How to get a start in physical oil trading/ops/scheduling?

4 stars based on 38 reviews

More recently, the firm has gained recognition as the leading practice for carbon- and emission-reduction credit trading. The commodities trading group offers clients a broad, interdisciplinary, and integrated set of legal resources that are unique to Hunton Andrews Kurth. The practice provides legal insights and guidance that enable clients to meet the challenges of an increasingly complex regulatory framework. Our clients include multinational oil companies, investor-owned utilities, power project developers, midstream operators and coal, oil and gas producers, as well as financial institutions, such as broker dealers, exchanges, trading houses and hedge funds.

Attorneys in the commodities trading group are located in London, Houston, Washington, New York and other offices across the globe. In the US and Europe, the commodities trading group supports energy-trading clients in financial and physical trades for energy commodities that include electricity, coal, lignite, crude oil, refined products, propane, natural gas and LNG. The Working Group is a diverse group of commercial energy firms, including producers, marketers and utilities, that considers legislative and regulatory developments with respect to the trading of energy commodities.

The firm provides strategic, policy, regulatory and related transactional advice to the Working Group addressing the implications of various OTC derivatives reform legislation and regulatory initiatives commenced by the CFTC.

The firm has prepared legislative language and position papers for use by clients in response to requests from Congressional staff. With regard to CFTC regulatory matters, the firm is representing the Working Group in multiple proceedings relating to the proposed designation of several electricity, natural gas and oil contracts traded on certain exempt commercial markets as significant price discovery contracts, as well as in the rulemaking to impose Federal speculative position limits on: Attorneys in our group frequently negotiate master netting contracts, including netting agreements among international parties.

We also represent market participants in the drafting and negotiation of structured transactions related to commodities, such as intermediation structures and long-term supply agreements. We have developed customized swap confirmations agreements for use pending the execution of formal master trading agreements, as well as synthetic, off-exchange futures trading, cash-settling energy options and option-based products, as well as all traditional swap and basis trading activities.

We represent a variety of participants in the primary and secondary greenhouse gas emission reduction credit and allowance markets. The team regularly represents US- and foreign-based entities participating in the compliance and voluntary carbon markets for hedging, speculative and pre-compliance purposes. The US emissions trading practice advises clients on the structuring of innovative trades, advising on carbon funds, advising on Kyoto Protocol projects outside the US, setting up template forms to enable buyers and sellers to transact carbon trade under a voluntary regulatory paradigm, conducting due diligence on voluntary carbon projects and advising large corporate entities on the development of strategic compliance plans for an emerging carbon market.

Attorneys in this group are experienced in physical and financial carbon trades although the majority of the trades currently are physicaland US attorneys regularly work in both the voluntary and the compliance carbon markets involving the Kyoto Protocol and the EU Emissions Trading Scheme. We help clients with various matters with the National Futures Association and state-level commodity pool laws.

We have negotiated master netting agreements for clients, and are conversant with all of the market standard forms and many proprietary forms. Many of these agreements have involved multiple affiliates located in several different countries and trading under a wide spectrum of master agreements. This website uses cookies to collect certain information about your browsing session.

By collecting this information, we learn how to best tailor this site to our visitors. To learn more, view our Cookies Policy. I Agree No Thanks. The combined firm brings together preeminent energy practices, as well as sophisticated capital markets, financial services and commercial litigation practices.

Hunton Andrews Kurth has 1, lawyers operating from 15 domestic and five international locations. Our new website, HuntonAK. In the meantime, please proceed to our site or visit andrewskurth.

Atlanta Austin Bangkok Beijing. Boston Brussels Charlotte Dallas. Houston London Los Angeles Miami. New York Norfolk Raleigh Richmond. Energy Commodities Trading In the US and Europe, the commodities trading group supports energy-trading clients in financial and physical trades for energy commodities that include electricity, coal, lignite, crude oil, refined products, propane, natural gas and LNG.

Master Netting Agreements We have negotiated master netting agreements for clients, and are conversant with all of the market standard forms and many proprietary forms. Publications Adjudicating scientific disputes in climate science:

Daily forex signal

  • Banc de binary account login

    Il binario milano

  • Dataset-osmbin-06

    Benefits of gold binary options review

Is millionaires blueprint scam binary option robot software reviews

  • Islamic binary options trading robot 2014

    99 binary options top brokers 2016

  • Wholesale binary options books amazon

    Mortgage brokers online uk

  • Options calculator interactive brokers

    Lpc21isp binary options binary options trading in mauritania

Free forex training forex online option trading ca

18 comments Methods of trading binary options for dummies

Tax implications of issuing employee stock options

One of the key objectives of the EITI is to shed light on the return that a country gets in exchange for its oil, gas and minerals. In many resource-rich countries, payments by companies to the government for rights to extract resources happen in-kind, through physical transfers of oil, gas and minerals, rather than transfers of money.

Physical revenues can also occur because the state or a state-owned enterprise SOE owns shares in a producing license. The state or the SOE then sells these physical resources, often to trading companies or domestic refineries. In order for governments implementing the EITI to fully account for all revenues received from natural resources , it is therefore necessary to know how much revenue the state or SOE gets from the sales of these resources as well as whether these sale proceeds are transferred to the budget.

This includes exports sales as well as sales to domestic buyers and refineries, and any other actors. In some countries, like Iraq, the buyers of the oil from the government also disclose how much they pay to the government, allowing for reconciliation of these figures.

Implementation of this requirement has been particularly challenging for many EITI member countries. The objective is to assist implementing countries with significant commodity trading activities in identify and consider innovative mechanisms to increase transparency in revenues received from the commodity sales.

Several EITI countries are part of the targeted effort to further transparency in commodity trade:. Chad recently confirmed its official participation in the targeted effort, and is considering reporting on the long-term agreement between the Government of Chad and Glencore that includes a USD 1. A national working group has been established to prepared reporting templates. GNPC sells its production share and royalties collected in-kind from other companies on behalf of the state to commodity trading companies.

Ghana committed to participate in EITI's targeted efforts to improve commodity trading transparency during the Anti-Corruption Summit in London May , and GHEITI has prepared a programme for their work on commodity trading transparency outlining the following objectives:. Pertamina then transfers payments to the treasury.

On 1 January , Pertamina started conducting its import and sales export activity of crude oil and refined products through the Integrated Supply Chain ISC. The procurement and sales are done either through direct negotiation or closed tender to business partners that are registered with Pertamina. Presently, Nigerian SOE NNPC publishes production, lifting and sales values in aggregates but does not disclose details on off-takers and the beneficial owners operating in commodity trading.

As such, the commodity trading report will aim to:. The Treasury already publishes monthly reports on the state's sales of in-kind oil revenues, but the EITI Report will explain the operations of the Chinguetti partners' pricing committee, biennial procurement of the marketing agent and sales of quarterly cargos.

Additional information including product type, price, market and sales volumes will also be disclosed. A working group has been established to support the targeted effort, consisting of international trading companies, NGOs, and SOE representatives. The guidance has three intended audiences: This paper is a stocktake of commodity trading transparency in select EITI implementing countries, aiming to shed light on the extent to which the level of transparency about the first sales have improved as a result of the EITI's increased focus on commodity trading transparency.

This would include countries developing innovative approaches on transparency in commodity trading that go beyond the minimum requirements. The objective is to help the EITI become as effective a vehicle as possible for advancing the broader aim of improving transparency of commodity trading.

To achieve this, a multi-stakeholder working group on transparency on commodity trading has been created. Working group participants are committed towards playing a demonstrable role in strengthening government and company systems, informing public debate, and enhancing trust. Skip to main content. Please enable JavaScript for full use of this site. Targeted effort on commodity trading transparency. Several EITI countries are part of the targeted effort to further transparency in commodity trade: Albpetrol receives profit share in-kind from licensees in exchange for their rights to produce oil, as well as equity oil as a return on investments from the projects that Albetrol has decided to participate in.

Volumes of oil sold and revenue received, including quantities forecasted to be traded under the contract - k tons in - as well as actual quantities sold during FY , notably 85k tons. The actual sales values and price are disaggregated by month. Information about the process for selecting buyers, including an overview of how auctions are conducted.

A summary of the auctions in , and are disclosed, including the forecasted sales volume of the annual contract, the auction starting price, the winning bid, the name of the company winning the bid, the name of non-winning applicants and links to further information. Explanation of the pricing system. The auction start price is set with reference to Brent oil prices through a formula that considers quality of oil to be delivered, access to international markets etc.

The price includes adjustments for the transport costs in consideration to the delivery point. Transfer and expenditure of oil sale proceeds. According to the report, it seems like Albpetrol retains the revenue from both the sale of profit oil and the sale of equity oil. View case study on Albania Visit Albania's country page.

Chad Chad recently confirmed its official participation in the targeted effort, and is considering reporting on the long-term agreement between the Government of Chad and Glencore that includes a USD 1. Ghana committed to participate in EITI's targeted efforts to improve commodity trading transparency during the Anti-Corruption Summit in London May , and GHEITI has prepared a programme for their work on commodity trading transparency outlining the following objectives: A commodity trading report is expected in October Link to work programme Visit country page.

The commodity trading report is expected in August As such, the commodity trading report will aim to: Case studies, new and events. Related documents on commodity trading. Commodity trading transparency stocktake Published Date: ToR for a targeted effort on transparency in commodity trading Published Date: Guidance note 26 - Reporting on first trades in oil Published Date: Guidance note 26 — Requirement 4.

A brief on how the EITI can be a tool for improving transparency in the oil trading business. Terms of Reference for the working group on transparency in commodity trading Published Date: