How Trafigura Is A Private Dutch Multinational Commodity Trading Company

Senator Everett Dirksen once noted “The oilcan is mightier than the sword”. In today’s world, it is easy to see why oil can be considered the most important resource to hold. Without oil, many of the common day occurrences we take for granted would be impossible. Oil is used for almost everything; from the fuel used to drive our vehicles, to the plastics used in every facet of life, and providing the heat needed to live through the winter. In fact, the United States depends so much on oil that as a nation it uses over 20 million barrels a day. Importing oil increases the total costs because of the need to transport it from around the world. It is estimated

Oil is the product that each and every one of us use. It can be used for fuel, heating and even cooking. The most often known for unstable price is crude oil or gasoline. According to the The Economist, The main reason for price shifts of oil is oversupply. The oil production in Saudi rose 10.3 million barrels per day. This increase is the effect of a new method that I being applied to oil extraction. This method is called fracking, fracking is where they drill into tight-rock formations then gradually turning horizontal for several thousand feet more. This results to accommodations to multiple oil wells. This new approved method of oil harvesting has raised the productivity gains and reduced the cost of harvesting oil.

When transporting the minerals and fossil fuels from place to place, the trucks or transport vehicles should be checked to ensure that the leakage is kept to a

Oil is such a major industry in the both the United States and the world, so the will be an extensive number of customers affected.

Oil, known as black or liquid gold is a resource that has been the obsession of America ever since our country began to use it. It has shaped alliances, wars, and our current economic and political climate. Oil is efficient, relatively common, and now it has been found in large quantities in the Bakken Oil Fields, in North Dakota. The discovery of oil can only mean one thing, oil companies are ready to swoop in and make a profit. Energy Transfer Partners is the company with rights to construct a 1,172-mile oil pipeline to connect the Bakken oil fields with its refineries, to provide 100% domestically produced American energy to the American people.

Americans have been drilling for oil for more than half of their existence. Before the 1850’s oil was of little use and had no market for commerce as there was not one overwhelming use for it. Until around the 1850’s, when technology advanced, with it sparking search for one of the most sought after natural resources that countries would later go to war over, petroleum oil. Early inventions like the kerosene lamp provided a new stable home necessity to live by, increasing the demand for crude oil. This would be met in part by Colonel Edwin Drake, who drilled the first successful oil well in 1858. While Drake’s invention for extracting crude oil from the ground would bring about a new era for industrialization, his “black gold” would bring about an even larger effect, the environmental disasters caused by man. For over one hundred and fifty years of drilling for oil, both on shore and offshore, has led to some of the worst catastrophes to both nature and mankind. While many of these catastrophes have led to the deaths of hundreds of crew members, they have also led to long lasting effects on the environment, local and national economies, legislation, regulations, and human morale. These following effects can be seen in the most recent and most contaminated marine oil spill in history. To the media and public it’s known as the British Petroleum offshore drilling oil spill in 2010.

A proposed oil pipeline project will have the capacity to transport thounsands of barrels of crude oil to refineries in Oklahoma, Illinois, and the Gulf Coast of Texas. The Keystone XL is a 1,711-mile pipeline delivering Canadian crude oil to United States oil markets. This project is a response to the market demand for heavy crude oil in the Unites States. The pipeline will also be used to transport crude oil to the Cushing tank farm in the Midwest region. Many refineries in the Gulf Coast region provide millions of barrels per day, This region accounts for almost half of U.S. refining capacity. The refineries produce large amounts of refined petroleum product, like gasoline and jet fuel. The negative impacts of

Even though the many different modes of transportation are crucial for survival, what happens behind the scenes is the most important attribute in keeping millions of vehicles and all of the world’s population running smoothly everyday, all day. This priceless and valuable commodity is what is commonly referred to as crude oil, and after several steps of refining, useable petroleum products emerge. (How Stuff Works, 2016)

All indications are that the Company’s behavior pre oil spill was irresponsible and negligent and was potentially driven primarily by a focus to provide strong returns on their investments while compromising the integrity and internal controls of the operations. Post oil spill, the Company has had to learn from the consequences of a very costly disaster in order to stay in business and thrive. The Organization appears to understand now the need for effective communication, transparency and detailed due-diligence in all their efforts.

The trucking industry is the “life blood” of the United States economy. Carrying 9.2 billion tons in freight accounting for a little over 600 billion dollars in total revenue. (7: http://tinyurl.com/n5hfx3r)Whiles these numbers represent the trucking industry as a whole, AM trucking will be specializing in a certain field known as “oilfield trucking”. Oilfield trucking is largely dependent on the oil and gas industry, which is continually booming. With fossil fuel rich regions in Wyoming, North Dakota and Texas, the United States is set to surpass Saudi Arabia as the biggest oil and gas producer in the world. (6: p39lj94). With such a positive outlook for the future of the oil and gas industry, it insures a positive outlook for the oil field trucking industry, because everyone needs trucks, from moving rigs and equipment, to hauling oil and water away, and ‘frack’ sand and base rock. “Right now, every company is hurting for that.”(In reference to oil field trucking companies) (7: n5hfx3r)

HollyFrontier compete with a broad range of refining companies, including multinational oil companies including Valero Energy Corporation, Marathon Petroleum Corporation, Philips 66 Company, Chevron Corporation, Royal Dutch Shell Corporation, Tesoro Corporation, BP Corporation, and the biggest competitor Exxon Mobil Corporation with a market share of 16%. Because of their geographic diversity, larger and more complex refineries, integrated operations and greater resources, some of the competitors may be better able to withstand volatile market conditions, to obtain crude oil in times of shortage and to bear the economic risks present in all areas of the refining industry. HollyFrontier is not engaged in petroleum exploration and production activities and is not producing any of the crude oil feedstocks at its refineries. Also, the company does not have a retail business and because of that is dependent upon others for outlets for its refined products. Certain numbers of HollyFrontier competitors, however, obtain a portion of their feedstocks from company-owned production and have a retail outlets. Competitors that have their own production or widespread retail outlets, with brand-name recognition, are at times able to

An analysis of Sprig’s financials reveals a strong company that is poised for sustainable growth in the future. An

large and massive demands of oil (Iron Mountain, 2016). However, the above challenges can be addressed in the following ways:

A wide range of petroleum products which include gasoline, diesel, liquefied petroleum gas (LPG) and aviation fuel is produced by Petron Port Dickson Refinery (PDR), which has a rated capacity of 88,000 barrels per day and operated by Petron Malaysia Refining & Marketing Bhd. Petron subsidiaries in Malaysia has eleven strategically-located depots and terminals to distribute their world-class fuels. Therefore, they are able to ensure a continuous and dependable supply of quality fuels to their various customers through this potent distribution network.

The world’s largest producer of crude oil is Russia producing more than 5.3 million barrels per day (Barden 2017). The history of Russia’s oil industry started in the 16th