- To understand the fundamentals of international oil and gas trading.
- To analyse economic factors affecting international trade.
- To apply strategies for effective price risk hedging.
- To explore key principles of global trading markets.
- To evaluate economic impacts on trading decisions.
- To develop skills in market trend analysis for trading.
- To assess international trade regulations and compliance.
UNIT 1. INTERNATIONAL O&G TRADE Market positions Energy markets The market in times of COVID-19 Qualities. Benchmarking Price formulae UNIT 2. ECONOMIC ASPECTS The oil refining business Current situation and outlook for the industry Supply to a refining system Oil purchase contracts Natural gas purchase contracts UNIT 3. PRICE RISK HEDGING Derivative instruments Future markets Options contract Non-organised markets Price coverage UNIT 4. TRADING Organization of a trading department Evolution of trading practices Risk management Price forecasting techniques Formations of chartist and technical analysis