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Fundamentals of Crude Oil Valuation & Pricing - London
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This Fundamentals of Crude Oil Valuation & Pricing course covers everything you need to know about how oil is traded and priced in the international market. The course covers the valuation and pricing of physical cargoes of crude oil, as well as how derivatives such as oil futures and swaps are structured.

  • Course Instructor: William Pyke



Course dates

Dates Location Price Add dates to my diary Brochure Register
28-30 May 2012 London, UK £3,450.00 Add dates Download Register now

The course includes:

  • Overview of crude oil demand and supply
  • Who are the key players in the crude oil market
  • Analysis of typical crude oil qualities by region
  • Overview of the main crude oil trade flows
  • Introduction to refining processes
  • The relationship between crude oil and oil product prices
  • Crude oil chemistry and oil specifications
  • Reading a crude oil assay
  • Calculation of crude oil yields and netbacks
  • Calculating of Gross Product Worth and refining margins
  • How refiners value base load and opportunity crudes
  • Overview of the spot market and the term contract market
  • The use of pricing benchmarks: past, present and future
  • How the pricing agencies operate
  • Contractual arrangements in trading of physical oil
  • How crude oil is transported
  • The crude oil derivatives markets
  • Relationship between physical and derivatives markets
  • Hedging and basis risk
  • Sources of price data
  • Regulatory Issues and Taxation

Course overview

This is a three day course covering everything your team needs to know about how oil is traded and priced in the international market. The course covers the valuation and pricing of physical cargoes of crude oil, as well as how derivatives such as oil futures and swaps are structured.

Who should attend

  • Banks with a presence in the commodities markets
  • Swaps sales and marketing staff
  • Regulatory and taxation authorities
  • Oil refiners including planning and scheduling executives
  • Marketing executives at National Oil Companies
  • Independent exploration companies
  • Oil and commodities traders
  • Business development staff at futures exchanges
  • Fund managers
  • Private equity executives
  • Lawyers/accountants/insurers needing to understand oil valuation

Course dates

Dates Location Price Add dates to my diary Brochure Register
28-30 May 2012 London, UK £3,450.00 Add dates Download Register now


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