Full Description
Modern oil trading, as we know it today, has its roots in the 1970s, especially after the collapse of the vertically integrated structure of the oil industry, controlled by oil majors. Oil trading flourished in the 1980s, following the energy liberalisation policies in the UK and US. In the process, the largest trading companies such as Vitol, Trafigura, Marcuria and others have taken on new roles in the industry, including financing of major new projects. The authors Adi Imsirovic and Colin Bryce have participated in oil trading during its pivotal years and through knowledge of the industry, experience and contacts hope to bring to life this period in rich details with key industry interviews. A serious academic study of the social history of modern trading but written in a way that makes it accessible to a wider audience, this book will be of interest to anyone involved in finance, economics, energy, policy, and trading.
Contents
Chapter One - The Introduction: The 'Rivers of Money'.- Chapter Two - Freight is the King.- Chapter Three - Difficult Deals in Difficult Places.- Chapter Four - Messy Business.- Chapter Five - The London Crowd.- Chapter Six - The Industry In Which We Were Paid.- Chapter Seven - Wall Street Warriors.- Chapter Eight - Troubles with Brent.- Chapter Nine - The White Guys in Tokyo.- Chapter Ten - China is Back.- Chapter Eleven - Market Astrology.- Chapter Twelve - An End and Two Beginnings.- Chapter Thirteen - Transparency and Trading Around Assets.- Chapter Fourteen - Traders 1 : A billion dollars is not what it used to be.- Chapter Fifteen - Traders 2 : Arcadia is in Nigeria.- Chapter Sixteen - Financialization and the Great Recession.- Chapter Seventeen - Paper Boys.- Chapter Eighteen - Epilogue.
