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 of International Energy Markets & Pricing
- 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
International Energy Markets & Pricing 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
