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Commodities Briefing - Categorized | Market Moves, Oil more

Looking back: Oil market’s future is different from its past

Posted on 11 April 2014

By 1994, the oil industry had changed irrevocably due to the increased use of derivatives. Oil was once an internationally regulated utility run by the major oil companies and their home governments. The global industry consisted of a core group of vertically integrated oil majors, a large number of ‘national champion’ state-owned oil companies and some independents.
There were practically no trading companies, and their role was marginal. As for oil careers, they were much more like civil service jobs than they are today – any senior executive at a major oil company could count on getting highly paid in a much more secure environment than today’s………………………………………..Full Article: Source


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VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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