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.
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.