The course is designed for:

o Helps refinery personnel, crude oil producers, and asset managers understand how crude oil and refined products are priced, traded, and valued in global markets to improve crude selection, yield optimization, and cargo sale timing.

o Supports refinery commercial and supply planners in understanding cargo sales, term contracts, pricing mechanisms, crack spreads, freight differentials, and hedging strategies to maximize refinery margins and product value.

o Enables midstream and downstream managers to understand the interaction between pipelines, storage terminals, trading hubs, benchmark pricing, and arbitrage flows to improve storage optimization and pipeline utilization.

o Assists finance, treasury, risk, and compliance professionals in managing market exposure, hedge accounting, regulatory reporting, counterparty credit risk, and trade lifecycle management.

o Provides traders, analysts, and back-office staff with deeper insight into physical energy markets, refinery operations, production constraints, and storage impacts on pricing, arbitrage, and risk-adjusted returns.

o Bridges the gap between physical oil production and financial markets by explaining how crude oil and refined products are priced, traded, hedged, and settled after leaving production facilities and refineries.

o Help participants across all functions identify and manage key value drivers such as higher margins, lower risk exposure, improved contract structures, and more efficient operations.

o Suitable for both beginners and experienced professionals, combining foundational market knowledge with practical tools that can be directly applied in the energy industry.

After completing this course, participants will be able to:
o Analyze the global energy landscape from a producer/refiner perspective – Understand the energy value chain, supply/demand dynamics, fossil vs renewable trade-offs, and how crude oil price discovery mechanisms (Brent, WTI, Platts/Argus) determine the value of their production.
o Navigate global and regional energy markets – Compare crude oil benchmarks, refined products (gasoline, diesel, jet, fuel oil), crack spreads, natural gas hubs, power markets, and emerging carbon markets, with a focus on how these affect refinery margins and cargo values.
o Distinguish uncertainty from risk in refinery decision-making – Apply probability distributions, volatility measures, Monte Carlo simulation, and decision tree analysis to quantify price uncertainty when timing cargo sales or planning refinery runs.
o Measure and manage market risk for physical crude and products – Calculate Value-at-Risk (VaR) for physical inventories, understand physical vs financial trading, identify market participants and venues, and implement hedging strategies using futures, options, and swaps to protect margins.
o Understand regulatory frameworks affecting physical energy commerce – Apply key regulations (REMIT, EMIR, MiFID II, Dodd-Frank) to energy trading operations, including reporting obligations for physical cargoes, clearing requirements, and position limits.
o Apply analytical tools and anticipate future trends – Assess geo-political risks, emission markets, ESG and carbon risk, energy transition impacts, and identify arbitrage opportunities that can improve netback values for crude and product cargoes.

Registration is now OPEN!

* Prices are subject to VAT and local terms. Ph.D. students, groups (≥ 3 persons) and early bird registrants (8 weeks in advance) are entitled to a DISCOUNT!

For more details and registration please send email to: register@petro-teach.com

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