Fundamentals of the Petroleum Industry
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Join EMI for this comprehensive course covering the entire petroleum
complex, from crude production to the refinery down to the pump. You
will understand the complexities of one of the world’s most exciting and dynamic industries.
What You Will Learn
- Crude Oil: Exploration to production
- Refining: The process from basic distillation to complex hydro-cracking
- Pipeline transportation
- U.S. Spot markets
- Trading in the intermediary markets and the critical role these components play in the downstream infrastructure
- Wholesale rack markets and exchanges: We’ll highlight everything from proprietary additives to exchange agreements between oil suppliers used to keep our nation supplied
- Rhe retail landscape and the players, trends, margins, and the pricing components that make up a street price in any given market
Special focus on:
- Upstream crude fundamentals.
- Exploration and production trends transforming the industry.
- Refinery processing basics.
- Refined product flow from the refinery to the street.
- Critical price benchmarks.
- Basics of trading and risk management.
- Major U.S. energy policy.
- Valuation of refined products.
- Spot market; Wholesale rack market; Retail landscape.
- Deal strategy, structure and traditional and non-tradition purchasing.
- Key players.
- Fundamental pressure on price and supply.
- Technical pressures on price.
- Political pressure on price and supply.
- Downstream trends and current market outlook.
- Simple, complex, and very complex refinery configuration.
- Pipeline transportation and U.S. spot markets
- Gas station and truck stop retail trends, brand value, margins, and pricing components
- Branded vs. unbranded pricing mechanics
- Alternative and renewable fuel trends.
Who Should Attend
This course will benefit anyone seeking a top to bottom, fundamental education in the petroleum industry. Perfect for oil company management and staff, marketers, pipeline, schedulers, interdepartmental transfers, finance management, administrative personnel, those considering entering the industry, and human resource personnel.