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Fundamentals of Crude Oil Valuation & Pricing
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This 3-day course is designed to give attendees a comprehensive understanding of crude oil markets, their valuation and pricing. Trades have evolved significantly over the past 40 years and reflect the major changes that include market liberalisation and globalisation. Commodity, Commodity Trading, Commodity Pricing, Crude Oil Pricing, Crude Oil Valuation.

  • Course Instructor

    The course instructor has over 37 years of experience in the international oil and gas business. He has had experience of sales agreements dating back to the early 1970s with ‘life-of-field’ gas sales contracts to the U.K.’s then monopoly gas utility; BGC. 

    For over 26 years he worked for North American oil companies including ARCO, Marathon and Talisman on operations in Europe, Africa and the Middle East. 




Course dates


Dates Location Price Add dates to my diary Brochure Register
5-7 Jun 2013 London, UK £3,450.00 Add dates Download Register now
4-6 Jun 2014 London, UK £3,450.00 Add dates Download Register now

Physical trades comprise a substantial market position. However, paper trades have evolved rapidly over the past two decades and are designed to mitigate price risks and take advantage of opportunities.
 
The course has appeal to attendees from both technical and non-technical disciplines. Processes and terms are presented in clear and jargon-free language enabling attendees to rapidly grasp the fundamentals of crude oil characteristics and valuation. Attention is given to commercial value analysis and external market influences and price drivers.
 
Case studies and short exercises are included to consolidate learning outcomes.

Topics covered:

  • Global crude oil supply and demand
  • Major drivers of price; short-term and long-term
  • Understanding the Markets
  • Contrasting Physical and Paper Markets
  • The Major Trading Centres and Commodity Exchanges
  • Distinct Characteristics of Crude Oil
  • Key Contract Features
  • Terminology Used in Contracts
  • Price Behaviour and Forecasting
  • Refining manufacturing processes; cost, prices and margins
  • Refinery economics and key performance indicators; margin, utilisation, product worth and crack spread
  • Transportation; Marine and pipeline transportation logistics and illustrative costs


Who should attend?

  • Lawyers
  • Entry level traders
  • Investment Bankers
  • Fund Managers
  • NOC and IOC Marketing teams
  • Finance and Administrative Personnel
  • Government Agencies

Course Overview

The course covers the valuation and pricing of physical deliveries of crude oil, as well as the derivative (paper) markets used in forward and futures market transactions.  Understanding the trading markets is complicated by the use of technical and commercial jargon and acronyms.

This course is designed to clarify and demystify both technical and commercial aspects. You will gain an insight into the functions of the markets and the dynamics that shape crude oil markets in jargon-free language.

Crude oil transactions and contracts are explained and reviewed through the use of PowerPoint presentations and general discussions.

The key contractual terms in both physical and paper contracts are reviewed and explained and will enable you to appreciate the key drivers that are prevalent in the markets

Case study reviews and short exercises serve to consolidate learning outcomes

 

Benefits of attending:

  1. Acquiring a greater understanding of pricing and valuation in crude oil markets, and
  2. Recognise the use contracts to mitigate risks and offer opportunities


Course dates


Dates Location Price Add dates to my diary Brochure Register
5-7 Jun 2013 London, UK £3,450.00 Add dates Download Register now
4-6 Jun 2014 London, UK £3,450.00 Add dates Download Register now