|
|
|
|
|
|
by leroy_masochist
4269 days ago
|
|
|
"Part of the issue is that BP also sells futures, and they have the ability to influence the futures price." BP is a huge company for sure, but it produces about 4mm bbl/d of oil and world production is 90mm. So they definitely can influence the price, but they don't exactly have the market cornered. What they can do (and other companies with more of a trading mindset, like Glencore, do really well) is utilize the information they get in real-time from the entire length of their supply chain. This isn't non-public information at all, and it'll make its way to the market within hours or days. And it also pertains only to BP's own order/production/delivery flow, which is tightly correlated to the market on a week-to-week, month-to-month basis but not on an hour-to-hour basis. |
|
|