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Course Level
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
There is no pre-requisite for this course.


Mary Jackson has over twenty-five years' experience in the energy industry. After university she began her career at BP, working in the information management group, before joining the Manufacturing, Supply and Trading department. She subsequently worked at Saladin as a consultant, working closely with clients throughout the world and providing consultancy advice on energy market analysis, trading and risk management. In several senior roles at Saladin, she managed the energy consulting team, ran the energy market information service and directed strategy for new software and information product development.

Since 2000, Mary has worked as an independent energy market consultant and she formed Kingston Energy Consulting with Nigel Harris in 2002. Kingston Energy provides consultancy services to companies involved in energy markets and trading. A key area of work has been the European natural gas market - Kingston Energy has researched and authored a well-respected report on European natural gas trading which has been published annually since 2004.

Mary has lectured regularly for Mennta Energy Solutions on energy markets, trading and risk management and is also a regular speaker and panel member at public conferences. She has written articles for industry publications including Harts Energy Markets, Energy Risk, Global Energy Business and Petroleum Review.


NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy 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 web site:

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

Fundamentals of Oil Storage (CLASSROOM) - FOS

Course Summary

Fundamentals of Oil Storage is a one-day oil training course presented by the energy training experts at Mennta Energy Solutions. This one-day workshop is designed as an introduction to the fundamentals of oil storage. The course reviews the different types of oil storage, technical issues and strategic storage requirements. Delegates will learn about the major storage operators, key worldwide storage hubs and storage market trends. We 'll also cover the use of storage and economics, including pricing and valuing of storage and hedging material in storage.

Who Should Attend?

Class delegates include those new to the oil industry, as well as non-technical staff who wish to learn more about oil storage, including support staff, analysts and management in the areas of supply, operations, trading, marketing, risk management, finance, contracts and IT.

Course Content

Overview of storage methods:

  • Underground tanks
  • Overground tanks, floating & fixed roofs; different types of tanks; LPG and liquid oil tank types
  • Use of tankers for storage

Storage issues:

  • Handling different types of oil products
  • Prevention of losses
  • Emissions control
  • Removal of water
  • Safety issues
  • Quality issues affecting oil in storage

Storage fundamentals:

  • Statistics of current worldwide storage capacity; storage expansion projects
  • Profile of major independent storage operators
  • Types of storage contracts & services offered by storage operators
  • Profiles of 3 major storage hubs: Cushing, Rotterdam, Singapore
  • Data reporting requirements

Strategic storage requirements

  • Compulsory stock obligations (IEA requirements) & buying/selling of CSO tickets
  • Strategic petroleum reserves

Use of storage

  • Balancing supply / demand, overview of global crude & product trade flows & imbalances; changes in types/quantities of products being storage
  • Need for blending, including biofuel requirements
  • Speculative reasons, & how market structure (contango/backwardation) affects storage market


  • Pricing and valuing of storage, valuing the intrinsic and extrinsic value of storage; optimizing the use of storage
  • Factors affecting storage rates
  • Accounting/taxation issues of stocks
  • Hedging material in storage, static hedging of inventory against loss of value; dynamic hedging and rolling hedging for storage

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