The Rivers of Money

Modern oil trading, as we know it today, has its roots in the 1970s, especially after the collapse of the vertically integrated structure of the oil industry, controlled by oil majors. “In this engaging and insightful book, Adi Imsirovic and Colin Bryce chronicle the evolution of oil trading over the past 50 years, highlighting the colourful and daring characters who shaped its history. These traders not only helped revolutionize the industry, but also managed to navigate the turbulent aftermath of the Russia-Ukraine war without triggering a major spike in oil prices.” —Adrian Binks, Chairman and CEO, Argus Media “Every technological revolution challenges the role of the individual - and nowhere is this more evident than in the world of oil trading. In this captivating account, Adi and Colin trace the rise of the modern oil market through the stories of individual traders who built it. As artificial intelligence reshapes our industry and the world, understanding the human forces behind trading has never been more critical. This book offers a compelling guide to the social dynamics that continue to drive the market.” —Dave Ernsberger, Co-President, S&P Global Commodity Insights “Oil makes the world go round and this book provides the reader with the past, present and future - a must read.” —Neal Shear, Member of the Board of Directors, Cheniere Energy Inc. “A great read—a fascinating, very entertaining and very timely history on the development of oil trading and the energy derivatives marketplace. A must read for anyone interested in the evolution of oil trading from open outcry ‘pit trading’ to the world of electronic exchanges.” —Gary R. King, President, Intercontinental Exchange, ICE Futures Abu Dhabi Adi Imsirovic has 35 years of experience in oil trading, having held a number of senior trading positions. He is currently a lecturer at the Master's course in Energy Systems, Department of Engineering, University of Oxford and a Senior Associate (Non-resident) in the Energy Security and Climate Change Program at the Centre for Strategic and International Studies (CSIS) in Washington. Colin Bryce is a founding partner of the energy consultancy Energex Partners. Previously, he worked at Britoil’s Supply and Trading division, Morgan Stanley where he helped establish its oil trading business outside the United States, and the British National Oil Corporation (BNOC). Modern oil trading, as we know it today, has its roots in the 1970s, especially after the collapse of the vertically integrated structure of the oil industry, controlled by oil majors. Oil trading flourished in the 1980s, following the energy liberalisation policies in the UK and US. In the process, the largest trading companies such as Vitol, Trafigura, Marcuria and others have taken on new roles in the industry, including financing of major new projects. The authors Adi Imsirovic and Colin Bryce have participated in oil trading during its pivotal years and through knowledge of the industry, experience and contacts hope to bring to life this period in rich details with key industry interviews. A serious academic study of the social history of modern trading but written in a way that makes it accessible to a wider audience, this book will be of interest to anyone involved in finance, economics, energy, policy, and trading.

Pagina's: 349, Paperback, Palgrave Macmillan