Oil Trading Companies In Singapore

what does “traders” mean in the context?

Here is the contexts:

When they are referring to traders it is different then what you are thinking. The hire traders to go out into the fuel market and buy gas futures at cheaper prices with the anticipation that the fuel cost will be rising. What happens is they are trying to turn the fuel expense into a fixed cost rather than a variable cost of doing their business. Sometimes it works and sometimes it does not.

Think of it as playing in the options market. A seller wants to guarantee they have product sold so they issue an option at a specific price to lock in an income. The buyer is expecting the price of fuel to rise above the option price on the market. They have already bought their current needed fuel, so they are looking out into the future purchases with their option. Thus on the market you will see pricing of gas futures out 6-12 months from current month.

Hopefully this helps some.

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