4-7 Mar 2024
||GBP 4,495 (SP1-ALDN24-03)
26 Jan 2024
*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.
International Oil Supply, Transportation, Refining and Trading (SP1) has been the premier course of its kind for over 30 years by continually evolving and carefully adapting to meet current industry needs. With that experience, we are pleased to respond to market demand and offer a four-day condensed version of this classic week long course. Delegates will garner the knowledge generations of oil professionals before them have relied on while meeting the current demands for less time out of the office and efficient travel spend.
This course provides an overview of the oil supply chain - crude oil from source to refinery, processing, trading and the onwards movement of oil products. It is designed for new or recent entrants to the oil industry, and is also ideal for use as part of an induction programme or for bringing those transferring disciplines up to speed. Through the medium of a series of progressive, specific exercises, delegates will address day-to-day problems in order to understand the relevant commercial driving forces in this area.
After learning about the fundamentals, delegates will cover the valuation of crude oil. Ocean tanker transport and freight will be explored together with an overview of terminals and pipelines. The structure of a refinery will be explained in the context of the need to produce marketable products. Key aspects of product quality will be covered together with the major refining processes needed to achieve them. The course moves on to cover oil markets and pricing, oil trading contracts, and an introductory guide to paper markets and hedging using futures.
What you will learn
Exercises and Case Studies will include: