A critical component of decision-making in the energy industry deals with the aspect of “Whither oil prices?”: Where do we expect prices to move in the near- and distant-terms? Participants in the Energy Industry are constantly confronted with a wide range of information regarding current and prospective prices in their industry. Broadly, this data comes from analyses of supply-and-demand changes, geopolitical events and the financial markets, including the commodity markets.
While providing the requisite background on the economics of financial commodity markets, as well as the statistical tools required to understand them, this PetroKnowledge training course demonstrates how the financial and commodity markets provide useful information for the generation of “expected prices,” or forecast prices, in the critical areas of oil, natural-gas and refined products. In so doing, the course will also demonstrate the important distinction between valuation and risk/return analyses.
This PetroKnowledge training course on Forecasting the Prices of Crude-Oil, Natural-Gas and Refined Products will develop an understanding of pricing, risk management, asset valuation and derivatives within the energy markets:
The objectives of this training course are to provide a comprehensive introduction to the computation and application of forecast prices in the energy industry, with a focus on the oil, natural-gas and refined products segments. Inter alia, the course presents the basic statistical tools required to operationalize these concepts.
At the end of this Forecasting the Prices of Crude-Oil, Natural-Gas and Refined Products training course, participants will learn to:
This PetroKnowledge Forecasting the Prices of Crude-Oil, Natural-Gas and Refined Products training course is suitable to a wide range of professionals but will greatly benefit individuals working in financial analysis, valuation, trading, risk management or quantitative analysis positions with oil and gas exploration companies; investment and commercial banking, consulting, and financial services firms in the energy sector; production and distribution companies; energy trading firms; and corporations outside the energy industry with a significant cost exposure to energy prices.
In terms of job titles, these individuals include:
This Forecasting the Prices of Crude-Oil, Natural-Gas and Refined Products training course will be presented through a combination of following methodologies:
From the perspective of the organization, the Forecasting the Prices of Crude-Oil, Natural-Gas and Refined Products training course conveys to critical personnel the:
As a means of preparing individuals for the higher managerial rungs in their organization, the skills acquired in this Forecasting the Prices of Crude-Oil, Natural-Gas and Refined Products training course include understanding the:
Part I: Option Pricing
Energy Derivative Products: The Role of Structuring, Calibration, Valuation and Hedging in Profitable Market-Making
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
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