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Social Science : Economics | Oil And Gas : Markets Trading Pricing & Economic Framework

Economics, Beginner Economics Courses, Online A Level Economics Course,

Simpliv LLC

Summary

Price
£50 inc VAT
Or £16.67/mo. for 3 months...
Study method
Online
Duration
2 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

Overview

Review the different oil trading markets by type of transaction
Summarize the operation of the physical and financial oil markets
Review the different types of contracts: long term, spot and forward
Understand how crude oil and petroleum products are traded
Understand the pricing mechanism of crude oil and petroleum products
Analyze the parameters which influence prices of crude oil and prices of petroleum products
Review the different exchanges and their organization: the cases of NYMEX and ICE
Comprehend hedging techniques available for protection against fluctuations in prices
Understand the principle of financial derivative products like Swaps and Options

Description

A complete understanding of the physical and financial markets for crude oil and petroleum products.

Dear student,

Welcome to this online course on Oil & Gas.

This training course is designed to provide you with a complete understanding of the physical and financial markets for crude oil and petroleum products.

It is geared towards all personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms.

The course uses up-to-date global statistics and is organized into 3 parts:

PART 1: CRUDE & PETROLEUM PRODUCTS PHYSICAL TRADING

What is the value of a crude oil ?
Different types of contracts :
Long term
Spot
Forward
Main oil markets and their features
Key benchmark crudes
The role of the Price Reporting Agencies (PRAs)
Links between Trading and Shipping
Products trading
Main provisions of a sale/purchase contract
PART 2: EXCHANGES & FUTURES TRADING

The concept of volatility
Definition of contract for crude oil and petroleum products
Exchanges and their organization :
NYMEX
ICE
Main Futures Markets
Hedging principles
Hedging imperfections and associated risks
Market structure
Contango
Backwardation
PART 3: DERIVATIVES

Options : principles, basics and characteristics
Interests and limits of options
Swaps : principles, basics and characteristics
Interests and limits of swaps
By the end of this training course, you will be able to:

Review the different oil trading markets by type of transaction
Summarize the operation of the physical and financial oil markets
Review the different types of contracts: long term, spot and forward
Understand how crude oil and petroleum products are traded
Understand the pricing mechanism of crude oil and petroleum products
Analyze the parameters which influence prices of crude oil and prices of petroleum products
Review the different exchanges and their organization: the cases of NYMEX and ICE
Comprehend hedging techniques available for protection against fluctuations in prices
Understand the principle of financial derivative products like Swaps and Options


So with no further ado, check out the free preview videos and the curriculum of the course and we look forward to seeing you in the first section.

Cheers,

WR Training

Spread the wings of your knowledge

Basic knowledge
A passion for learning!

ABOUT THE COURSE

CRUDE OIL : A UNIQUE RAW MATERIAL

INTERNATIONAL OIL TRADE

PRICES ON THE OIL MARKETS

TRADING ON THE OIL MARKETS

THE SPOT MARKETS

SPOT CRUDE OIL PRICES

PETROLEUM PRODUCTS PRICE SETTING MECHANISM

THE PHYSICAL FUTURES MARKETS

THE FINANCIAL FUTURES MARKETS

DERIVATIVE PRODUCTS : SWAPS AND OPTIONS

COURSE CONCLUSION

Who is this course for?

All personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms
Energy industry journalists and reporters
Business men and financiers
Traders & Brokers

Questions and answers

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Certificates

Certificate of completion

Digital certificate - Included

Reviews

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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