Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Dinerotrader

Oil Trading

Recommended Posts

Going long in crude oil following the Egypt situation which could result in a low supply from the region and subsequently high oil price .....

 

the fear is about the implications a possible closing of Suez canal will do to the overall oil market (transport costs if Suez cannot be crossed) and probably that is the reasoning for the spike higher.........at least fundamental

Share this post


Link to post
Share on other sites

Im looking at an inevitable war (or invasion) coming ahead with Syria for the allied forces and the oil prices to easily break the $120 mark in the near future and the $130 mark if the war gets prolonged by more than an year..Oil demand is going to be huge for all the sides participating in the war. Russia or China may participate as allies of Syria as being speculated..

Share this post


Link to post
Share on other sites

Crude oil is a commodity that the 21st century inherited from the 19th century, with all of its benefits and drawbacks. Of all of the traded commodities, it has the broadest impact. How the world interacts with the crude oil industry in the years to come will have a wide-reaching impact on the environment, the global economy and our daily lives.

Share this post


Link to post
Share on other sites

Crude oil is a naturally-occurring substance found in certain rock formations in the earth. To extract the maximum value from crude, it needs to be refined into petroleum products. The best-known of these is gasoline, or petrol. Others include liquefied petroleum gas (LPG), naphtha, kerosene, gas oil and fuel oil.

 

 

Oil wells are used to release the oil from within the earth. Some of the earliest developed oil wells were drilled in China using bamboo poles. These oil wells were developed in 347 A.D. for the sole purpose of providing enough fuel to create a thriving salt industry. By the 1950s, crude oil became a global energy source, which in effect killed the whaling industry by making whale oil obsolete.

 

In the crude oil industry, there are oil names (such as Brent Light Crude Oil and Bonny Light) and there are oil types (such as light, heavy, sweet and sour). Light oil has a low density viscosity, while heavy oil is of higher density. Sweet oil has less sulfur, and sour oil has excessive sulfur. The world market prefers light, sweet crude oil, largely because it requires less refinement and production time before going to market.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×

Important Information

By using this site, you agree to our Terms of Use.