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Home | Courses | International Oil Supply, Transportation, Refining & Trade
Date
Format
Time
Fees
12 16 Sep 2021 Live / Online 11:00 to 16:00 Dubai [GMT +4] $2,350 Register
09 13 Jan 2022 Live / Online 11:00 to 16:00 Dubai [GMT +4] $2,350 Register
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Course Description

Introduction

This 5-Day accelerated GLOMACS International Oil Supply, Transportation, Refining and Trade online training seminar is designed to give participants a comprehensive picture of the international oil supply, transportation, refining and trade. Further, this Oil & Gas online training seminar will include crude oil and refined markets, risks, legal and regulatory issues involved in the international trading of crude oil and refined products.

This online training seminar 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 also the most dynamic parts of the value chain, and extremely important for managers to stay on the top of these activities.

This online training seminar will feature:

  • Essential success factors in exploration, production, and transportation of oil
  • Important elements of petroleum refining and its economics
  • Improving refinery economics and overall profitability of oil business
  • Focusing on strategic planning and tactics to reduce corporate risk
  • Logistics of international supply, transportation and storage of oil
  • Practical aspects crude oil sales, marketing and trading

Objectives

By the end of this online training seminar, participants will be able to:

  • Understand upstream oil exploration, production & supply principles and practices
  • Understand refining process, compute refinery gross and net margins
  • Understand LP models, and develop crude oil selection criteria
  • Apply petroleum economics, calculate financial benchmarks and prioritize projects
  • Estimate costs, negotiate and compare physical deals and help write contracts for the sale of crude oil and refined products
  • Use worldscale reference to charter a ship and to calculate the profitability
  • Understand the international markets, their risks and how prices are formed and disseminated
  • Understand the hedging instruments, determine the price risk exposure and manage price risk
  • Acquire legal and regulatory issues relating to the International aspects of oil trading

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Who Should Attend?

This GLOMACS online training seminar is suitable to a wide range of professionals but will greatly benefit:

  • Business Development Managers
  • Corporate Planning Professionals
  • Lawyers & Law Firms’ Personnel
  • Geoscientists & Engineers
  • Refiners
  • Bankers & Accountants
  • Auditors
  • Members of Board and Senior Oil Executives 
  • Media Personnel who interface with traders and trading
  • Government Regulators
  • Tax & Finance Advisors
  • Compliance Officers
  • Equity & Financial Analysts and Bankers
  • Joint Venture Officers
  • Contract Negotiators
Course Outline

DAY 1

Essential Upstream Practices 

  • Course Introduction
  • 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

DAY 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 – The 2nd Component - Time Differential
  • Oil Price Formula – The 3rd Component - Grade Differential
  • Price Risk Management - Hedging the Crude Oil Price

DAY 3

Refined Products Trading 

  • The Trading Refined Products
  • Refining I – Basics
  • Refining II – Conventional Refinery Upgrading
  • Oil Products and their Qualities
  • Oil Logistics and the Art of Trade
  • The Price of Refined Oil Products

DAY 4

The 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

  • Legal and Regulatory Issues
  • International Aspects of Oil Trading
  • Oil Trading in the US
  • Oil Trading in the UK
  • Oil Trading in Singapore
  • Comparison with London and New York
  • Controlling Financial Risk
Certificates
  • On successful completion of this online training course, GLOMACS E-Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor, will be awarded to the delegates
  • Continuing Professional Education (CPE) credits : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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