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Oil Pricing Mechanisms

Mennta Energy Solutions
Course summary
2 hours
210 USD
Distance
Next available date: Contact for info - Distance
e-learning / Online / Distance

Course description

Oil Pricing Mechanisms is an online training course that provides a comprehensive guide to the pricing mechanisms used in the wholesale oil trading markets. You’ll learn about the history of oil pricing, including the use of fixed pricing and netbacks for crude oil contracts. We’ll cover the components that are used in oil pricing, including units, averaging periods, benchmarks and Incoterms. We’ll review the methodologies used by the main price reporting agencies, and will assess the links between physical and paper market prices, including the use of EFPs.

 

Suitability - Who should attend?

A certificate of completion will be awarded upon scoring at least an 80% on the 20 question multiple choice final exam.

Course Content

You will learn to:

  • Recognize the types of pricing mechanisms used at different times during the history of the oil market
  • Select the units and currencies used for oil pricing in different regions
  • Identify the key components used in oil pricing
  • Recognize the key benchmarks used in oil pricing
  • Identify the way oil contracts are priced using Official Selling Prices (OSPs) and posted prices
  • Distinguish between the different methodologies used by the price reporting agencies
  • Point out the links between physical and paper market pricing

 

Suitability

The cost of this online course is $210 USD.

Content

This two hour online course is designed for anyone interested in learning more about oil pricing mechanisms.

About provider

Mennta Energy Solutions, formerly The Oxford Princeton Programme, addresses the knowledge gaps of energy professionals throughout the world with innovative and proven training techniques – instructor-led and online. The effectiveness of the training can be measured by the over 100,000...


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Mennta Energy Solutions

Oxford

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www.mennta.com

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