International Business Environments and Operations 16th Global Edition test b...
About closing oil derivatives related transactions
1.
2. We at Blackhawk are approached by at least 500
supposed providers and sellers of oil derivative and
other crude oil products a year
and yet maybe only 2% of such providers have
access to real product. Surprised? You shouldn't be
at all.
3. As you may or may not know, the reality today is
that oil buyers are a dime a dozen, real fuel is the
issue.
The secondary market is for the most part
composed of "fake offers"
around the world doing a circle jerk on the Internet
as people who have the real oil already know
where to sell it.
4. In fact, you can just imagine the number of people
who have "allocation contracts"
that never get a drop of oil because they don't pay
the people they have to pay to get oil.
Read More: About Closing Oil Derivatives Related Transactions
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