COURSE OVERVIEW

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. 

 

This course is designed to provide participants with a detailed and up-to-date overview of International Oil Supply, Transportation, Refining and Trading. It covers the global oil industry, the role of OPEC and how the international crude oil and products markets are priced; the fundamental economic drivers of the supply chain; the crude oil types, valuing crude oil based on product market prices and the role of futures markets in the oil industry; the proper methods of transportation and the types of charters (spot, time), charter parties and key terms of contracts; and the spot tanker freight costs and the significance of non-tanker logistics. 

 

During this interactive course, participants will learn the functions, types and role of oil terminals in global oil logistics; the key processes and significance of oil refining in the oil value chain and how it is structured; the role of additives, blending and secondary processing and the economic factors in refining; the refining margins, oil trading and how spot oil purchase/sale contracts are structured; the crude netbacks and refining margins, alternative crude breakevens, hedging and risk management in oil trading; the OPEC and its role in the oil market, geopolitical factors in oil markets and product markets; and the role of financial markets in oil and the emerging trends and technologies.