Description

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 TRADINGWhat is the value of a crude oil ?Different types of contracts :Long termSpotForwardMain oil markets and their featuresKey benchmark crudesThe role of the Price Reporting Agencies (PRAs)Links between Trading and ShippingProducts tradingMain provisions of a sale/purchase contractPART 2 : EXCHANGES & FUTURES TRADINGThe concept of volatilityDefinition of contract for crude oil and petroleum productsExchanges and their organization :NYMEXICEMain Futures MarketsHedging principlesHedging imperfections and associated risksMarket structure ContangoBackwardationPART 3 : DERIVATIVESOptions : principles, basics and characteristicsInterests and limits of optionsSwaps : principles, basics and characteristicsInterests and limits of swapsBy the end of this training course, you will be able to :Review the different oil trading markets by type of transactionSummarize the operation of the physical and financial oil marketsReview the different types of contracts: long term, spot and forwardUnderstand how crude oil and petroleum products are tradedUnderstand the pricing mechanism of crude oil and petroleum productsAnalyze the parameters which influence prices of crude oil and prices of petroleum productsReview the different exchanges and their organization: the cases of NYMEX and ICEComprehend hedging techniques available for protection against fluctuations in pricesUnderstand the principle of financial derivative products like Swaps and OptionsSo 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.Also remember, as enrolled student you will have unlimited access to this material and one-on-one instructor support. So feel free to interact with us by email or simply ask us for help in the Q&A section. It will be our pleasure to help you and provide assistance.Hope to see you thereCheers,WR TrainingSpread the wings of your knowledge