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.
