What is the oil trade, the world oil and gas trade

Updated on Financial 2024-03-25
6 answers
  1. Anonymous users2024-02-07

    It's the international **, part of it.

  2. Anonymous users2024-02-06

    The main forms of oil trading are oil ** trading and oil spot trading.

    The financial attributes in the formation of international oil benchmark oil are becoming increasingly prominent. Although the spot market is still the basis for the formation of the international oil benchmark oil, the market has the function of discovery, and can greatly increase the liquidity of the transaction, through the trading of the underlying varieties, it has played a leading role in the world's changes.

    The role of financial attributes in the formation of the world's leading enterprises has become increasingly prominent, and the financialization of petroleum has boosted the rise in oil prices to a certain extent.

  3. Anonymous users2024-02-05

    Table 2007 Petroleum ** (Unit: 10,000 tons) of Major Countries and Regions in the World (Unit: 10,000 Tons) Table 2007 World Major Countries and Regions** and Oil Imports and Exports (Unit: 10,000 Tons) <>

    Table World pipeline natural gas** (unit: 100 million cubic meters) <> in 2007

    Continued. <>

    Table World LNG ** (in 100 million cubic meters) <> in 2007

    Table 1987 2007 OPEC and member countries** export volume (unit: 10,000 tons) Table 1987 2007 OPEC and Dachang member countries' oil production (unit: 10,000 tons).

    Table 1987 OPEC export volume by region** (unit: 10,000 tons) <> in 2007

    Table 1987 Natural Gas Exports of OPEC and Neutral Countries in 2007 (Unit: 100 million cubic meters).

  4. Anonymous users2024-02-04

    In 2010, the total import volume was 239.31 million tons, with self-produced 100 million tons and consumed 100 million tons.

    Saudi Arabia (10,000 tons),

    Angola (3217 .).20,000 tons).

    Iran (2314 ..)70,000 tons).

    Russia (1530 .).40,000 tons).

    Sudan (10,000 tons),

    Oman (10,000 tons),

    Iraq (10,000 tons),

    Kuwait (10,000 tons),

    Libya (10,000 tons),

    Kazakhstan (10,000 tons).

    2011 was also in these countries.

  5. Anonymous users2024-02-03

    The calibration of petroleum is a very complex procedure. With the development of global oil**, different methods of oil pricing have emerged.

    The official ** of the Organization of the Petroleum Exporting Countries: refers to the standard based on Saudi Arabia's light oil****, which is the result of the struggle between the Organization of the Petroleum Exporting Countries (OPEC) and Western multinationals in the 60s of the 20th century to lower the "price tag". In the late 60s, especially since the early 70s, at all ministerial meetings, OPEC would announce the standard **** as the unified official price at that time.

    By the 80s of the 20th century, due to the growth of non-OPEC oil production, the "official price" of the Organization of the Petroleum Exporting Countries no longer had much effect, and instead it was determined by the average of the world's 7 ** (7 **package**) to determine the respective ** of the member countries of the organization. The average price of the 7 types of ** is the reference price, which is then adjusted according to the quality of ** and the freight price.

    Spot market**: Spot trading is a traditional way of buying and selling goods, and the two parties can enter into a transaction at any time and place by signing a contract for the sale and purchase of goods. There are two types of spot markets**:

    One is the actual spot transaction**; The other is the assessment of the market level by some institutions through market research and tracking.

    Transaction: The price of oil is the price of oil that is reached by a buyer and seller through an open auction on an exchange for a "standard oil contract" for a specific month in the future.

    Barter**: Some countries barter goods in exchange for what they want. When using this method, although it is calculated according to the OPEC official **, because the ** of the exchanged materials is higher than the general market price, in fact, the oil price of barter is often lower than the official **, so this is a more hidden ** discount method and trading means in the case of a weak market.

    Its most basic form is the exchange of oil for specially specified goods or services, in addition, there are various forms such as oil for debts, oil for oil, and repurchase transactions.

    The netback** is also known as the netback**. Generally speaking, the net rebate is calculated based on the spot price of refined oil products in the consumer market multiplied by their respective yields, after deducting freight, refinery processing fees and refiners' profits. The essence of this pricing system is to transfer all the downside risk to the sales side, so as to ensure the interests of refiners, so it is suitable for the situation of relative surplus in the market.

  6. Anonymous users2024-02-02

    The current situation of oil is that under the influence of supply and demand in the global market, it fluctuates greatly, but the overall trend shows a trend.

    This is due to a combination of factors such as the global economic recovery and increased demand for oil, as well as the restriction of production by some oil-producing countries. In addition, the international political situation and geopolitical risks may also have an impact on oil**.

    Under the current situation, enterprises should adopt a reasonable oil procurement strategy and actively explore diversified channels to reduce procurement costs and ensure stability. At the same time, enterprises should also strengthen cooperation with leading businessmen, establish long-term and stable cooperative relations, and jointly deal with the risks brought by market fluctuations.

    In addition, enterprises can also use scientific and technological means, such as intelligent procurement systems, to improve the efficiency and accuracy of procurement talks, and real-time monitoring of market changes, timely adjustment of procurement strategies.

    In short, the current situation of oil is affected by a variety of factors, and enterprises need to adopt reasonable strategies and countermeasures to deal with the risks brought by market fluctuations and ensure their own stability and competitiveness.

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