while offering a valuable lesson for other commodities. Market power is the key to understanding the ‘price of oil’. This book uses a simple concept of price-makers and price-takers to examine the evolution of oil markets, their structure, and prices. The early decades of the oil industry were competitive with low barriers to entry. Barely 25 years later, the Standard Oil company created a refining monopoly, buying oil at its own ‘posted’ price. In the following century, the cartel of major oil companies, helped by their governments, did the same at the international level. OPEC helped producing governments regain control of their own resources, but the organisation was never able to retain a similar level of control. After 1986 price collapse, OPEC abdicated the price-making function in favour of the market. While it never gave up attempts to influence prices, OPEC had to link their official prices to one of the global oil benchmarks. Modern international oil markets function because of oil benchmarks such as Brent, WTI and Dubai. This book showcases: • How oil traders played a prominent role in development of the industry • How policies of consuming nations helped oil cartels • Why and how the US price of oil was negative • How AI has changed the way markets operate and the way in which the markets are likely to change in future This book explores how oil markets grew, functioned, and have occasionally failed to do their job. The ecosystem of derivatives or ‘paper barrels’ trading in far greater volume than physical oil plays a very important role in mitigating risk. With this core tenant, setting the ‘price of oil’ is explained in detail.
Download or read book Essays on International Trade in Oil written by Farid Farrokhi and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade in natural resources occupies a small part of international trade literature. Oil alone, as the most traded natural resource, accounts for 12-15\% of world trade in recent years. The literature on international trade has included the oil industry only in multi-sector frameworks designed for manufacturing rather than natural resources. The fields of industrial organization and energy economics lack a general equilibrium framework to put the oil industry into global perspective. Both the specifics of this industry and a worldwide equilibrium analysis must come together to address trade-related questions on oil markets. I seek to further this objective.Specifically, (i) patterns of oil trade, particularly for crude oil at the level of refineries are not well-documented. (ii) Refineries' sourcing behavior and trade frictions they face are not well-understood or not yet estimated. (iii) A multi-country general equilibrium model of oil trade that incorporates the specifics of this industry has not been designed to assess counterfactual policies. I address these three voids in three chapters.In Chapter 1, I document key patterns that emerge from refinery- and country-level oil trade data. In addition, I conduct an accounting of global oil flows to deal with mismeasurements in the available oil trade data. This chapter cleans and merges multiple datasets on oil trade, production, and consumption, and make them ready to use for researchers. In Chapter 2, motivated by the key facts that emerge from refinery-level data, I structurally estimate refineries' choices of which suppliers to select and how much crude oil to buy from each. The model of refineries' global sourcing presented in this chapter is carefully specified using detailed institutional background on crude oil procurement. Further, I develop and implement a new procedure to estimate variable and fixed costs of sourcing at the level of individual buyers. This estimation procedure has substantial advantages in estimating buyers' selection decisions, and can be used in other settings. In Chapter 3, I embed my analysis in Chapter 2 into a general equilibrium model of crude and refined oil trade. The model fits well out of sample. Using the estimates to simulate the effects of counterfactual policies on oil trade and prices, I find: (i) A boom in crude oil production of a source changes the relative prices of crude oil across countries modestly which I interpret as the extent to which the behavior of crude oil markets deviates from an integrated global market.(ii) By lifting the ban on U.S. crude oil exports, annual revenues of U.S. crude oil producers increase by \$8.9 billion, annual profits of U.S. refineries decrease by \$7.1 billion, while American final consumers face a negligibly higher price of refined oil. (iii) Gains from oil trade are immensely larger than gains from trade in the existing models designed for manufacturing.
Download or read book Oil and the International Economy written by Georg Koopmann and published by Routledge. This book was released on 2022-01-26 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil price increases of the 1970s left deep marks on the world economy. They led to a massive redistribution of income in favor of oil-producing countries, and caused serious disruption of growth, imbalances in foreign trade, and problems of stability in oil-importing countries. Despite the present levelling off, the authors suggest that more price increases remain a distinct possibility.Oil and the International Economy examines the effects of rising oil prices on the international financial system and identifies ways that oil-importing countries can overcome the financial and adjustment problems caused by them. The authors project the long-term trend in real oil prices and present economic policy options to help avoid future financial problems for industrialized and developing nations alike.
Download or read book 40 Classic Crude Oil Trades written by Owain Johnson and published by Routledge. This book was released on 2022-01-31 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: The day-to-day world of crude oil traders is not usually open to outsiders. Few non-specialists appreciate how oil traders approach the markets, what their backgrounds are and how they make money. This book brings the oil trading world to vivid life by introducing the reader to 40 real-life trades or strategies that were carried out by named market participants. The 40 chapters cover different geographies and different crude oil markets, providing an unparalleled insight into how crude oil traders work and think. Oil trading developed in its current form in the 1980s and the chapters cover these early beginnings through to the present day. The trades have been grouped in sections that relate to the nature of each trade and its broader use as an example of a successful trading style. Sections cover approaches to arbitrage trading; the impact of geopolitics; logistics and storage plays; short-term versus longer term trading; managing new crude oil grades; trading crude oil derivatives. The book provides plenty of inspiration for current or prospective crude oil traders or analysts. It will also be valuable for academic researchers, business school case studies, and for anyone wanting to learn more about the individuals that shape the world’s most important commodity market.
Download or read book United States Oil Imports written by Petroleum Industry Research Foundation and published by . This book was released on 1958 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and the International Economy written by Georg Koopmann and published by Transaction Publishers. This book was released on with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil price increases of the 1970s left deep marks on the world economy. They led to a massive redistribution of income in favor of oil-producing countries, and caused serious disruption of growth, imbalances in foreign trade, and problems of stability in oil-importing countries. Despite the present levelling off, the authors suggest that more price increases remain a distinct possibility. "Oil and the International Economy "examines the effects of rising oil prices on the international financial system and identifies ways that oil-importing countries can overcome the financial and adjustment problems caused by them. The authors project the long-term trend in real oil prices and present economic policy options to help avoid future financial problems for industrialized and developing nations alike. Contents: The World Oil Market after the Oil Price Shocks; Future Trends in the Demand for Oil; Future Trends in the Supply of Oil; Balance-of-Payments and Exchange-Rate Adjustment: Current Account Developments in Times of Rising Oil Prices and Effects on Exchange Rates; The Effects of Real Oil Price Increases on Energy and Raw Material Prices; Repercussions on the General Price Level; Implications for the German Monetary and Exchange Rate Policy; Are Real Oil Price Increases a Brake on Growth?; Options for Economic Policy; The Struggle for Markets in the Oil-Producing Countries; The Oil-Producing Countries as Competitors in the Manufacturing Sector; Consequences for Trade Between Oil-Importing Countries.
Download or read book Oil Prices Energy Security and Import Policy written by Douglas R. Bohi and published by Routledge. This book was released on 2015-08-11 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1982, takes the interaction between the domestic economy and the international trade in oil and, through the use of a consistent microeconomic framework, examines the conditions under which energy and related policies may or may not improve the performance of the U.S. economy, during both normal periods and old supply disruptions. This title will be of interests to students of environmental management.
Download or read book United States Oil Imports written by Petroleum Industry Research Fundation Inc and published by . This book was released on 1958 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The International Trade of Oil written by Ali Kadhim Hussain and published by . This book was released on 1970 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Country Tubular Goods from Austria Romania and Venezuela written by United States International Trade Commission and published by . This book was released on 1985 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Country Tubular Goods from Brazil Korea and Spain written by United States International Trade Commission and published by . This book was released on 1985 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Market for North Sea Crude Oil written by Robert Mabro and published by Oxford University Press, USA. This book was released on 1986 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the North Sea's major role in today's world petroleum market, these essays examine the structure of the market, the international framework and tax regime, the function and mechanism of forward dealings, and price behavior.
