Essential Petroleum Brokerage Terms Explained: A Beginner-Friendly Guide to Oil Trading Lingo

Understanding the key terms and concepts in petroleum brokerage is essential for anyone aiming to work in the oil and gas industry. This standalone guide breaks down fundamental terminology used by brokers, traders, and industry professionals—from “Spot Market” to “FOB,” “Liftings,” and more. Whether you’re a newcomer or seeking to refresh your understanding, this article provides practical, easy-to-follow explanations with real-world relevance. Perfect for students, freelancers, and professionals entering the oil brokerage field.