Oil Businesses, Fuel Fleet Cards,Transport Business

This website will discuss about oil trading in general and how it affects our daily lives. Oil is a commodity used extensively in every part of the economy that impacts on everything from transportation prices (airline tickets, gas pump prices, etc.) to industrial production (autos are affected) to overall employment figures. Blame and finger pointing depends on whose viewpoint: ordinary citizens blame politicians for not doing anything or enough while the politicians blame energy speculators who in turn blame increased demand from China and India.

Poverty-stricken, But Rich in Oil and Gas Resources

Oil Trading

Global trades in oil are on the headlines daily with prices climbing higher and higher into uncharted territory. Trading in oil is no different from trading in other commodities such as corn, wheat, rice or any other agricultural product. Traders in oil can be sub-classified into 3 major groups: oil producers, oil consumers and oil investors. These investors are those who speculate on the future price direction of oil. They are called “energy speculators” or “oil futures investors”.

Oil Refinery

Oil businesses, transport businesses, fuel fleet cards

The oil industry starts from the oil-producing countries (OPEC members or not) to the giant oil firms who invest enormous sums on exploration and drilling to the oil refiners down to end-users such as airlines down to individual families going on their summer vacation. Transportation sector is a big consumer of oil. The transport industry includes big trucking companies who haul food products across long distances for delivery to supermarkets, taxi fleets and corporations that maintain their own car fleets. These business firms’ use of gasoline in their operations can be further improved with fuel fleet cards that give them control and flexibility in oil usage. Fleet cards can help reduce their fuel consumption.

Oil Business Workers

This site will look at the oil industry only from a general perspective but will also discuss in greater detail its effects on businesses such as the transportation sector and the introduction of fuel fleet cards to improve flexibility of certain types of business such as taxi fleets, corporate fleets and trucking fleets.