Energy Markets, Trading, Pricing, and Economic Framework

By the end of this course, participants will be able to:

- Understand the fundamentals of global oil and gas markets, including supply, demand, reserves, production, and trade flows.
- Analyze the economic and environmental impact of industry trends such as shale oil development and carbon trading.
- Interpret refining processes and economics, including refining complexity and margin calculations.
- Comprehend the structure of crude oil pricing systems, marker prices, and how prices are formed and reported in physical and financial markets.
- Explore the mechanisms of international oil trading, including spot markets, futures contracts, and pricing strategies.
- Apply risk management tools, including hedging techniques, to mitigate exposure in volatile markets.
- Differentiate between pricing structures, such as backwardation and contango, and understand their significance in trading decisions.
- Understand derivative products, including swaps and options, and how they are used for speculation and risk management.
- Assess the limitations of futures markets and the challenges of price discovery and transparency.
- Gain insight into global petroleum exchanges, including their historical development and current role in major energy hubs like the USA, UK, and Singapore.