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Physical oil trading is a worldwide activity containing a lot of oil business terms. Traders talk about time value, contango, backwardation, refinery activity, credit, logistics, HSE and much more, hence the size of this book. An oil trader generates billions of dollars cash flow per year, so he must be able to understand the meaning of the trading language and communicate in the correct way. But you might have a job which is related to that activity, and therefore it is important to understand the discussions, as you may be linked to that cash flow. The book is therefore a great working tool for all people being related to the commercial side of oil activity. A useful book for oil companies, but also for banks, shipping agents, refineries, marketers, brokers, inspectors, storage companies, expeditors, and many more with an interest in the oil industry. The book includes popular trading expressions and conversion tables related to oil trading.
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I worked from 1989 to 1998 (ten years) in oil logistics at Van Ommeren (Vopak) in Rotterdam. Since 1999, I am working at Statoil in Norway. I did gasoline trading from 1999 until 2005, heavy fuel oil trading from 2006 until 2008, crude oil trading from 20
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