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White Paper

The cloud & the importance of physical operations in oil trading. Why today’s trading companies need operational as well as transactional solutions.

Company: Aspect Enterprise Solutions

Aspect Enterprise Solutions case study

Category: Commodities

Published: 03 September 2013

Format:

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Overview

Trading oil used to mostly take place in the virtual world. Oil futures were bought and sold on paper only, with relatively few physical oil movements. Meanwhile millions of barrels of oil remained in storage, being traded multiple times as its value increased. But in today's financial climate the market has changed.

There is more money to be made by selling oil almost immediately after it has been bought. For today's physical trading companies, and those companies more accustomed to dealing with paper trades only, it presents key challenges. Download this white paper and discover how the market has changed, and how oil that used to remain in storage longer term, is now on the move for financial gain.

 

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Categories related to Commodities