Introduction to the Oil Industry (ON-DEMAND) - IOI
Course Summary
Introduction to the Oil Industry is an online training course where you will learn all about oil - what it is, where it is found, and how it is extracted. You will also learn how raw crude oil is turned into the petroleum products we are familiar with (like gasoline), before it is distributed to end users. We will even take a look at how the industry is organized. By the end of the course, you will have a good general understanding of oil, from the underground crude reservoirs to the gasoline pump.
New content - This course will explain the impact of the 2026 Middle East crisis on the oil markets.
Course Content
You will learn to:
- Recognize the steps of oil exploration
- Identify the production process
- Identify the stages of refining
- Distinguish between logistics, distribution, and marketing
- Identify oil industry development and structure
- Point out the basics of oil markets and marketings
- Understand the 2026 Middle East crisis
- Strait of Hormuz
- Middle East Production and Trade Flows
- Alternative Routes to Market
- Refineries and products
- Oil pricing - benchmarks, market structure, higher volatility
- How long storage can fill the gap
- Freight costs
Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.
A comprehensive final test will be given at the end of the course.
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