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Article: More deals to cut, more risks to take. (Market Roundtable; Refining Report)
- Article from:
- The Oil Daily
- Article date:
- March 26, 1990
- Author:
CopyrightCOPYRIGHT 1990 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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More Deals to Cut, More Risks to Take
VOLATILE and dynamic oil markets are a fact of life for refiners and marketers in the 1990s, with bottom-line economic performance increasingly tied to every flicker of the now ubiquitous pricing "screens." Most of the crude oil purchased by refiners nowadays is linked to the spot market via formula mechanisms, and the products sold (whether spot or via the wholesale rack) are effectively wired into the quick-moving futures and cash markets.
Oil traders and brokers played a key role in the price and market revolution of the 1980s, and are certain to be in the forefront of change in the years ahead. To address the key ...