Author
Listed:
- Joyce Efekpogua Fiemotongha
- Abbey Ngochindo Igwe
- Chikezie Paul-Mikki Ewim
- Ekene Cynthia Onukwulu
Abstract
Global regulatory compliance plays a crucial role in shaping the operational efficiency of oil and gas trading. This study examines how international regulatory frameworks impact trading efficiency, highlighting key best practices for oil and gas traders in the 21st century. With increasing regulatory oversight, traders must navigate complex compliance landscapes to mitigate risks, streamline operations, and enhance transactional efficiency. This paper explores the direct correlation between regulatory adherence and operational performance, demonstrating how compliance strategies reduce transactional delays and optimize trade execution. Key regulatory bodies such as the International Maritime Organization (IMO), the U.S. Commodity Futures Trading Commission (CFTC), the European Securities and Markets Authority (ESMA), and the Financial Action Task Force (FATF) have established stringent compliance requirements that shape risk management protocols in the sector. Failure to comply can lead to financial penalties, reputational damage, and operational disruptions. Through a detailed analysis, this study presents best practices that ensure 100% compliance with global regulatory requirements. These include leveraging automated compliance systems, implementing robust risk management frameworks, and fostering a culture of transparency within trading organizations. By integrating advanced technologies such as blockchain for trade verification and artificial intelligence (AI) for regulatory monitoring, oil and gas traders can enhance efficiency while maintaining compliance. The paper also underscores the role of leadership in regulatory adherence, emphasizing the need for strategic decision-making in ensuring full compliance without compromising profitability. Leaders in the industry must proactively engage with regulators, invest in continuous training programs, and adopt compliance-driven operational models to sustain trading efficiency. Ultimately, this study provides a roadmap for oil and gas traders to navigate evolving regulatory challenges while maximizing operational efficiency. By adopting best practices, organizations can achieve seamless trade execution, minimize compliance risks, and enhance overall market competitiveness in a regulatory-driven global landscape.
Suggested Citation
Joyce Efekpogua Fiemotongha & Abbey Ngochindo Igwe & Chikezie Paul-Mikki Ewim & Ekene Cynthia Onukwulu, 2025.
"Global Regulatory Compliance and Its Impact on Trading Efficiency: Key Best Practices for Oil and Gas Traders in the 21st Century,"
International Journal of Scientific Research in Science and Technology, Technoscience Academy, vol. 12(3), pages 815-846, June.
Handle:
RePEc:etm:ijsrst:v12:y2025:i3:id:897
DOI: 10.32628/IJSRST2512393
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