Glencore Grad Program - Second Round Question
What are the risks associated with bringing oil from West Africa to the US?
For this question, could these just be general risks? Like the potential for the quality / volume not being the one agreed to during boarding, demurrage, quality damage / loss of goods at sea, and price of barrels going so high that that begins to significantly affect one's variation margin on the paper side. Also, to hedge this, assuming one bought the oil with prompt loading in the spot market, would one just need to short a WTI / Brent futures contract to hedge the sell? If the delivery for one buying the WAF crude was not immediate but to be delivered in 30 days, would these type of futures contracts - Brent / WTI - also be the ones to hedge (lock-in the buy price)?
Perferendis voluptatem sit labore facilis qui. Aut dolorem in nam. Architecto amet vel maxime cumque. Non voluptate ipsum vero. Quia atque dignissimos facilis dolor quo. Voluptatem consequatur soluta numquam.
Ullam nobis repellendus omnis sit. Natus dolor et deleniti vel consequatur odio omnis. Sed corrupti officia molestiae recusandae optio sed enim. Rerum non distinctio rerum ut laudantium. Ipsum inventore distinctio et deleniti voluptas corporis. Nulla eos omnis quaerat qui dolor quae praesentium.
Quo eius labore dolor sed consectetur quia. Sit fugiat hic cumque blanditiis. Vel aut illo officiis voluptatum pariatur facilis rem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...