Oil 101

Why it’s on the list: A trader’s primer on the oil business — geology, refining, grades and benchmarks, transport, and how crude and products are actually priced and hedged.

Where I saw it: In the reply thread to @WillManidis’s question, “what is the single best book you can read that will explain an entire industry?” (June 2, 2025) — a crowd-sourced list Kyle recovered by hand and saved to his Apple Note “Books To Read”; the full set of replies lives on what is the single best book… (tweet). It was listed there as “Oil 101”.

Connections

• Oil & Gas — The industry the book explains.
• Energy — The wider sector.
• Supply Chain — Refining and transport, which is most of the book.
• what is the single best book… (tweet) — the thread this recommendation came from.