International Oil Supply Transportation Refining & Trading
OVERVIEW
Description
The business of oil and gas is multifaceted, technically complex, highly capital intensive and often confronted with potential risks and uncertainties. Today’s oil companies’ are dealing with ever increasing levels of complexity and competition. The innovative technologies in the recovery of oil are also changing the landscape of petroleum industry. Managing international supplies, refining and trading of oil require several cross-functional skills. To maximize effectiveness, managers and professionals must continually expand their business knowledge, improve their skills, and learn the latest trends in the market.
Objective
To provide participants with a better understanding of the structure, the methods of operation, the uses and the impacts of physical, financial and paper markets for crude oil and petroleum products. The course will help participants to analyze the parameters which influence prices of crude oil and petroleum products. As well as review the different oil trading markets by type of transaction. Understand the importance of transport costs in oil supply economics and hedging techniques available for protection against fluctuations in price
Who should Attend
- All those needing to gain or improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms such.
- Business Development managers
- Corporate Planning professionals
- Geosciences & Engineering professionals
- Refinery professionals
- Supply Planners & Scheduling professionals
- Auditing personnel
- Compliance officers
- Equity analyst and Bankers
- Joint Venture officers
- Negotiators and Contracting professionals
- Trading professionals
- Petroleum and associated industries staff.
COURSE OUTLINE
GLOBAL OIL SUPPLY
- Introduction to the supply and value chain: upstream to downstream
- Essence of International Oil Supply – Global Reserves, Production & Trade
- Fundamentals of Oil & Gas Geology and Petroleum Engineering
- Fundamentals of Oil Economics
- Distinct economic issues for oil and gas supply chains
OIL MARKET EVOLUTION, TRANSPORTATION AND PRICING
- Fundamentals Crude Oil Transportation – Tankers and Chartering
- Basic Principles in Pricing and Overview of Markets
- Crude Oil Markets
- Refined Products Market
- Refined Products Quality
CRUDE SALES, REFINING AND DISTRIBUTION
- Essential Elements in Crude Oil Sales Contracts – Elements of Risk
- Basic Refining II – Conventional Refinery Upgrading
- Basic Refining III – Sulfur Reduction
- Basic Refinery IV – Economics & Environmental Aspects
- Primary Logistics – Pipelines and Storages
PROFITABILITY: OIL TRADING AND RETAILING
- Introductory Concepts in Oil Trading
- Interface with retailers
- Downstream Supply Chain management
- Total Barrel Economics
- Oil Markets – description of the basic Oil market structures – Futures
- Price Exposure
RISK & PRICE MANAGEMENT
Additional Info. Group Assignments – Individual Assignments – Exams – Case Studies
- Hedging – Risk Management
- Pricing Management
- Derivatives
- Fundamentals of Crude Oil Exploration and Production
- Glossary & Abbreviations in Oil & Gas Downstream
- Oil & Gas Regulatory Agencies
- Health, Safety, and Environmental Agencies