Key Challenges in Managing Commodity Risk : IBM Center for The Business of Government , 2013
Key Challenges in Managing Commodity Risk : IBM Center for The Business of Government , 2013
From the document: "By April 2012, CONOCOPHILLIPS had closed the bidding on its struggling oil refinery in Trainer, Pennsylvania, at a price of $180 million. The deal might have seemed routine but for the fact that the buyer was Delta Air Lines, hardly a familiar name in the oil-refining industry. Frustrated by fluctuating fuel prices, Delta had decided to take production into its own hands, so it could exercise some control over the "crack spread," the difference between the prices of crude oil and fuel."
Authors - Tevelson, Robert, Petros Paranikas, Hemmige, HarishSubjects
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