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The Oil Traders' Word(s): Oil Trading Jargon by Stefan van Woenzel
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About meI worked from 1989 to 1998 (ten years) in oil logistics at Van Ommeren (Vopak) in Rotterdam. Since 1999, I am working at Statoil in Norway. I did gasoline trading from 1999 until 2005, heavy fuel oil trading from 2006 until 2008, crude oil trading from 2009 until 2010, and today I am active in crude business development/origination. I have always been a curious person wanting to know and to learn as much as I can. Since I started working in the oil business, I have never been able to find a good glossary, which is related to the oil trading and logistic activity. I give trading courses in Statoil, and I always take time to share competence. But I am also open for the opinions of others as well and learn to improve. I was born and raised in Rotterdam, one of the biggest ports in the world. A place where people do not complain and work hard. I always say: “I am a 100 percent Rotterdamer. Now I live in Stavanger, Norway. Living in Norway is fantastic. I learned here how important the quality of life is. Me and my family are really enjoying life in a safe, clean country with mountains, fjords, skiing opportunities, fishing and grilling opportunities. Also the working environment in Norway is perfect. Although I do not have a master degree in trading, I enjoyed the opportunity to make time available for writing a book related to my working environment. And I hope that all the people having a job related to the commercial and logistic side of the oil business can benefit from what I have written. Our oil trading jargon is explained according to my interpretation.
About my libraryA book which can be used as a guide for understanding the words being used at the commercial side of the oil business. The Oil Traders’ Word(s) is a great book which helps new people in the oil business understanding what traders are talking about. Also a great book for other people having a job which is related to the oil traders decisions like, storage companies, brokers, ship agents, banks, inspectors and more.
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Member sinceJul 18, 2012