Consilience shares many years of front-line practical experience to provide these encyclopaedic guides to the international crude oil and refined oil product trading markets. If you are looking for a step-by-step guide to a future career as a trader or, if you are a business executive or industry professional seeking an overview of how the market works, these books will provide what you need.
Experienced crude traders know that to understand the value of the different types of crude oil that are produced around the world, they need to understand the shifting market for the products that can be manufactured from crude oil in the refining and blending processes.
Experienced refined products traders think the crude guys have it easy. Crude traders more or less sell whatever comes out of the ground: the refined product traders know that to make a margin they have to meet strict product specifications that change with the seasons and with tightening environmental legislation.
The book seeks to deploy the experience of its authors to meet the needs of the trading community and the much wider audience of professionals in industry, finance and the legal and regulatory sectors who may need an overview or deeper understanding of how trading works in practice.
Click here to read Consilience’s feature article in OilVoice “The hunt for WMDs in the oil price process” which provides context for oil pricing issues relevant to the EC raid on the Offices of BP Shell and Statoil on May 14th.
David Hobbs. Head of Research at King Abdullah Petroleum Studies and Research Center
“Consilience focuses a sometimes irreverent, but always thought provoking, lens on all aspects of oil trading and provides a valuable insight into the business”
John Gault. President John Gault S.A. Geneva. Co-Director, Executive Master in Oil & Gas, The Graduate Institute, Geneva
“The Consilience Guide to Trading Crude Oil provides a clear and comprehensive explanation of the otherwise obscure business of oil trading. It constitutes a basic reference for all those who need to understand how trading works, and especially for financial investors and market regulators. It also provides an excellent introduction and valuable reference for new recruits to the trading business. Bravo to Consilience for making this complex subject so easily understandable by a wide audience!”
Martin Lovegrove previously Chief Executive, Harrison Lovegrove & Co.
“Oil trading for the likes of me, grown up in the exploration & production business, has always seemed to be a most obscure business. This book, written by Liz Bossley, who I have known since she started work in 1978 at BNOC, is a masterpiece in unravelling the complexities and details of trading and making them easily understandable. Liz’s writing style is relaxed, which makes the book also a joy to read. Trading Oil, is indeed a book to be read by the professionals and laypeople alike. It can even be taken on holiday!”