Training Course: International Energy Markets & Pricing

Introduction

This 5-Day accelerated Blackbird training course is designed to give delegates a comprehensive picture of the global energy obtained through fossil fuels and renewal sources. The overall dynamics of global energy industry are explained with the supply-demand dynamics of fossil fuels, their price volatility, and the associated geopolitics.

The energy sources include crude oil, natural gas, LNG, refined products, and renewables – solar, wind, hydro, and nuclear energy. The focus on the issues to be considered on the sales, marketing, trading and special focus on the price risk management.

Course Objectives

• Gain broad perspective of global oil and refined products sales business, supply, transportation, refining, marketing & trading.
• Boost their understanding on the fundamentals of oil business: quality, blending & valuation of crude oil for trade, freight and netback calculations, refinery margins calculations, & vessel chartering.
• Master the Total barrel economics, Oil market futures, hedging and futures, and price risk management.
• Evaluate the technical, commercial, legal and trading aspects of oil business with the International, US, UK, and Singapore regulations.
• Confidently discuss the technical, commercial, contractual, legal, financial regulatory concepts and buzzwords with your peers and clients.

Course Outlines

Day 1
Essential Petroleum Upstream Practices

• Introduction to Course.
• Introduction to How Oil was Formed.
• Fundamentals of Oil & Gas Geology and Petroleum Engineering.
• Well Logging and Well Completion.
• Essence of International Oil Supply – Global Reserves, Production & Trade.
• Fundamentals of Oil Economics.
• Renewables Sources of Energy and their Levelized Cost.

Day 2
Crude Oil Trading - Big Picture

• The Evolution of International Oil Pricing System – The Big Picture.
• Trading Physical Crude Oil and its Logistics.

Day 3
Refined Products Prices and Trading

• The Trading Refined Products.
• Refining I – Basics.
• Refining II - Conventional Refinery Upgrading.
• The Price of Refined Oil Products.

Day 4
Energy Price Risk Management

• Oil Products Price Risk Management.
• Measuring Risk.
• The Forward Market.
• The Future Market.
• The Swaps Market.
• The Options.
• Crack Spreads.

Day 5
Legal and Regulatory Issues

• Legal and Regulatory Issues.
• International.
• United States.
• United Kingdom.
•  Singapore.
• Controlling Financial Risk.