For all those trading oil from minute to minute, they need reliable information on what's happening in the market.
Others would argue that energy independence is the goal, and that trading oil imports for ethanol imports does little to achieve that.
First to Venezuela, where President Hugo Chavez is trading oil for healthcare.
The firm, which concentrates on trading oil, metals, ores and bulk commodities, may in the future consider floating Puma Energy, its rapidly expanding fuel station business.
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High frequency trading, oil and gas modeling, pharmaceutical research and engineering often make great demands on their computing environments.
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Rich and Green, who essentially invented spot-market trading in oil, aroused the scrutiny of the U.S. Justice Department for their shady Middle Eastern trades in the 1970s.
The companies began trading both oil futures and physical crude.
Customers aren't sure where the markets are going, and they shouldn't feel so bad because people who make their living trading the oil markets don't know where the market is going.
Among the largest underlying components of VBK, in trading today Oil States International, Inc. ( NYSE: OIS) is off about 0.7%, ARIAD Pharmaceuticals, Inc. ( NASD: ARIA) is up about 1.4%, and TW Telecom Inc ( NASD: TWTC) is lower by about 0.8%.
In 1996 Gandur made the salmon leap from the downstream activities of oil trading and marketing, which provide thin margins by moving huge volumes of other people's oil, into the upstream, which entails more risk and upfront investment but offers fatter returns. aog inked its first production-sharing contract with the oil minister of Ivory Coast to overhaul the abandoned offshore Espoir oilfield.
Kola Aluko, a Nigerian energy and aviation tycoon, founded oil trading firm Fossil Resources in 2001, then went on to become CEO of Exoro Energy- an indigenous oil exploration and production firm.
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Meantime, crude oil prices are trading slightly lower, but the oil bulls still have the overall near-term technical advantage.
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Spanish oil company Repsol was suspended from trading on Friday morning after reports emerged that Russian oil firm Lukoil, which was trading up 2.2% in Moscow, was planning to buy 30.0% of the firm to become a majority shareholder.
Early on Gandur gravitated to francophone Africa and became manager of Philbros' African oil trading operations.
In Friday trading, Longview Oil Corp. shares are currently down about 1% on the day.
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Look for choppy and sideways trading in crude oil in the coming weeks.
Oil trading consultant Lipow suspects that to lose so much money Semgroup must have ventured beyond mere futures contracts into options.
Aron was Semgroup's biggest counterparty, trading both physical oil flowing through pipelines and paper oil, in the form of options and futures.
In the early 1990s he left his position as head of oil trading at Koch Industries to head his own trading outfit called Eaglwing.
Among the largest underlying components of JKJ, in trading today Frontier Oil Corporation ( FTO) is down about 1.4%, and Flowers Foods Incorporated ( FLO) is up by about 0.2%.
This is enormous, says Andrew Lipow, a Houston oil trading consultant, noting that such a position would be equal to one-sixth of the entire U.S. crude inventory of 300 million barrels.
The disastrous oil trading may have started routinely enough.
Crude oil trading has turned choppy.
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Among the largest underlying components of VDE, in trading today Marathon Oil Corporation ( NYSE: MRO) is down about 1.6%, Hess Corporation ( NYSE: HES) is off about 2.5%, and Williams Companies Incorporated ( NYSE: WMB) is lower by about 1.9%.
Tanzania BP, an oil trading joint venture owned by the government and a subsidiary of commodity trader Trafigura, has been suspended from selling fuel for three months after refusing to do so because of a fall in oil prices, the energy regulator said.
Speculators dominate oil trading.
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Meantime, crude oil prices are trading modestly lower Wednesday morning, but the oil bulls still have the overall near-term technical advantage.
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So if my service says that Oil is trading positive between 92.50 and 95.00, I look for Oil to drop to 92.50 and call it up.
The U.S. dollar index is trading lower in early dealings Thursday, while crude oil prices are trading near steady.
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The remaining value can be attributed to oil and gas trading and energy products like natural gas, synthetic oil, bitumen and fuel oil.
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