Difference between physical trading of crude oil and refined products
Hi all, I’m a final year high school student with a strong interest in the physical commodity trade. I was just wondering if there is any difference (in cargo sizes, day to day tasks etc) in role between a crude oil trader and a products trader or are they basically identical? Thanks in advance for satisfying ones curiosity
One looks after crude oil and the other oil products (gasoline, naptha, aromatics, olefins, etc).
not the same. The specs for each are going to be different and the product itself will have different s/d.
Different customers, different flows, different kinds of tankers... although there is obviously a relation between the two.
Day to day tasks will be similar on either desk, but the factors influencing markets are going to differ a good amount. Crude oil markets are generally going to be impacted more by global political/macroeconomic forces than products markets are -- a major conflict breaking out in the middle east is likely to have a more direct & immediate impact on crude markets than on gasoline markets, for example.
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