[Course
Summary | Who Should Attend? | Course Contents]
|
Date / No of days |
Location |
Fee: Course only |
Fee: + accommodation |
Code |
|
30 Aug -
1 Sep 2010 (3) |
Cape Town, South Africa
|
GBP£2400 |
-
n/a - |
MFM0\ARSA10 |
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This course is designed to provide delegates with a
comprehensive understanding of the production and the drivers of price and
quality of fuel oil. Using this knowledge, the course then investigates the
day-to-day aspects of the fuel and bunker markets and describes the supply
chain and factors that influence it. In addition the course examines concerns
of participants in the structural changes and the economic effects of such
changes. Candidates will gain an understanding of why fuel prices and quality
vary, and the effects of such volatility and how it can be mitigated.
On completion of the course all participants will
have a thorough understanding of the day-to-day mechanics of the fuel market
and in addition an understanding of the factors influencing the global market.
Those wishing to learn the basics of fuel oil trading
or understand the interaction between fuel oil and the bunker industry will
find this course ideal. In addition, the course should be considered essential
for anyone entering or recently new to the bunker industry in terms of buying,
selling, trading, broking or the service industry. Institutions currently
involved in financial aspects of bunker and fuel oil activities would also
benefit from the comprehensive coverage of this course.
Introduction
- Introduction
- Course outline
- Round robin
Supply
- Crude Oil – properties and assays
- OPEC and non-OPEC
- Refining – capacity and fuel production
- Fuel manufacture
Demand
- Sectorial fuel use
- Regional fuel use
- Future trends
- S&D forum
Price
- Fuel and the refinery economics
- Specifications
- Characteristics affecting price
- Pricing methodology
- Price variations
- Fuel cracks
Price Drivers
- Fuel oil trading including hedging, storage,
arbitrage, blending and spreads
- The market participants
- Physical trading
- Derivative trading
- Fuel oil from producer to consumer
- Price drivers
- How to avoid /mitigate some of the effects
- Price Forum
Structural Changes
- Refinery upgrading
- Demand shifts
- Bunker spec changes
- Demand balances
- Emission trading
- Future refinery operations
- Future pricing
- Buyers strategy
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