Crude Oil and Refined Products Sales, Marketing, Trading and Risk Management Course.
Introduction
This 5-Day IRES accelerated online training course is designed to give delegates a comprehensive picture of the crude oil and refined markets, risks, legal and regulatory issues involved in the international trading of crude oil and refined products. It is presented with the wide range of essential practices of petroleum industry spanning, exploration, extraction, refining; and global oil supply, reserves, production & trade flows.
With the overview of these essential upstream and midstream practices, the industry downstream operations dealing with crude oil and refined products trading and its associated risks and uncertainties can be fully understood. Since price volatility always exists, the Price Risk Management appropriate techniques are presented in detail. Sales, Marketing, Trading and Risk Management are crucial and the most dynamic parts of the value chain, and extremely important for managers to stay on the top of these activities.
This highly interactive IRES Crude Oil and Refined Products Sales, Marketing, Trading and Risk online training program is designed to encourage delegate participation through a combination of short videos, group discussions, and business case studies designed to reinforce new knowledge and skills, and discussion of “real life” issues in their organizations.
Duration
5 Days
Who Should Attend?
This IRES online training course is suitable to a wide range of professionals but will greatly benefit:
- Business & Development Managers
- Corporate Planners
- Lawyers & Law Firms’ Personnel
- Geoscientists, Engineers and Refiners
- Bankers, Accountants
- Auditors
- Media Personnel who interface with traders and trading
- Government Regulators
- Tax & Finance Advisors
- Compliance Officers
- Equity and Financial Analysts
- Joint Venture Officers
- Negotiators
- Those who moved from elsewhere to Trading
Course Objectives
- Gain the business acumen of the wide-ranging subjects of upstream production to the downstream sales, marketing and trading of crude oil and refined products
- Understand the critical crude oil pricing dynamics and the use of crude oil benchmarks
- Develop the price-risk management strategies using the hedging instruments
- Acquire essential legal and regulatory issues relating to trading in the global markets
- Reduce the overall risk of Petroleum Industry and maximize the value chain profitability
Course Outline
Module 1: Essential 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
Module 2: Crude Oil Trading
- The Evolution of International Oil Pricing System – The Big Picture
- Trading Physical Crude Oil and its Logistics
- The Dissection of Crude Oil Price
- Oil Price Formula – Time Differential
- Oil Price Formula – Grade Differential
- Price Risk Management - Hedging the Crude Oil Price
Module 3: Refined Products Trading
- The Trading Refined Products
- Refining I – Crude Oil Properties and Processes
- Refining II – Conventional Refinery Upgrading
- Oil Products and their Qualities
- Oil Logistics and the Art of Trade
- The Price of Refined Oil Products
Module 4: Risk Management
- Oil Products Price Risk Management
- Measuring Risk
- The Forward Market
- The Future Market
- The Swaps Market
- The Options
- Crack Spreads
Module 5: Legal and Regulatory Aspects of Oil Trade
- Legal and Regulatory Issues
- International Aspects of Oil Trading
- Oil Trading, Law and International Petroleum Exchange
Enroll for this Course
We are proud to offer this course in a variety of training formats to suit your needs.
Benefits of Taking a Course at IRES
LEARN
Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.
NETWORK
Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.
GROW
Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.
FAQs & Course Administration Details:
Who else has taken this course?
| # | Job Title | Organisation | Country |
|---|---|---|---|
| 1 | Loss Controller | Kenya Bureau of Standards (KEBS) | Kenya |
| 2 | SL | KPRL | Kenya |