The ABCs of Oil Trading: Upstream vs Downstream, Sweet vs Sour Oil vs Heavy Crude Oil..etc

Описание: ✅ Trade with our Sponsor Broker: Trade Nation http://www.financial-spread-betting.c...
✅ Check our website: http://www.financial-spread-betting.com/
✅ Please like, subscribe & comment if you enjoyed - it helps a lot!

Crude Oil Futures Trading Basics. http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE Oil trader terminology. Whether you're trading oil on NYMEX or you're trading with a spread bet or CFD broker it is good to know some of the terminology that is used in the industry of crude oil production, refinement and exploration.

What is the difference between upstream and downstream oil and gas?

Glossary of terms used in the trading of oil and gas industries.

Upstream - company would go out and explore for oil - drill and extract the oil
Midstream - refine the oil and transport it
Downstream - final part of the process where it is marketed and sold.
Brent - traded in the UK, benchmark for crude oil.
WTI - USA, West Texas Intermediate
Sweet - oil with little or no sulphur - the most desirable type of crude oil
Sour - greater than 0.5% sulphur, takes a bit more processing
Heavy Crude Oil - doesn't flow that well because its heavy
Probable - 50% probable reserves
Proved - 90% probability of being able to extract viable priced oil
Possible - 10%
Dry Hole - not economically viable
Directional Drilling
Vertical Drilling - drilling straight down
NPV - Net Present Value (Oil barrels x $)
BBL - Barrel of Oil
BBL/D - per day
BOE - Barrel of Oil Equivalent

The ABCs of Oil Trading: Upstream vs Downstream, Sweet vs Sour Oil vs Heavy Crude Oil..etc
   • The ABCs of Oil Trading: Upstream vs Downs...  
Best Way to Trade Crude Oil?
   • Best Way to Trade Crude Oil? 🛢️  
How Oil Moves with USD/CAD 🛢️
   • How & Why Oil Impacts The Canadian Dollar 🛢️  
Oil Crash Explained: How are Negative Oil Prices even Possible? 🛢️
   • How are Negative Oil Prices Even Possible!...  

Related Playlist
Interviewing Oil and Gas Analyst Gaurav Sharma
   • Interviewing Oil and Gas Analyst Gaurav Sh...