Crude oil and refined
products pricing, evaluation and economics
products pricing, evaluation and economics
OIL TRADERS FINANCIAL SCHOOL
Eng
6 modules
360 GBP
Lecturer
Fixed cost for each module. Discount for booking all modules until 10 February.
More than 35 years of high profile expertise in technical and commercial operations of crude oil and refined products
Online
You can study from anywhere in the world.
About the course
This course is designed to provide an overview of crude oil and refined products supply, trading and economics including marine transportation and storage logistics. The focus will be mainly on oil trading by having a cross-functional understanding of refinery operations, optimization, inventory management, risk assessment and key elements of contract negotiations.
The course will offer:
attendees an effective and practical knowledge of supply trading
cargo operations which will enrich them with necessary skills required for making commercial decisions in buying, selling or trading crude oil and refined products
important features of global supply/demand balance, refining economics, marine transportation and freight economics including ships chartering, loading and discharge operations
PROGRAMME
28 February 2022 - Module 1
INDUSTRY OVERVIEW, REFINING PROCESS AND CRUDE OIL BASICS
INDUSTRY OVERVIEW, REFINING PROCESS AND CRUDE OIL BASICS
• Introduction to oil industry
• Upstream basics
• Crude oil production, types and characteristics
• Introduction to refinery operations
• Impact of configuration on economics
• Refinery operating cost
• Crude oil selection criteria
• Refinery feedstock types and selection criteria
• Case Study/Exercise
• Upstream basics
• Crude oil production, types and characteristics
• Introduction to refinery operations
• Impact of configuration on economics
• Refinery operating cost
• Crude oil selection criteria
• Refinery feedstock types and selection criteria
• Case Study/Exercise
2 March 2022 - Module 2
REFINED PRODUCTS TYPES, REFINING MARGINS, CRUDE OIL PRICING
REFINED PRODUCTS TYPES, REFINING MARGINS, CRUDE OIL PRICING
• Introduction to refined products
• Products yield and GPW
• Products specification and grade classification
• Products components and blending
• Refining margins and 3-2-1 crack spread
• Refinery economics & planning
• Crude oil pricing and regional enclaves
• Role of crude oil markets and global benchmarks
• Exercise / Case Study
• Products yield and GPW
• Products specification and grade classification
• Products components and blending
• Refining margins and 3-2-1 crack spread
• Refinery economics & planning
• Crude oil pricing and regional enclaves
• Role of crude oil markets and global benchmarks
• Exercise / Case Study
4 March 2022 - Module 3
REGIONAL CRUDE OIL MARKETS, SHIPPING AND FREIGHT ECONOMICS
REGIONAL CRUDE OIL MARKETS, SHIPPING AND FREIGHT ECONOMICS
• North Sea Brent market
• US Gulf crude oil & NGLS
• African & Middle Eastern crudes
• Specifics of oil contracts and supply chain
• Tanker classification and shipping operations
• Worldscale Book and marine freight economics
• Ships’ chartering and voyage cost estimation
• Tanker nominations and load/discharge operations
• Oil contracts and commercial implication
• Demurrage/Delays/Claims
• Exercise/Case Study
• US Gulf crude oil & NGLS
• African & Middle Eastern crudes
• Specifics of oil contracts and supply chain
• Tanker classification and shipping operations
• Worldscale Book and marine freight economics
• Ships’ chartering and voyage cost estimation
• Tanker nominations and load/discharge operations
• Oil contracts and commercial implication
• Demurrage/Delays/Claims
• Exercise/Case Study
10 March 2022 - Module 4
INTERNATIONAL CRUDE OIL SALES AND SUPPLY/TRADING
INTERNATIONAL CRUDE OIL SALES AND SUPPLY/TRADING
• Mechanics of physical oil trading
• International crude oil trading
• International products trading
• Arbitrage trade and backhaul economics
• Price exposure and risk management
• Hedging techniques
• Crude oil processing delas, exchange, swap
• Oil powerhouses and its influence on geo-politics
• Future challenges, carbon containment and green energy
• Exercise/Case Study
• International crude oil trading
• International products trading
• Arbitrage trade and backhaul economics
• Price exposure and risk management
• Hedging techniques
• Crude oil processing delas, exchange, swap
• Oil powerhouses and its influence on geo-politics
• Future challenges, carbon containment and green energy
• Exercise/Case Study
15 March 2022 - Module 5
OIL TRADING, COMMERCIAL REFINING AND RISK MANAGEMENT
OIL TRADING, COMMERCIAL REFINING AND RISK MANAGEMENT
• Refinery economics and planning
• Crude oil processing deals
• Oil contracts and commercial implication
• Price exposure and risk management
• Hedging techniques
• Changing landscape of global oil supply
• Exercise / Case Study
• Crude oil processing deals
• Oil contracts and commercial implication
• Price exposure and risk management
• Hedging techniques
• Changing landscape of global oil supply
• Exercise / Case Study
17 March 2022 - Module 6
EXERCISES AND CASE STUDIES
EXERCISES AND CASE STUDIES
Case # 1: Assessing three different refinery configurations and its impact on refinery profitability. The attendees will learn which configuration and mode of operation will yield the highest refining margins while selecting the best crude and feedstock.
Case # 2: Running spreadsheet simulation for a typical supply and trading organization to maximize refining profitability and trading margins under different pricing scenarios and market conditions.
Case # 3: Applying techniques for maximizing trading margins through swap, time exchange, arbitrage and back hauling. The Case will highlight how trading risk is managed through hedging using futures contract.
Case # 2: Running spreadsheet simulation for a typical supply and trading organization to maximize refining profitability and trading margins under different pricing scenarios and market conditions.
Case # 3: Applying techniques for maximizing trading margins through swap, time exchange, arbitrage and back hauling. The Case will highlight how trading risk is managed through hedging using futures contract.
LECTURER:
SYED S. HASNAIN
Syed was a Senior Marketing Manager in International Operations of Saudi Aramco Corporate HQ and recently retired. He served Saudi Aramco as the Group Head of North American markets for coordinating crude oil sales, supply and strategic planning.
An international downstream veteran with more than 35 years of high profile expertise in technical and commercial operations of crude oil and refined products with major emphasis on refinery economics, sales, marketing, supply, trading, logistics, contract negotiations, joint venture due diligence, business development and strategies.
Now he is delivering lectures in O&G sector around the globe.
An international downstream veteran with more than 35 years of high profile expertise in technical and commercial operations of crude oil and refined products with major emphasis on refinery economics, sales, marketing, supply, trading, logistics, contract negotiations, joint venture due diligence, business development and strategies.
Now he is delivering lectures in O&G sector around the globe.
360 GBP
Participation conditions
Participation conditions
12% Discount
Discount for booking all modules
until 10 February!
until 10 February!
Fixed cost for each module.
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