Fundamentals of Petroleum Trading
by Hossein Razavi, Fereidun Fesharaki
Category: Business & Economics

Razavi and Fesharaki provide a detailed look at the workings of and issues surrounding today's oil trading market as applied to all parties involved in the production, distribution, and consumption of petroleum. They present a complete description of petroleum spot markets, futures, and options trading, as well as their interlinkages with contract sales, and challenge the generally accepted view that spot and futures trading have wrested the power of price setting away from OPEC.