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Why Choose this Training Course?
The fossil fuel industry has a pivotal role in driving the global economy. Crude oil and the petroleum products derived from it plays an integral part in the economic activity of all nations. Crude oil and petroleum products are among the world's most important energy resources. Petroleum itself is used for numerous products, including petrochemicals, medicines, cosmetics, and thousands of other products used daily, serving as the world's primary fuel source.
This training course is designed to provide you with a complete understanding of the financial and physical markets for crude oil and petroleum products. The economic framework of the oil industry is studied in detail with a particular reference to the economic slowdown caused by pandemics. In addition, as the oil industry faces related challenges, the shale industry’s impact and new regulations in curbing carbon emissions will be examined in the oil-producing and consuming nations.
This PetroKnowledge training course will highlight the following:
Crude & Petroleum Products Physical Trading
Market Price Strategies
Concepts in Oil Trading
Petroleum Products Price Setting Mechanism
Exchanges & futures Trading
Derivative Products Swaps and Options
What are the Goals?
At the end of this Oil and Gas: Markets, Trading, Pricing and Economic Framework training course, you will be able to:
Review the different oil trading markets by type of transaction
Review the various types of contracts: long-term, spot, and forward
Understand how crude oil and petroleum products are traded
Comprehend hedging techniques available for protection against fluctuations in prices
Understand the pricing mechanism of crude oil and petroleum products
Understand the principle of financial derivatives products like Swaps and Options
Who is this Training Course for?
It is geared towards all personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum product, trading, and pricing mechanisms.
This PetroKnowledge training course is suitable to a wide range of professionals, but will greatly benefit:
All Personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum products trading, and pricing mechanisms
Oil and Gas Business Students
Energy industry Journalists and Reporters
Businessmen and Financiers
Traders & Brokers
How will this Training Course be Presented?
Participants in this training course will receive a thorough understanding of the subjects covered by the course outline with the tutor utilizing various proven adult learning teaching and facilitation techniques. Training methodology includes PowerPoint presentations, short videos, case studies, and active discussions.
After attending this training course, the organization’s employees will be better able to analyze and assess the crude oil and petroleum product markets and how the physical and financial markets are organized. Crude oil and its derivative product trading and pricing will be studied extensively.
The employer/organization will gain the following:
Understand the principle of financial the physical futures markets
Summarize the operation of the physical and financial oil markets
The impact of the Shale industry
Trends in carbon emissions and carbon trading
Crude Oil and petroleum product trading
Petroleum products price setting mechanisms
Participants will be able to develop a deep knowledge with practical solid application in the following:
Different strategies international oil trade
Trading on the oil markets
The spot markets
Basic refining economics
Petroleum products price setting mechanism
Derivative products, swaps, and options
Day One: Introduction to Crude Oil: A Finite Resource
The Fundamentals of the Energy Industry
Oil & Gas Exploration, Drilling, Production, Distribution, and Trade
The Conventional and Non-Convention Oil & Gas
The GHG Emissions and the Potential Solutions
The Downstream Oil & Gas and its Future Trends
The Economics of Downstream Oil & Gas
Day Two: A Marker Price
The Price of Oil and its Evolution
Global Business of Energy
The International Energy Pricing System
Benchmarks, Markers for Oil & Gas
Hedging – Risk Management
Day Three: Introductory Concepts in Oil Trading
Trading on the Oil and Gas Markets
The Prompt and Long-Term Markets
Prompt Price Structure
The Most widely Used Benchmark
The Standardization of Crude Oil Prices
Day Four: Petroleum Products Price Setting Mechanism
The Price Reporting Agencies and their Roles – Platts, Argus, and etc…
The Physical Oil Markets
The Financial Derivatives of the Oil Market
The Evolution of Commodities Exchanges
The Financial Derivatives of Products
Pricing Structures of Oil & Gas
The Pros and Cons of the Futures Markets
Day Five: Derivative Products: Swaps and Options
The Options Contract
The Two Types of Options Traded
The Swap Contract
The historical development of the petroleum exchanges
The Global Market of Oil & Gas: USA, UK, Dubai, and Singapore
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates
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