Fundamentals of the Petroleum Industry

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Join EMI as we explore the entire petroleum complex, from crude production to the refinery down to the pump. You'll understand the complexities of one of the world's most exciting and dynamic industries.

What You Will Learn

Learn about: Crude oil; exploration to production, Refining; the process from basic distillation to complex hydro-cracking. Pipeline Transports and U.S. Spot markets: We'll cover trading in the intermediary markets and the critical role these components play in the downstream infrastructure. Wholesale markets and exchanges: We'll highlight everything from proprietary additives to the exchange agreements between oil suppliers used to keep our nation supplied. Finally we'll dive into the retail landscape and examine the players, trends, brand value, and margins -- all of the pricing components that make up a street price in any given market.

 

Special focus on:

  • The key elements of downstream oil supply, wholesale, and retail.
  • Flow from the refinery to the street.
  • Refinery basics.
  • 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, traditional and non-tradition purchasing.
  • Key players.
  • Fundamental pressure on price and supply.
  • Technical pressures on price.
  • Political pressure on price.
  • Latest analytical tools, analysis, data and software systems.
  • Terminology.
  • Pipeline transport and U.S. spot markets in the intermediary markets and the critical role these downstream components play in the infrastructure.
  • Wholesale markets and exchanges, from proprietary additives to the exchange agreements between oil suppliers used to keep our nation supplied.
  • Retail landscape. Examine the players, trends, brand value, margins, and pricing components that make up a street price in any given market.
  • Branded vs. unbranded trends, plus the emerging role of hyper-marketers.
  • New boutique and alternative fuell 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.