Fundamentals of Refining Economics

 Participantsof this Fundamentals of Refining Economics programme will learn how to:

• Comprehend the Brent Market and its influence on international pricing
• Position management with hedging tools
• Supply and demand: fundamentals and implications
• The structure of purchase/sales contracts including exposures and transaction costs
• Crude evaluation and selection
• Physical markets, pricing and price exposure
• Price risk management
• Developing successful trading strategies
• Oil trading and jargon
• Oil Refining
• The use of trading instruments to capture the market
• Use of Freight Forwards to manage freight risk
• Working the arbitrage
• Price Assessment and Market Reporting
• Trading structured positions and live markets