Intermediate Energy Trading, Hedging, Portfolio and Risk Management
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Intermediate Energy Trading, Hedging, Portfolio and Risk Management Course
Introduction:
This Intermediate Energy Trading, Hedging, Portfolio, and Risk Management training course is designed to give delegates a comprehensive picture of the crude oil, refined products, and biofuels markets, risks, and legal and regulatory issues involved in the international trading of crude oil and these products. It is presented with the wide range of essential engineering practices of the petroleum industry spanning exploration, extraction, refining, global oil supply, reserves, production & trade flows. With the overview of these essential upstream and midstream practices, the downstream industry 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 the most active parts of the value chain, and extremely important for managers to stay on top of these activities.
Course Objectives:
By the end of this training course, participants will learn to:
- Gain business acumen in the wide-ranging subjects of upstream production to the downstream sales, marketing, and trading of crude oil, refined and renewable products
- Understand the critical crude oil pricing dynamics and the use of crude oil benchmarks
- Develop price-risk management strategies using hedging instruments
- Acquire essential legal and regulatory issues relating to trading in the global markets
- Reduce the overall risk of the Petroleum Industry and maximize the value chain profitability
Who Should Attend?
This Energy Training Centre training course is suitable for a wide range of professionals but will greatly benefit:
- Business & Development Managers
- Corporate Planners
- Lawyers & Law Firms' Personnel
- Geoscientists, Engineers, and Refiners
- Bankers, Accountants
- Auditors
- Media Personnel Who Interface with Traders and Trading
- Government Regulators
- Tax & Finance Advisors
- Compliance Officers
- Equity and Financial Analysts
- Joint Venture Officers
- Negotiators
- Those Who Moved from Elsewhere to Trading
Course Outlines:
ESSENTIAL UPSTREAM PRACTICES & SALES OF OIL
- Fundamentals of oil & gas geology and petroleum engineering
- Well-logging and well-completion
- The essence of international oil supply – Global reserves, production & trade
- Fundamentals of oil economics
- Crude oil trading
- Evolution of oil prices
- International oil pricing
- What drives crude oil pricing
- Crude oil valuation (Netback & quality differentials)
- Benchmarks/formula price
- Price reporting agencies and their roles
REFINED PRODUCTS TRADING AND THE FUTURE REFINERIES
- Refining I - Refinery Basics
- Simple Chemistry for Non-Chemists
- Crude Oil Properties and Crude Oil Assay
- Basic Refining Processes
- Refining II – Conventional Refinery Upgrading
- Cat Cracking
- Hydrocracking
- Visbreaking
- Coking
- Blending Refinery Economics
- Oil Products and Quality
- Markets / Benchmarks
- Pricing Refining Products
- Crack spreads
- Arbitrage
- Oil Logistics and the Art of Trade
- Delivering oil products
- Delivery Term
- Other pricing bases for refined products
- Oil Contracts and its important components
- Storage
- The Future of Refineries When the transportation fuels demand decreases
PETROCHEMICALS BUSINESS AND THEIR TRADING
- Petrochemical Basics – The family of Seven Groups
- The various feedstocks for petrochemicals
- Chemicals from Paraffins Hydrocarbons
- Chemicals from Olefins Hydrocarbons
- Chemicals from Aromatic Hydrocarbons
- Chemicals from Non-Hydrocarbons
- The transformation of Refineries when fuel demand goes down
- Benefits of Integrating Refining & Petrochemicals
- Understanding the concept of Oil to Chemicals
- The widespread use of Petrochemicals
- Monomers, Polymers Plastics
- Markets / Benchmarks
- Pricing
RISK MANAGEMENT
- The Price Volatility
- The benching marking of Refined Oil Products prices
- History of oil prices and how the benchmarks evolved
- The components of the oil price
- Trading the time spread: contango
- The value of product grade differential
- Crude Oil Price Risk Management
- The types of risks
