OIL INDUSTRY ECONOMICS: FROM WELLHEAD TO PETROL PUMP

Thu, 16 Jul - Fri, 17 Jul 2009

England

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Presented by ICE Education & The Energy Management Institute
If you are in the oil industry or thinking about entering this dynamic industry, you need to register for this course.

Oil Economics: From Wellhead to Petrol Pump will help you answer the questions everyone is asking: Will we see $40 crude oil or will prices once again rise to over $100/bbl? When will the market recover from the current global recession? Who's making the money? What are the economic drivers for price? What is the short-term and long-term outlook for pricing? And you'll leave this course with the tools you need to make informed, smart economic decisions, from both a strategic and tactical perspective.

This course will delve into the detailed economics from the wellhead to the final consumption points around the world.

SOME OF THE AREAS THE COURSE WILL FOCUS ON ARE


Exploration and producing economics
The economics of producing or temporarily shutting in oil
Economics of gathering oil
Economics of moving oil to the manufacturing sector from all major methods…truck, rail, pipeline and ever- increasing waterborne
Economics of the new freight markets
Basic refining economics of various types of refiners and refineries.
Refinery economic optimization
Economics of various crudes
Netback analysis
Cracks and beyond
Economics of various export refiners
Economics of moving refined products to various spot markets by various methods…truck, rail, pipeline, barges and ocean-going vessels.
Economics of moving products to wholesale & retail levels
How the economics relate to various pricing methods at each level.
Economics of storing crude oil
Economics of storing refined products
All about the economics of crude oil arbitrage trading
All about the economics of refined product arbitrage trading. Macro economics of worldwide energy complex. What is driving oil prices?

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