chapter 1  oil trading basics  1.1  oil trading  1.2  trading characteristics of oil  1.3  the demand and supply of oil  1.4  structure of the oil marketchapter 2  oil pricing arrangements  2.1  types of pricing mechanism  2.2  fixed prices  2.3  floating prices  2.4  sources of price informationchapter 3  crude oil and product markets  3.1  introduction of crude oil markets  3.2  north sea crude market  3.3  us crude markets  3.4  product marketschapter 4  natural gas markets  4.1  natural gas energy pricing  4.2  the emergence of natural gas markets  4.3  features of natural gas pricing in the united states  4.4  natural gas price volatility and riskschapter 5  risk management instruments  5.1  long dated oil markets  5.2  futures and forward contracts of oil  5.3  forward paper markets of oil  5.4  oil futures exchangeschapter 6  oil trading administration  6.1  credit control of oil trading  6.2  oil trading taxation  6.3  oil trading contracts  6.4  legal and regulatory issueschinese translation and key to exercisesreferences