The-Oil-Traders’-Word(S)-Oil-Trading-Jargon.html

Stuck for words?

A book review by Nicholas Newman 7 October 2012

Sometimes, you can be at a meeting and you have no idea what they are talking about. This is especially the case with the specialised technical business dialect used by oil traders. For instance, do you know what ‘AAA’, ‘going long’ or even ‘lay days’ means?

You will need to know at least some of these terms when you are involved in sending crude oil from Brazil to Germany via a large oil tanker across the Atlantic to Rotterdam, where it is refined and the resultant products are barged up the Rhine to a terminal in Frankfurt.

Well, AAA in this case does not stand for the American Automobile Association but Stefan van Woenzel defines ‘AAA’ as the American Arbitration Association, which provides recognised independent arbitration services between clients. http://www.oxfordprospect.co.uk/The-Oil-Traders’-Word(S)-Oil-Trading-Jargon.html

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s