Oil and Gas Markets, Trading, Pricing and Economic Framework:Trading Oil in International Markets

An Interactive 5-Day Training Course

Oil and Gas Markets, Trading, Pricing and Economic Framework:Trading Oil in International Markets

NASBA
Classroom Schedule
Date Venue Fees
24 - 28 Nov 2025 Dubai $ 5,950

Introduction

The oil and gas industry remains the backbone of the global energy system and a major driver of economic development. Crude oil and natural gas continue to be among the most traded and influential commodities, affecting global markets, investment flows, and national economies.

This training course provides participants with a comprehensive understanding of international oil and gas markets, exploring how prices are formed, how physical and financial trading operate, and how risk can be effectively managed. It also examines how macroeconomic factors, geopolitical influences, and market fundamentals shape global trade and investment decisions.

Through an integrated learning experience combining theory, practical exercises, and real-world examples, participants will build the analytical and commercial skills essential to thrive in today’s complex energy markets.

This GLOMACS training course highlights:

  • Global Oil and Gas Market Structures and Operations
  • Physical and Financial Trading Mechanisms
  • Price Formation and Benchmarking (Brent, WTI, Dubai, etc.)
  • Contracts, Spot, and Forward Transactions
  • Market Pricing Strategies and Hedging Tools
  • Derivative Instruments: Swaps, Options, and Futures
  • The Impact of Shale Production and Economic Cycles
  • Legal, Regulatory, and Contractual Aspects of Oil Trading

Objectives

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

  • Explain the structure and dynamics of international oil and gas markets
  • Distinguish between physical and financial trading mechanisms
  • Analyse how crude oil and natural gas prices are determined and benchmarked
  • Assess the impact of supply-demand fundamentals and geopolitical drivers
  • Understand the various contract types and pricing structures used in oil trading
  • Interpret market data and price trends for strategic decision-making
  • Apply hedging tools such as futures, options, and swaps to mitigate risk
  • Evaluate economic and financial indicators affecting oil and gas markets
  • Recognize the legal, regulatory, and compliance elements of global trading
  • Develop negotiation, analytical, and market assessment skills
  • Integrate market knowledge into organizational trading and investment strategies

Training Methodology

This training course blends theory with practical application through a variety of proven adult learning techniques, including:

  • Expert-led presentations and interactive discussions
  • Real-world case studies and market-based exercises
  • Group problem-solving and trading simulations
  • Short videos and demonstrations of live market dynamics
  • Application of analytical tools to real data and scenarios
  • This interactive approach ensures that complex topics are translated into practical, actionable knowledge.

Organisational Impact

Upon completion of this training course, organizations will benefit from employees who can:

  • Understand and interpret the dynamics of international oil and gas markets.
  • Analyze market fundamentals and pricing mechanisms for better business decisions.
  • Evaluate and manage financial exposure and commodity risk effectively
  • Improve the accuracy and reliability of market forecasts and trading strategies.
  • Support strategic and investment decisions with solid economic analysis
  • Strengthen internal capability in trading, risk management, and pricing strategy.
  • Enhance overall organizational performance in commercial and financial operations.

Personal Impact

Upon completion of this training course, participants will be able to:

  • Gain a thorough understanding of global oil and gas market operations and trends.
  • Apply advanced analytical skills to assess prices, contracts, and trading strategies.
  • Improve decision-making and risk management in a volatile market environment.
  • Strengthen their ability to interpret economic and financial data for trading insight.
  • Build confidence in negotiating and executing trading contracts effectively.
  • Enhance communication and strategic thinking within commercial and financial teams.
  • Increase professional competence and career potential in the oil and gas sector.

Who should Attend?

This GLOMACS training course is designed for professionals involved in oil, gas, and energy markets who wish to enhance their understanding of trading, pricing, and economics. It will be especially beneficial for:

  • Petroleum Economists and Energy Analysts
  • Oil and Gas Traders, Brokers, and Marketers
  • Business Development and Strategy Managers
  • Financial Analysts, Bankers, and Investment Professionals
  • Risk Managers and Corporate Planners
  • Legal, Contract, and Compliance Specialists
  • Government Officials, Regulators, and Policy Advisors
  • Consultants, Advisors, and Journalists covering energy markets
Course Outline
Day 1

Fundamentals of Upstream Business & Supply and Demand

  • The Fundamentals of the Energy Industry
  • Introduction to Petroleum Value Chain
  • Characteristics of Upstream Petroleum Industry
  • Industry players and competitive environment.
  • Upstream Project Life Cycle
  • Fundamentals of Oil and Gas Geology and Oil formation.
  • Oil and Gas Exploration, Drilling and Production
  • Oil and Gas Supply, Demand and Reserve Distribution
  • The Impact of Shale oil and Shale Gas on Oil and Gas Supply and Demand
Day 2

Crude Oil, Natural Gas and Refinery Product Pricing

  • Crude Oil Classification and Quality Indicators
  • Downstream Oil and Gas Business
  • Crude Oil Distillation and Refinery Operations and Up-grading
  • The Economics of Downstream Oil and Gas
  • Refinery Yields and Growth Product wealth.
  • Refinery Margin and profit
  • The impact of the refinery yield on crude oil prices
  • Factors affecting the crude oil prices
  • OPEC vs Non-OPEC Strategy
  • International Energy Pricing Systems
  • Benchmarks, Markers for Oil & Gas
  • Importance of the benchmarks in petroleum industry
  • The criteria for ideal benchmarks
  • The most common Crude benchmarks
  • Brent Complex (BFOETM) Benchmark
  • WTI Benchmark
  • Dubai- Oman Benchmark
  • Refinery Products Benchmarks
  • Crude Oil and Refinery Product Pricing Mechanisms
  • The delivered price of  crude oil
  • INCOTERMS ( FOB, CIF, CFR, and Ex-Ship)
  • Price Structure and Standardization
  • Absolute price component
  • Quality differential
  • Location differential
  • Time  differential
  • Natural Gas Pricing Mechanisms
  • Fixed Price
  • Indexed Gas Pricing Mechanisms
  • Gas on Gas Pricing (Hennery Hub, NBP, TTF, JKM)
  • Regulated Pricing Mechanisms
  • Price Discovery and Price Reporting Agencies and their Roles – Platts, Argus.
Day 3

Markets & Price Risk Management

  • The Physical Oil Markets
    • Barter deal agreements
    • Spot and Single cargo transactions
    • Long term contracts
  • The Financial Derivatives of the Oil Market
    • Forward Contracts
    • Futures Contracts
    • Options Contracts
    • Swaps  Contracts
  • Evolution of Commodities Exchanges
    • Exchange Organization and Clearing House
    • Initial and Maintenance Margin
    • Futures Contracts Specifications
  • The Pros and Cons of the Futures Markets
  • Hedging and Price Risk Management
    • Long and Short Position Concept
    • The payoff profile for long and short position
    • Price Hedging by Futures
    • The Basis Risk and Hedging Imperfections
  • The Financial Derivatives of Products
    • Crack Spread Concept
    • Crack Spreads (3-2-1, 5-3-2,  6-3-2-1 )
  • Pricing Structures of Oil & Gas
    • Contango vs Backwardation     
Day 4

Derivative Products: Swaps and Options

  • The Options Contract
    • Call Option
    • Put Option
  • Option Premium
  • The Two Types of Options Traded
    • American Style Options
    • European Style Options
  • Options Holder Position
    • In the Money Options
    • At the Money Options
    • Out of the Money Options
  • Hedging using Options.
    • Option holder and option writer payoff profile
    • Long Position Hedging
    • Short Position Hedging
  • The Swap Contract
  • Swaps Philosophy
  • Fixed for Floating Swaps
  • Hedging using the swaps contracts.
Day 5

Economic, Legal Principles of Oil and Gas Business and Future Trends.

  • Petroleum Economics Principles
  • Petroleum Fiscal Regimes
  • Concession and Production Sharing Contracts
  • Fiscal Tools
  • Royalty, Tax, Cost Recovery and Profit Oil Sharing
  • Joint Operating Agreements
  • Crude Oil Freight & Sales and Purchase Contracts
  • Legal and Regulatory Framework USA, UK and Singapore
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers

Endorsed Education Provider

NASBA
Options & Brochure
Related Categories
Oil and Gas
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Frequently Asked Question
For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.
Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.
You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.
GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.
Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.
GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.
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