May 20th, 2014, 7:22 am
QuoteSince I posted I've acquired Oil 101 from a friend here and while the majority of the first half of the book is very technical (and not really useful to me, but I do love the depth of the book), the second half does leave me wanting more. The info is great and touches on options, forwards, futures, and spot pricing, but only scratches the surface. Unfortunately, the seasonality section of the book is a depressing 9 pages long, no where near what I'd hope to find in such a technical book.That basically sums up what I was trying to tell you. I guess, if you need some technical guidance for a specific oil-market related topic you have a good general reference, not a lot more. The chapter on financial products wasnt helpful at all as it is very basic stuff and offers no great suprises..The chapters on refining and its inputs / outputs was kind of interesting though. Might be getting more important as residual fuels seem to be traded a lot more recently (read on bloomberg that many trading desks start trading this stuff now).QuoteWhich leads me to believe that I will continue my search. While extremely informative, oil markets have become drastically out of balance with Opec reserve/production numbers, world storage #'s, and other fundamentals. Most fundemental texts don't realize this, and continue to misinform with each new edition. A book or even white papers that give insight into the evolution of correlations and relations between products due to world events would be exactly what I'm looking for, but I don't know if it existsI am not exactly sure what you are looking for and what you mean by "out of balance"? Do you mean the issue of unreliable opec-numbers and storage? What correlations are you interested in? Different grades? Spot vs. Futures?Here is one paper someone in this forum suggested I should read (quite some time ago, cannot really remeber the details):Third oil price surgeVery global perspective, might be helpful.Bestobs
Last edited by
observer84 on May 19th, 2014, 10:00 pm, edited 1 time in total.