Code Date Venue Fees
OG093 24 - 28 Sep 2018 London - United Kingdom $5,500 Register
Home » Seminars » Oil & Gas Technology » Global Energy Markets & Pricing

Introduction

This 5-Day accelerated GLOMACS training course is designed to give delegates a comprehensive picture of the global energy obtained through fossil fuels and renewal sources. The overall dynamics of global energy industry are explained with the supply-demand dynamics of fossil fuels, their price volatility, and the associated geopolitics.

The energy sources include crude oil, natural gas, LNG, refined products, and renewables – solar, wind, hydro, and nuclear energy. The focus on the issues to be considered on the sales, marketing, trading and special focus on the price risk management.   

In this training course, the participants will gain the technical knowledge and business acumen on the key subjects:

  • Understand the basic Upstream practices of crude oil, natural gas and LNG and their transportation, sales, marketing and trading
  • Ascertain the manufacturing of refined products, the measures of refinery margin, refinery economics, and sales and trade of refined products
  • Recognize the growth potential for each of the renewables, solar, wind, hydro, geothermal, nuclear
  • Measure the Levelized Cost of energy for fossil fuels and Renewables, be cognizant of comparative merits and demerits
  • Recognize the issues with supply demand imbalance, price volatility, logistics and the art of trade for crude oil, refined products, natural gas and LNG
  • Understand the Price Risk Management, measuring risk, the forward, futures and swap markets
  • Determine the legal and regulatory issues relating to international, the US, UK and Singapore markets
  • Understand the technical innovations, challenges & future trends in the global energy industry dynamics

Objectives

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

  • Gain broad perspective of global oil and refined products sales business, supply, transportation, refining, marketing & trading
  • Boost their understanding of the fundaments of oil business: quality, blending & valuation of crude oil for trade, freight and netback calculations, refinery margins calculations, & vessel chartering.
  • Master the Total barrel economics, Oil market futures, hedging and futures, and price risk management
  • Evaluate the technical, commercial, legal and trading aspects of oil business with the International, US, UK, and Singapore regulations
  • Confidently discuss the technical, commercial, contractual, legal, financial regulatory concepts and buzzwords with your peers and clients

Training Methodology

This highly interactive programme is designed to encourage delegate participation through a combination of group discussion, practical exercises case studies, quizzes and an extensive use of short videos highlighting the petrochemical operations, environmental and safety considerations to reinforce new knowledge and skills, and discussion of practical issues in their organizations.

Who Should Attend?

This Glomacs training course is designed to train and improve the business knowledge of a wide range of professionals as follows:

  • Business Development managers
  • Corporate Planning professionals
  • Sales, Marketing, Trading personnel
  • Supply Planning, Scheduling & Logistics professionals
  • Geoscience & Engineering professionals
  • Refinery professionals
  • Government regulators
  • Law professionals
  • Tax & Finance advisors
  • Auditing personnel
  • Compliance officers
  • Media personnel who interface with traders and trading
  • Equity analyst and Bankers
  • Joint Venture officers
  • Negotiators and Contracting professionals
  • Bank Official

Seminar Outline

Day 1

Essential Petroleum Upstream Practices

  • Introduction to Course
  • Introduction to how oil was formed
    • Origin, Accumulation And Migration Of Petroleum
    • Essential Requirements For Hydrocarbon Accumulation
  • Fundamentals of Oil & Gas Geology and Petroleum Engineering
    • Introduction To Oil & Gas Geology
    • Simple Anticline Structural Trap
    • Barrier or Closure – Reservoir Traps - Reservoir Mapping
    • Oil & Gas Drilling Techniques
    • Types Of Drilling – Exploration, Delineation, Appraisal, Developmental, Maintain Potential Wells
    • Drilling Circulatory System – Safety And Environmental Impact
  • Well Logging and Well Completion
    • Tools and Techniques for Evaluating Oil & Gas Wells
    • Open and Cased Well Logs
    • Functions of Well Casing
    • Benefits of Horizontal Well over Vertical well - Multilateral Well Completions
  • Essence of International Oil Supply – Global Reserves, Production & Trade
    • Introduction to global oil business - Exploration, Extraction, Refining, Marketing, Transportation
    • Global Oil Resources – World Oil and Gas Reserves, Production of Oil and Gas
    • Industry units – for the USA, Europe and Asia, Conversion factors
    • Crude Oil Classifications
    • Crude Oil Quality Indictors, crude oil characterization by Assays
    • Crude Oil Distillation – Refined Products
    • Oil Industry Units and Conversion factors
  • Fundamentals of Oil Economics
    • Delivered price of crude oil – the concept GPW (Gross Product Worth)
    • Net Refining Margin calculation
    • Value of Crude Oil and the Determining Factors in Crude Selection
  • Renewables Sources of Energy and their Levelized Cost
    • The driving forces for the renewable sources of energy
    • The wide array of renewables
      • Solar Energy
      • Wind Energy
      • Hydroelectric Energy
      • Geothermal Energy
      • Wave Energy
      • Nuclear Energy
    • The merits and limitations of renewables
    • The Levelized Cost of Energy

Day 2

Crude Oil Trading Big Picture

  • The Evolution of International Oil Pricing System – The Big Picture
    • Introduction
    • Evolution of Crude Oil Pricing System
    • The Era of the Posted Price
    • The Pricing System Challenged by Independent Oil
    • The Emergence & Consolidation OPEC Administered Pricing System
    • The Changing Landscape for IOC’s/NOC’s
    • The Collapse of the OPEC Administered Pricing – Net Back Pricing
    • The Market-Related Oil Pricing System and Formulae Pricing
    • Spot Markets, Long Term Contracts and Formula Pricing
    • Benchmarks in Formulae Pricing
    • Oil Price Reporting Agencies and Price Discovery Process
    • The Brent Market and its Layers
    • The US Benchmarks
    • The Dubai-Oman Market
  • Trading Physical Crude Oil and its Logistics – Chap 2 CON
    • Trading Fundamentals and Trading Terminology
    • Impact of Production Sharing Contracts and its components
      • Fiscal Tools
      • Cost Recovery Component
      • Profit Oil Component
      • Royalty and Tax
      • Tax Implications – Ring Fencing
      • Market Price
    • Joint Operating Agreements
    • Transportation Agreements
      • Tariffs
      • Value Adjustment Mechanism
      • Terminal Logistics
      • Floating Platform Storage Operations
    • Crude Oil Lifting Agreements
    • Marine Vessel Nomination
    • Physical Sales and Purchase Agreements
    • Freight Contracts
    • Freight Costs
      • Laytime
      • Demurrage
    • The Dissection of Crude Oil Price
      • First Component - the Absolute Price
      • What are Benchmark crudes
        • Brent
        • WTI
        • ASCI
        • Dubai/Oman
        • TAPIS
        • ESPO
        • Bonny Light
      • Criteria for Ideal Benchmarks
      • The Regulation of Benchmark Crudes
      • Determination of Absolute Value of Crude
        • Forwards and Future
        • Brent Chains
        • Credit Security and Forward Market
      • The Futures Market and Absolute Value of Oil
        • Initial Margin
        • Variation Margin
        • Physical Delivery
        • Exchange for Physical Delivery
      • Hedging the Absolute Value of Crude Oil
        • Basic Hedging Theory
        • Practical Considerations
        • Dated Brent Risk Hedged with Forward Brent Contract
        • Floating Priced Hedging
      • Speculation
    • Oil Price Formula – The 2nd Component - Time Differential
      • Arbitrage
      • Swap - the “Contract for Difference”
      • What is the right time to set the price?
      • What goes on when two traders transact a deal?
      • CFD and the time value in Oil Price
      • Value Fixation
      • Floating Fixing or Hedging value of Oil
      • Hedging and the Slope of the Forward Oil Curve
      • The Term Contract Pricing of Oil
    • Oil Price Formula – The 3rd Component - Grade Differential
      • The Crude Oil Grade
      • The Crude Oil Quality
      • The Crude Discount
      • The Refining Assay
        • Paraffinic
        • Naphthenic
        • Refining processes
      • The Gross Product Worth
      • Location and Freight
    • Price Risk Management - Hedging the Crude Oil Price
      • The Types of Risks
      • The Strategic Hedging
      • Operational Hedging
      • Risk Management Considerations
        • Correlations and Basis Rick
        • Tax Basis Risk
      • Choosing The Right Tools
        • The Company Risk Profile
        • The Company Risk Appetite
        • Market Price View
      • When to Close a Hedge
      • When Strategic Hedge Go Operational
      • Swaps
      • Options
        • Premium
        • Option Style
        • Option Strategy
        • The Zero Cost Collar
      • Option Valuation

Day 3

Refined Products Prices and Trading

  • The Trading Refined Products
    • Participants in Refined Products Trading
    • Arbitrage
    • The 24/7 Market
    • The Roll of Traders
    • The importance of Location
    • Transportation and Operations
    • Pricing and the Netback War
    • Pricing Policies Latest Trends
    • Price Fixing
    • Storage
    • Types of Oil Products
    • Supply/Demand Balance
    • Production, Consumption and Refinery Capacity
      • Light Distillate
      • Middle Distillate
      • Fuel Oil
      • Other products
    • Future Trends
    • Environmental Products
  • Refining I – Basics
    • Simple Chemistry for Non-Chemists
      • Paraffin
      • Olefins
      • Napthenes
      • Aromatics
      • Catalysts
    • Crude Oil Properties
      • API and Sulfur
      • Acid
      • Salt
      • Water
      • Metals
      • Other
    • The Crude Oil Assay
    • Basic Refining Processes
      • Separation
      • Treatment
      • Upgrading Conversion
    • Blending Refinery Economics
      • Gross Product worth
      • GPW and refiner Margin
      • Team Work
    • Refining II – Conventional Refinery Upgrading
      • Cat Cracking
      • Hydrocracking
      • Visbreaking
      • Coking
    • Oil Products and their Qualities
      • Physical Oil Products and the Grade Value of Crude
      • Quality
      • Petroleum Gases
        • Methane
        • Ethane
        • Propane
        • Butane
      • Light Distillate
        • Naphtha
        • Gasoline
      • Middle Distillate
        • Kerosene
        • Gas Oil
        • Diesel
      • Fuel Oil
      • Straight Run Fuel
      • Cracked Fuel Oil
      • LSWR
      • Bunker Fuel Oil
      • Specialty Products
        • Lubes
        • Waxes
        • Bitumen
        • Coke/Carbon Black
      • Oil Logistics and the Art of Trade
        • Delivering Oil Products
          • Shipping
          • Pipeline
          • Rail Car
          • Road Truck
        • Delivery Term
        • Other Pricing Bases for Refined Products
        • Oil Contracts
          • Split Weekends
          • Counterparties
          • Grade/Quality
          • Quantity
          • Delivery
          • Price
          • Payment Clause
          • Irrevocable Documentary Letter of Credit
          • Standby Letter of Credit
          • Parent Company Guarantee
          • Open Credit
          • Dispute Resolution
          • Nominations
          • Vetting
        • Storage
      • The Price of Refined Oil Products
        • History of Oil Prices and How the Benchmarks evolved
        • The Components of the Oil Price
        • The Absolute Value of Products Price: the Role of Benchmark
          • The Characteristics of Bench Marks
          • Choosing the Right Benchmark: Price Reporting Agencies
          • The Bid-Offer Spread
          • Regulatory Oversight
          • The Regulatory Investigation
        • The Time Differential Value of Product Price
          • Bulls and Bears
          • The Contango Arbitrage
        • Trading the Time Spread: Contango without Getting Physical
        • The Value of Product Grade Differential

Day 4

Energy Price Risk Management

  • Oil Products Price Risk Management
  • Measuring Risk
    • Strategic Hedging
    • What is a Hedge
    • What is a Hedge Loss
    • Hedging and Speculation Compared
    • The Role of Risk Manager
    • Operational Hedging
    • The Long and the Short of it
    • Opening and Closing Hedges
    • Basis Risk
  • The Forward Market
  • The Future Market
  • The Swaps Market
  • The Options
    • The Size of the Premium
    • The Option Style
    • The Zero Cost Collar
  • Crack Spreads

Day 5

Legal and Regulatory Issues

  • Legal and Regulatory Issues
    • Contractual
    • Regulatory
  • International
    • International Aspects of Oil Trading
    • Special Trade Terms
    • Standardization of Terms
    • International Sales of Goods
    • General Trade Laws
    • World Trade Organization
    • Financial Issues
    • Banks’s Role
    • Shipping Laws
    • Marine Insurance
    • Dispute Resolution
    • Impact of National Laws
    • US an UN Trade Sanctions
    • Sovereign Immunity
  • United States
    • Oil Trading in the US
    • General Commercial
    • Anti-Trust Legislation
    • Sovereign Immunity Act
    • Foreign Corrupt Practices Act
    • Commodity Trading Law
    • Specific Contracts
      • Futures & Options Contracts
      • Exchange of Futures for Physical (EFP)
      • Swaps
    • United Kingdom
      • Oil Trading in the UK
      • General Commercial Law
      • Competitive Law
      • Finance and Banking Law
      • Protection of Trading Interest Act
      • Financial Services Law
      • International Petroleum Exchange
    • Singapore
      • Oil Trading in Singapore
      • Singapore Exchange
      • Comparison with London and New York
    • Controlling Financial Risk
      • What is trading Risk?
      • Other Potential Sources of Loss
      • What are Characteristics of Energy Markets
      • Determination of Risk
      • Operations

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Global Energy Markets & Pricing


Upcoming Dates

Code Date Venue Fees
OG093 24 - 28 Sep 2018 London - United Kingdom $5,500

Introduction

This 5-Day accelerated GLOMACS training course is designed to give delegates a comprehensive picture of the global energy obtained through fossil fuels and renewal sources. The overall dynamics of global energy industry are explained with the supply-demand dynamics of fossil fuels, their price volatility, and the associated geopolitics.

The energy sources include crude oil, natural gas, LNG, refined products, and renewables – solar, wind, hydro, and nuclear energy. The focus on the issues to be considered on the sales, marketing, trading and special focus on the price risk management.   

In this training course, the participants will gain the technical knowledge and business acumen on the key subjects:

  • Understand the basic Upstream practices of crude oil, natural gas and LNG and their transportation, sales, marketing and trading
  • Ascertain the manufacturing of refined products, the measures of refinery margin, refinery economics, and sales and trade of refined products
  • Recognize the growth potential for each of the renewables, solar, wind, hydro, geothermal, nuclear
  • Measure the Levelized Cost of energy for fossil fuels and Renewables, be cognizant of comparative merits and demerits
  • Recognize the issues with supply demand imbalance, price volatility, logistics and the art of trade for crude oil, refined products, natural gas and LNG
  • Understand the Price Risk Management, measuring risk, the forward, futures and swap markets
  • Determine the legal and regulatory issues relating to international, the US, UK and Singapore markets
  • Understand the technical innovations, challenges & future trends in the global energy industry dynamics

Objectives

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

  • Gain broad perspective of global oil and refined products sales business, supply, transportation, refining, marketing & trading
  • Boost their understanding of the fundaments of oil business: quality, blending & valuation of crude oil for trade, freight and netback calculations, refinery margins calculations, & vessel chartering.
  • Master the Total barrel economics, Oil market futures, hedging and futures, and price risk management
  • Evaluate the technical, commercial, legal and trading aspects of oil business with the International, US, UK, and Singapore regulations
  • Confidently discuss the technical, commercial, contractual, legal, financial regulatory concepts and buzzwords with your peers and clients

Training Methodology

This highly interactive programme is designed to encourage delegate participation through a combination of group discussion, practical exercises case studies, quizzes and an extensive use of short videos highlighting the petrochemical operations, environmental and safety considerations to reinforce new knowledge and skills, and discussion of practical issues in their organizations.

Who Should Attend?

This Glomacs training course is designed to train and improve the business knowledge of a wide range of professionals as follows:

  • Business Development managers
  • Corporate Planning professionals
  • Sales, Marketing, Trading personnel
  • Supply Planning, Scheduling & Logistics professionals
  • Geoscience & Engineering professionals
  • Refinery professionals
  • Government regulators
  • Law professionals
  • Tax & Finance advisors
  • Auditing personnel
  • Compliance officers
  • Media personnel who interface with traders and trading
  • Equity analyst and Bankers
  • Joint Venture officers
  • Negotiators and Contracting professionals
  • Bank Official

SEMINAR OUTLINE

Day 1

Essential Petroleum Upstream Practices

  • Introduction to Course
  • Introduction to how oil was formed
    • Origin, Accumulation And Migration Of Petroleum
    • Essential Requirements For Hydrocarbon Accumulation
  • Fundamentals of Oil & Gas Geology and Petroleum Engineering
    • Introduction To Oil & Gas Geology
    • Simple Anticline Structural Trap
    • Barrier or Closure – Reservoir Traps - Reservoir Mapping
    • Oil & Gas Drilling Techniques
    • Types Of Drilling – Exploration, Delineation, Appraisal, Developmental, Maintain Potential Wells
    • Drilling Circulatory System – Safety And Environmental Impact
  • Well Logging and Well Completion
    • Tools and Techniques for Evaluating Oil & Gas Wells
    • Open and Cased Well Logs
    • Functions of Well Casing
    • Benefits of Horizontal Well over Vertical well - Multilateral Well Completions
  • Essence of International Oil Supply – Global Reserves, Production & Trade
    • Introduction to global oil business - Exploration, Extraction, Refining, Marketing, Transportation
    • Global Oil Resources – World Oil and Gas Reserves, Production of Oil and Gas
    • Industry units – for the USA, Europe and Asia, Conversion factors
    • Crude Oil Classifications
    • Crude Oil Quality Indictors, crude oil characterization by Assays
    • Crude Oil Distillation – Refined Products
    • Oil Industry Units and Conversion factors
  • Fundamentals of Oil Economics
    • Delivered price of crude oil – the concept GPW (Gross Product Worth)
    • Net Refining Margin calculation
    • Value of Crude Oil and the Determining Factors in Crude Selection
  • Renewables Sources of Energy and their Levelized Cost
    • The driving forces for the renewable sources of energy
    • The wide array of renewables
      • Solar Energy
      • Wind Energy
      • Hydroelectric Energy
      • Geothermal Energy
      • Wave Energy
      • Nuclear Energy
    • The merits and limitations of renewables
    • The Levelized Cost of Energy

Day 2

Crude Oil Trading Big Picture

  • The Evolution of International Oil Pricing System – The Big Picture
    • Introduction
    • Evolution of Crude Oil Pricing System
    • The Era of the Posted Price
    • The Pricing System Challenged by Independent Oil
    • The Emergence & Consolidation OPEC Administered Pricing System
    • The Changing Landscape for IOC’s/NOC’s
    • The Collapse of the OPEC Administered Pricing – Net Back Pricing
    • The Market-Related Oil Pricing System and Formulae Pricing
    • Spot Markets, Long Term Contracts and Formula Pricing
    • Benchmarks in Formulae Pricing
    • Oil Price Reporting Agencies and Price Discovery Process
    • The Brent Market and its Layers
    • The US Benchmarks
    • The Dubai-Oman Market
  • Trading Physical Crude Oil and its Logistics – Chap 2 CON
    • Trading Fundamentals and Trading Terminology
    • Impact of Production Sharing Contracts and its components
      • Fiscal Tools
      • Cost Recovery Component
      • Profit Oil Component
      • Royalty and Tax
      • Tax Implications – Ring Fencing
      • Market Price
    • Joint Operating Agreements
    • Transportation Agreements
      • Tariffs
      • Value Adjustment Mechanism
      • Terminal Logistics
      • Floating Platform Storage Operations
    • Crude Oil Lifting Agreements
    • Marine Vessel Nomination
    • Physical Sales and Purchase Agreements
    • Freight Contracts
    • Freight Costs
      • Laytime
      • Demurrage
    • The Dissection of Crude Oil Price
      • First Component - the Absolute Price
      • What are Benchmark crudes
        • Brent
        • WTI
        • ASCI
        • Dubai/Oman
        • TAPIS
        • ESPO
        • Bonny Light
      • Criteria for Ideal Benchmarks
      • The Regulation of Benchmark Crudes
      • Determination of Absolute Value of Crude
        • Forwards and Future
        • Brent Chains
        • Credit Security and Forward Market
      • The Futures Market and Absolute Value of Oil
        • Initial Margin
        • Variation Margin
        • Physical Delivery
        • Exchange for Physical Delivery
      • Hedging the Absolute Value of Crude Oil
        • Basic Hedging Theory
        • Practical Considerations
        • Dated Brent Risk Hedged with Forward Brent Contract
        • Floating Priced Hedging
      • Speculation
    • Oil Price Formula – The 2nd Component - Time Differential
      • Arbitrage
      • Swap - the “Contract for Difference”
      • What is the right time to set the price?
      • What goes on when two traders transact a deal?
      • CFD and the time value in Oil Price
      • Value Fixation
      • Floating Fixing or Hedging value of Oil
      • Hedging and the Slope of the Forward Oil Curve
      • The Term Contract Pricing of Oil
    • Oil Price Formula – The 3rd Component - Grade Differential
      • The Crude Oil Grade
      • The Crude Oil Quality
      • The Crude Discount
      • The Refining Assay
        • Paraffinic
        • Naphthenic
        • Refining processes
      • The Gross Product Worth
      • Location and Freight
    • Price Risk Management - Hedging the Crude Oil Price
      • The Types of Risks
      • The Strategic Hedging
      • Operational Hedging
      • Risk Management Considerations
        • Correlations and Basis Rick
        • Tax Basis Risk
      • Choosing The Right Tools
        • The Company Risk Profile
        • The Company Risk Appetite
        • Market Price View
      • When to Close a Hedge
      • When Strategic Hedge Go Operational
      • Swaps
      • Options
        • Premium
        • Option Style
        • Option Strategy
        • The Zero Cost Collar
      • Option Valuation

Day 3

Refined Products Prices and Trading

  • The Trading Refined Products
    • Participants in Refined Products Trading
    • Arbitrage
    • The 24/7 Market
    • The Roll of Traders
    • The importance of Location
    • Transportation and Operations
    • Pricing and the Netback War
    • Pricing Policies Latest Trends
    • Price Fixing
    • Storage
    • Types of Oil Products
    • Supply/Demand Balance
    • Production, Consumption and Refinery Capacity
      • Light Distillate
      • Middle Distillate
      • Fuel Oil
      • Other products
    • Future Trends
    • Environmental Products
  • Refining I – Basics
    • Simple Chemistry for Non-Chemists
      • Paraffin
      • Olefins
      • Napthenes
      • Aromatics
      • Catalysts
    • Crude Oil Properties
      • API and Sulfur
      • Acid
      • Salt
      • Water
      • Metals
      • Other
    • The Crude Oil Assay
    • Basic Refining Processes
      • Separation
      • Treatment
      • Upgrading Conversion
    • Blending Refinery Economics
      • Gross Product worth
      • GPW and refiner Margin
      • Team Work
    • Refining II – Conventional Refinery Upgrading
      • Cat Cracking
      • Hydrocracking
      • Visbreaking
      • Coking
    • Oil Products and their Qualities
      • Physical Oil Products and the Grade Value of Crude
      • Quality
      • Petroleum Gases
        • Methane
        • Ethane
        • Propane
        • Butane
      • Light Distillate
        • Naphtha
        • Gasoline
      • Middle Distillate
        • Kerosene
        • Gas Oil
        • Diesel
      • Fuel Oil
      • Straight Run Fuel
      • Cracked Fuel Oil
      • LSWR
      • Bunker Fuel Oil
      • Specialty Products
        • Lubes
        • Waxes
        • Bitumen
        • Coke/Carbon Black
      • Oil Logistics and the Art of Trade
        • Delivering Oil Products
          • Shipping
          • Pipeline
          • Rail Car
          • Road Truck
        • Delivery Term
        • Other Pricing Bases for Refined Products
        • Oil Contracts
          • Split Weekends
          • Counterparties
          • Grade/Quality
          • Quantity
          • Delivery
          • Price
          • Payment Clause
          • Irrevocable Documentary Letter of Credit
          • Standby Letter of Credit
          • Parent Company Guarantee
          • Open Credit
          • Dispute Resolution
          • Nominations
          • Vetting
        • Storage
      • The Price of Refined Oil Products
        • History of Oil Prices and How the Benchmarks evolved
        • The Components of the Oil Price
        • The Absolute Value of Products Price: the Role of Benchmark
          • The Characteristics of Bench Marks
          • Choosing the Right Benchmark: Price Reporting Agencies
          • The Bid-Offer Spread
          • Regulatory Oversight
          • The Regulatory Investigation
        • The Time Differential Value of Product Price
          • Bulls and Bears
          • The Contango Arbitrage
        • Trading the Time Spread: Contango without Getting Physical
        • The Value of Product Grade Differential

Day 4

Energy Price Risk Management

  • Oil Products Price Risk Management
  • Measuring Risk
    • Strategic Hedging
    • What is a Hedge
    • What is a Hedge Loss
    • Hedging and Speculation Compared
    • The Role of Risk Manager
    • Operational Hedging
    • The Long and the Short of it
    • Opening and Closing Hedges
    • Basis Risk
  • The Forward Market
  • The Future Market
  • The Swaps Market
  • The Options
    • The Size of the Premium
    • The Option Style
    • The Zero Cost Collar
  • Crack Spreads

Day 5

Legal and Regulatory Issues

  • Legal and Regulatory Issues
    • Contractual
    • Regulatory
  • International
    • International Aspects of Oil Trading
    • Special Trade Terms
    • Standardization of Terms
    • International Sales of Goods
    • General Trade Laws
    • World Trade Organization
    • Financial Issues
    • Banks’s Role
    • Shipping Laws
    • Marine Insurance
    • Dispute Resolution
    • Impact of National Laws
    • US an UN Trade Sanctions
    • Sovereign Immunity
  • United States
    • Oil Trading in the US
    • General Commercial
    • Anti-Trust Legislation
    • Sovereign Immunity Act
    • Foreign Corrupt Practices Act
    • Commodity Trading Law
    • Specific Contracts
      • Futures & Options Contracts
      • Exchange of Futures for Physical (EFP)
      • Swaps
    • United Kingdom
      • Oil Trading in the UK
      • General Commercial Law
      • Competitive Law
      • Finance and Banking Law
      • Protection of Trading Interest Act
      • Financial Services Law
      • International Petroleum Exchange
    • Singapore
      • Oil Trading in Singapore
      • Singapore Exchange
      • Comparison with London and New York
    • Controlling Financial Risk
      • What is trading Risk?
      • Other Potential Sources of Loss
      • What are Characteristics of Energy Markets
      • Determination of Risk
      • Operations

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GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.



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